AEF Maji Masafi Limited

completed

SUMMARY OF  PROJECT INFORMATION (SPI)Project name: : Tanzania-Maji Masafi LimitedRegion : Sub-Saharan AfricaSector : Food and Beverage ProcessingProject No: : 008616Projected Board Date : December 31, 1997Company Name : Maji Masafi LimitedTechnical Partners and/or Major Shareholders: The company is owned by Azim Dewji and his two brothers.  The Dewjis are successful entrepreneurs who operate two businesses:  Tradeco Oil Limited, a palm oil processing plant and Highway Carriers, a transportation company.Project Cost including proposed IFC Investment: Project cost : US$2.5 million IFC Investment : A-loan of up to US$1 millionLocation of Project and Description of Site:  The project is located in the Dar es Salaam industrial area. Description of company and purpose of Project:  The project involves the expansion of a packaged juice mixing and packing plant.  The juice is made from imported flavorings which are mixed with sugar and water and packaged in plastic cups.  IFC role is to provide long term financing and assist in project structuring during appraisal.  The project has strong development impact as it: (a) creates 15 new jobs with attendant training, improvement in environmental, health and safety standards, (b) increases competition in the soft drinks market, (c) introduces a new and attractive packaging format which has been successful in the Middle East because it is relatively cheap, attractive and hygienic and (d) provides an affordable drink to the masses.Environmental Categories and Issues: B.  Environmental and occupational health and safety issues include: water supply sustainability and impacts on other users, water quality monitoring and testing, liquid and solid waste disposal, power supply, plant hygiene, employee training and safety and general housekeeping and fire protection.  The sponsor has presented information to address these issues and demonstrate that the proposed project will comply with applicable governmental and World Bank requirements.  The information provided about how these potential impacts are addressed in the development of the project is summarized in the ERS.  The ERS was submitted to the PIC on November 17, 1997.Date SPI sent to PIC: November 26, 1997“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors.  It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”For additional Information contact:  Corporate Relations Unit - Telephone (202) 473-7711- facsimile:(202)974-4384Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).