Kazyon debt I
Sector: Commercial • Location: Egypt, Arab Republic of
Source: International Finance Corporation (IFC)
Kazyon Morocco is a wholly owned subsidiary of Kazyon Limited UK (“Kazyon” or “Company”), which is also the 100% owner of Kazyon Egypt, the largest grocery retailer in Egypt with more than 7,000 employees, five distribution centers (DCs) and 935 stores. IFC is considering a loan of up to US$30 million in debt to Kazyon Retail Sarlau (Kazyon Morocco), with Tawfeer for Food Products (Kazyon Egypt
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Kazyon Morocco is a wholly owned subsidiary of Kazyon Limited UK (“Kazyon” or “Company”), which is also the 100% owner of Kazyon Egypt, the largest grocery retailer in Egypt with more than 7,000 employees, five distribution centers (DCs) and 935 stores. IFC is considering a loan of up to US$30 million in debt to Kazyon Retail Sarlau (Kazyon Morocco), with Tawfeer for Food Products (Kazyon Egypt) being a Co-Borrower, to support the roll out of new stores and DCs in Morocco (the Project).Kazyon Morroco started operations in 2023 and currently operates one DC and 102 stores as of end of August 2024. In May 2023, IFC invested US$15mn straight equity in Kazyon through a co-investment vehicle alongside African Development Partners III (ADP III or the Fund – IFC is a limited partner investor in the Fund), where the fund acted as the lead for appraisal and supervision.Based on the interactions with ADP III and Kazyon, its E&S performance for the existing co-investment project is generally satisfactory. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |