SEF Nouvelles Brasseries Africaines (NBA SA)

completed

Bernard Pasquier - 2 - February 14, 1997 SUMMARY OF PROJECT INFORMATION (SPI)Project Name: NBA SA - SENEGALRegion: AfricaSector: Food and Agribusiness Project Number: 8131Expected Board Date: March 17, 1997 Company Name: Nouvelles Brasseries Africaines SA Technical Partners and/or Major Shareholders: The major shareholder of NBA SA is Mr. Dioum, a Senegalese entrepreneur. Mr. Dioum also owns a small ice cream factory.Project Cost including IFC Proposed Investment: Total project cost is estimated at US$5.4 million; IFC would provide a senior loan of US$1.9 million equivalent through the Small Enterprise Fund.Location of project and description of site: Project is located in the industrial zone of Dakar (Senegal). The site includes processing facilities, storage areas and office space.Description of Company and Purpose of Project: This is an expansion program by Nouvelles Brasseries Africaines to double its production capacity. NBA SA started operations in November 1994 to produce and sell soft drinks (cola, limonade, orange and fruit cocktail) for the local market; it is now a well established company. Given the early success of the venture, the investor decided in mid-1995 to double its production capacity.IFC Role: NBA SA investment plans are in line with IFC’s objectives to promote indigenous small and medium size enterprises. IFC’s loan will help the company make critical commercial investments that are overdue. As part of its investment, IFC will also facilitate relationships with AMSCO.Environmental Category and Issues: This is a category B project according to SEF’s environment review procedure. Environmental issues associated with this project include liquid and solid wastes disposal; use of non-CFC refrigerants cooling, water and power supply and storage of gas and fuel. Occupational health and safety issues include workers safety and training, employee exposure to dust, heat, and noise, and fire prevention and emergency evacuationThe environmental review summary is expected to be available from the Public Information Center by February 17, 1997. Date SPI sent to PIC: February 14, 1997 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365Environmental 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).