Project detail - HANDYMAN'S LIME LIMITED

HANDYMAN'S LIME LIMITED

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Who is our client

Handyman's Lime Limited and Astro Quarries Limited will become a the largest Zambian privately owned quicklime producer in Zambia.

Funding objective

The FMO financing is part of a US$30 mln debt facility arranged by DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH. The financing will be used for the completion and operation of a greenfield 600 tons per day (TPD) quicklime manufacturing plant, together with the development of an adjacent limestone quarry near Ndola, Zambia. The targeted markets for quicklime sales are mining companies in Zambia and the neighboring Democratic Republic of Congo, to be used for environmental waste management, water treatment, agricultural companies, and road construction and infrastructure development.

Why we fund this project

The financing contributes to FMO's strategy of supporting local private sector growth in Africa. The project will replace regional imports with locally produced high quality products and reinforce Zambia's export potential. Furthermore, the project will lead to approximately 80 direct and 100 indirect jobs. The involvement of the internationally experienced operation and maintenance services provider ThyssenKrupp is expected to lead to high technology, know-how transfer and training effects of the local staff.

Website client
http://www.handymansparadise.co.zm/
Region
Africa
Country
Zambia
Sector
Infrastructure, Manufacturing and Services
Signing date
4/28/2015
Total FMO financing
USD 13.50 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
A