HANDYMAN'S LIME LIMITED
Status: Approved investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Handyman's Lime Limited and Astro Quarries Limited will become a the largest Zambian privately owned quicklime producer in Zambia.
What is our 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 do we fund this investment?
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 customer/investment
- http://www.handymansparadise.co.zm/
- Region
- Africa
- Country
- Zambia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 4/28/2015
- Total FMO financing
- USD 13.50 MLN
- Funding
- FMO NV
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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