Mabani Seven Company Limited
Status: Completed 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
Our client is Mabani Seven Company Ltd and develops a mixed-use real estate project with the name "The Exchange" in Accra, the capital city of Ghana. The project sponsor is AR2, a private equity fund making equity investments in real estate development projects in Sub-Saharan Africa, primarily in but not limited to Ghana, Kenya, Mauritius, Nigeria, Rwanda, South Africa and Tanzania.
What is our funding objective?
The project concerns a greenfield mixed-use real estate development and will consist of a hotel with conference center and over 200 rooms, and approximately 10,000 m2 of retail space (the Project). The Project will help alleviate the supply gap of high quality office and retail space, as well as residential units and hotel rooms in Ghana. In this project FMO cooperates with IFC.
Why do we fund this investment?
The Project will have substantial development impact through improvements in business infrastructure, tax revenues, FX earnings, job creation and linkages with the local economy. The hotel and the mall fit well with FMOs 2020 strategy as the investment is considered a Green Investment. Plus the Project mall is expected to become a platform supporting local SME business, with over 30 local businesses to become tenants in the mall.
More investments
| Date | Total FMO financing |
|---|---|
| 5/16/2023 | USD 10.35 MLN |
- Region
- Africa
- Country
- Ghana
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/11/2015
- End date
- 5/16/2023
- Total FMO financing
- USD 6.65 MLN
- Funding
- FMO NV
-
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) - B+