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Description
IFC has an active project with Bridge International Academies (the âCompanyâ), Africaâs largest chain of low-cost schools. According to IFC, at the time of its investment in 2014, the Company operated 211 schools serving over 57,000 students in Kenya and aims to provide quality education to children from families earning less than US$2 per person per day. The investment was intended to support an increase in the number of schools in Kenya and expansion to 3 new countries.
Investments
Investment Type | ID | Amount | Status | Bank | Client |
---|---|---|---|---|---|
Equity | 32171 | USD 10.0 million | Planned | IFC | NewGlobe Schools Inc |
Related Complaints
IFC/MIGA CAO Complaints | IAM | Country | Date Filed | Status |
---|---|---|---|---|
Bridge International Academies-02/Kenya | IFC CAO | Kenya | 16/02/2020 | Closed With Outputs |
Bridge International Academies-03/Kenya | IFC CAO | Kenya | 16/02/2020 | Active |
Bridge International Academies-04/Kenya Vice President Request | IFC CAO | Kenya | 01/04/2018 | Monitoring |
Implementers
Name | Complaints | Dispute Resolutions | DR Successful | Compliance Reviews | Non-Compliance |
---|---|---|---|---|---|
Bridge International Academies |