Bridge International Academies | Accountability Console
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Bridge International Academies

Sectors

Education

Description:

Projects in this Sector: 13

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Issues Raised

Community health and safety

Description:

Projects with this Issue Raised: 363

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Gender-based violence

Description:

Projects with this Issue Raised: 17

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Other

Description:

Projects with this Issue Raised: 219

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Project Information

Investment ID: 32171

Bank: IFC/MIGA

Environmental Category: B

Country: Kenya

Region: Sub-Saharan Africa

Approval Date: None

Investment Types: Equity

Total Project Cost: USD 10.0 million

Total Complaints: 3

Description

IFC has an active project with Bridge International Academies (the “Company”), Africa’s 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

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Bridge International Academies