Africa Finance Corporation is in discussions with the shareholders of Mahathi Infra Uganda Ltd (“Mahathi” or the “Company”) for the provision of an investment package consisting of debt and equity financing in the Company. Mahathi is developing a transformational integrated logistics project to significantly reduce the cost and time of fuel transportation from Kisumu, Kenya to Kampala, Uganda, which is currently carried out by trucks in the absence of land pipeline. AFC/ Mahathi procured the services of a consultant to conduct Environmental and Social Due Diligence on the business of Mahathi.
The tasks included the review all E&S-related documentation available for the Project; and to Assess the proposed project and related infrastructure, considering the; adherence to the Reference Framework; the E&S risks and impacts that may arise due to the construction, operation and decommissioning phases of the project; including a review of the impacts and the way they are assessed and managed by the pro
ject company; including impacts on workers (including labour conditions and health and safety aspects, concerning both contractor workers and indirectly hired workers) and on affected communities.
Tenvicon provided inputs into the Preliminary Summary of Principal Findings Report, Environmental and Social Due Diligence Report and Environmental and Social Action Plan under a Reference Framework of the Equator Principles, using the IFC Performance Standards as the Applicable Environmental and Social Standards.
