What $60 million extra capital for Tanzania glass firm means
Industry and Trade minister Ashatu Kijaji with International Finance Corporation (IFC) and Kioo Limited officials in Dar es Salaam after the signing of an agreement under which IFC will loan the glass bottle manufacturer $45 million to help it grow its manufacturing capacity and increase its export potential. Others from right are IFC officials Rozita Kozar, Hennifer Wang and Henrik Perderson; Kioo Limited director Kumar Krishnan and official Dipen Patel. PHOTO | SUNDAY GEORGE
Tanzanian glass bottle manufacturer Kioo Limited has received its much-needed boost, thanks to $60 million (about Sh156 billion) capital injection from the International Finance Corporation (IFC) and Standard Bank of South Africa
