Select Committee on International Development Minutes of Evidence



APPENDIX D

CDC's CURRENT EQUITY INVESTMENTS AND THEIR RESPECTIVE EMPLOYMENT FIGURES

  The following employment table comprises all CDC's current equity investments, either directly by CDC or via the Aureos-managed funds.

  The total employment figures for each region are:

Region

 

Number employed

Africa

 

61,893

South Asia

 

78,896

Asia Pacific

 

25,715

Latin America

 

25,060

Total

 

191,564

 

  The list overleaf shows the number of employees in each company in which we have invested, as an indicator of development impact:

Country/region


Sector


Company name


Activity

Invested
000

Number
employed

Africa

Telecoms, Media, Technology

Mobile Systems International Cellular Investments Holdings BV

Mobile telecoms operator

31,065

1,224

Côte d'Ivoire

Agribusiness

Compagnie Heveicole de Cavally SA

Growth and sale of rubber

12,877

1,000

Ghana

Financial Institutions

CAL Merchant Bank Ltd

Merchant Banking

320

142

   

Ghana Leasing Company Ltd

Leasing

1,129

12

   

SSB Bank Ltd

Commercial banking

5,145

700

 

Infrastructure

Kingdom Transport Services Limited

Contract bussing and inter-city bussing company

1,222

470

 

SME Funds

Ghana Venture Capital
Fund Ltd

Private equity fund investment (Investees shown below)

   
   

Gebaco

Sweets and Chewing gum

276

2

   

Paper Conversion Company Ltd

Box Cartons

500

163

   

Sydals Farms Ltd

Breeder farm and Hatchery

111

110

   

Voltic (Gh) Ltd

Manufacture and distribution of Mineral Water

343

250

   

Leasafric Gh Ltd

Leasing

345

17

   

Danafco Ltd

Pharmaceuticals

341

58

   

geeWaste Ltd

Waste disposal

262

40

   

Ghana Aluminium Products

Aluminium Fabrication

352

92

   

South Akim Manufacturing

Plastic containers

147

40

Kenya

Agribusiness

Mumias Sugar Company Ltd

Smallholder sugar cane development, Sugar manufacturing and marketing

1,449

9,100

   

Sulmac Company Ltd

Horticulture

5,778

1,100

 

Financial Institutions

Development Bank of Kenya Ltd

Provision of project finance and retail banking services

658

56

   

Housing Finance Company of Kenya Ltd

Provision of mortgage finance and allied financial services

1,174

272

 

Infrastructure

Grain Bulk Handling Ltd

Bulk grain and fertiliser handling terminal

2,062

140

 

Other Sectors

Jacaranda Hotel (Mombasa) Ltd

A company that owns and operates a 5-Star Tourist Hotel

612

130

   

Kenya Safari Lodges and Hotels Ltd

Owns and operates one beach hotel and two game lodges

111

280

   

Nairobi Business Park Ltd

Property Development and Investment

2,060

0

   

The Junction Ltd

Property Development and Investment

1,235

0

   

TPS (Holdings) Ltd

A Holding Company for various hotel investments owned by the AKFED

308

1,045

 

Power

Tsavo Power Co Ltd

IPP-Thermal power generation

13,364

50

 

SME Funds

Acacia Fund Ltd

Private equity fund investment (Investees shown below)

   
   

Anspar Beverages

Distribution of soft drink Franchise

599

110

   

Brookside Dairy

Dairy processing and distribution

843

438

 

   

Carlton Products

Food Manufacturing and distributor

233

58

   

Hoggers Limited

Fast food franchise

669

320

   

Mount Elgon Orchards

Cut Flowers

697

800

   

Proctor & Allan (EA) Ltd

Manufacturer and distributor of food

483

35

   

Micro Kenya

Micro Finance

170

5

   

UAP Provincial Insurance

Insurance

274

50

   

AAR Health Services Ltd

Healthcare

261

247

   

Athi River Mining Limited

Cement (primary focus)

876

644

   

Athi River Steel Plant Ltd

Rolling mill

757

57

   

Kwik Fit (EA) Ltd

Motor Services

439

58

   

Southway Investments

Pharmaceuticals, security, brick, tile

1,109

1,654

Malawi

Financial Institutions

Investment and Development Bank of Malawi Ltd

Development banking but going into commercial banking on 1 January 2002

1,112

71

 

Other Sectors

Sunbird Tourism Ltd

Hotels and lake resorts operator

538

1,064

Mauritius

SME Funds

Aureos Capital Limited

 

1,368

69

   

Indian Ocean Regional Fund Limited

Private equity fund (Investees shown below)

   
   

Happy World Foods Ltd

Retail outlets

992

225

   

Mediacom International

Pay TV

1,575

127

   

Mauritius Venture Capital Fund Ltd

Private Equity Fund (Investees shown below)

   
   

RS Fashions Ltd

Garment Manufacturing

429

345

   

Aquarius Diving Ltd

Diving

57

37

   

Flic en Flac Ltd

Hotels

614

153

   

Garden City Ltd

Entertainment

292

10

   

Naiades Resorts Ltd

Hotels

646

911

   

Consolidated Energy Ltd

Electricity Production

657

66

   

Invescom Ltd

Mobile operator

310

203

 

Telecoms, Media, Technology

London Telephone Systems Ltd

Lease finance of PABX (telecoms switchboards)

37

30

Mozambique

Financial Institutions

ULC (Mozambique) SARL

Leasing company

267

20

 

SME Funds

Mozambique Investment Company Ltd

Invest in privately owned businesses in Mozambique (Investees shown below)

   
   

CETA Construcao e Servicos

Civil Contractors

897

426

   

Maputo Office Park I, II & III

Property Development

580

2

Namibia

Consumer Goods

Cadilu Fishing (Pty) Ltd

Wet fish processing facility at Walvis Bay, Namibia

1,578

400

Nigeria

SME Funds

Capital Alliance Private Equity (Mauritius) Ltd

Invest in privately owned businesses in Nigeria

1,659

15

South Africa

Agribusiness

New Farmers Development Company Limited

NFDC is a Cape Town based private equity fund focusing on the agricultural sector

1,399

12

 

 

Consumer Goods

International Pepsi Bottler Investments Ltd

Bottler/franchise holder

2,180

1

 

Financial Institutions

Infrastructure Finance Corporation Ltd

Financial institution providing debt for infrastructure development primarily to the municipal market

2,225

30

 

Healthcare

Medikredit Integrated Healthcare Solutions

Healthcare administration

5,534

200

   

Medscheme

Medscheme is SA's leading third party administrator of health plans (TPA), which also provides value-added services, including managed care services, to the medical schemes it administers

5,460

3,500

   

Prime Cure Clinic (Pty) Ltd

Provider of primary health care ("PHC") services on capitated basis

2,777

298

 

Infrastructure

Comazar (Pty) Ltd

Operation and development of railway concessions in Africa

1,500

15

   

Trans African Concessions (Pty) Limited

N4 Toll Road Concession Contract

5,648

290

 

Minerals Oil and Gas

African Lion Ltd

PE fund to develop early stage mineral projects

5,209

2

   

Aquarius Platinum Ltd

Mining and developing platinum group metals (PGMs) in RSA

8,550

20

 

Other Sectors

Protea Hospitality Corp (Pty) Ltd

A hotel management company based in South Africa—120 branded hotels from 2* to 4*

5,181

700

 

SME Funds

Enterprise Capital Fund Ltd

A black empowerment fund incorporated in and investing in The Republic of South Africa in 1995 with a committed capital of 100 million Rand

3,093

3

   

Praxis Active Equity Fund 2

Private equity fund investing in healthcare and human capital businesses in South Africa

2,847

3

   

South Africa Franchise Equity Fund Ltd

Closed end fund

613

2

 

Telecoms, Media, Technology

Horizon TechVentures GP (Proprietary) Limited

SA Technology venture capital fund

510

3

Swaziland

Agribusiness

Inyoni Yami Swaziland Irrigation Scheme

Sugar growing under Mhlume management, citrus production, livestock and water management

6,058

503

   

Royal Swaziland Sugar Corporation Ltd

Growing and milling of sugar cane and the manufacture of alcohol from molasses

3,169

4,121

   

Shiselweni Forestry Company Ltd

Cultivation of eucalyptus and pine plantations and sale of sawn timber

3,198

422

 

Financial Institutions

Swaziland Industrial Development Company Ltd

Development Finance Institution

487

22

   

Swaziland Stockbrokers Ltd

Stockbroking firm

15

1

 

Tanzania

Agribusiness

Kilombero Valley Teak Co Ltd

Teak plantation establishment

7,570

1,041

   

Tanganyika Wattle Company Ltd

Tea production & forest products manufacture & power generation

4,314

732

 

Financial institutions

Tanzania Development Finance Company Ltd

Development finance institution

1,292

27

   

ULC (Tanzania) Ltd

Leasing company

723

20

 

Minerals, oil
& gas

East Africa Gold Mines Ltd

Gold mining

3,648

146

 

Other sectors

Tourism Promotion Services (Tanzania) Ltd

Owner/manager of three lodges and a tented camp in the Northern safari circuit

560

433

   

Tourism Promotion Services (Zanzibar) Ltd

Tourist Hotel in Zanzibar

124

140

 

Power

Songas Company Ltd

Gas to power IPP business in Dar es Salaam, owning gas field, pipeline, processing plant and power plant

5,318

100

 

SME Funds

Fedha Fund Ltd

Private equity fund (Investees shown below)

   
   

Tanzania Flowers

Rose farm

848

320

   

Interchick & Tanbreed

Breeder farm and Hatchery

750

120

   

W Store

Retail outlets

171

24

   

Halcyon Tanzania

Camp, restaurants & tour operators

1,184

100

   

Tanzania Venture Capital Fund Ltd

US$7.6 million private equity closed end fund operating in Tanzania (Investees shown below)

   
   

La Fleur d'Afrique

Rose farm

218

330

   

Tanga Fresh

Dairy processing & distribution

126

92

   

TATEPA

Tea packing & plantation

172

650

   

Pharm. Inv Ltd

Manufacturing

310

40

   

Precision Air

Operators of charter flights

645

115

Uganda

Financial Institutions

DFCU Ltd

Banking and leasing

1,419

130

 

Other Sectors

Rwenzori Courts Limited

Property Development & Investment

1,686

17

   

Rwenzori Property Ltd

Property

728

15

Zambia

Agribusiness

Mpongwe Development Company Ltd

Arable and coffee farming and flour milling

14,826

1,244

 

Minerals, Oil & Gas

Konkola Copper Mines Ltd

Copper mining company

16,645

11,000

 

SME Funds

Zambia Venture Capital Fund Ltd

Private Equity Fund (Investees shown below)

   
   

Chisamba Grain Co

Grain milling

138

200

   

JY Estates

Roses & vegetables

413

670

   

Hybrid Poultry Farms

Breeder farm and hatchery

345

322

   

Pie Delight

Pie franchise

134

32

   

Madison Insurance

Insurance

720

71

   

Gamma Pharmaceuticals

Pharmaceuticals

776

140

   

Drilltech Eng Services

Exploration drilling

345

82

   

Manda Hill

Commercial property development

745

1,080

 

   

Mukambi Safari Lodge

Tourist lodge

241

32

   

Superior Milling

Milling

483

109

   

Tongabezi Investments

Lodges

517

121

Zimbabwe

Agribusiness

Lake Harvest Aquaculture (Pvt) Ltd

Production of Tilapia in Lake Kariba for sale as fresh and frozen fillets. Main target markets are in Europe

6,062

300

 

Other sectors

PG Industries (Zimbabwe) Limited

Manufacture and retail of glass, board, timber and building materials

533

2,378

   

Victoria Falls Safari Lodge (Pvt) Ltd

Tourist lodge

236

188

 

SME Funds

Commonwealth Africa Investments Ltd

Private equity investment (investees listed below)

   
   

Nexus Market Produce Ltd

Horticulture

1,258

106

   

Dairibord Zimbabwe Ltd

Dairy

1,980

1,021

   

Sable Zinc Kabwe Ltd

Process Engineering

845

60

   

Theatre Square Ltd

Serviced apartment block

345

34

   

Telecel Zambia Ltd

Telecommunications

2,110

130

   

Investors in Africa Takura Ventures (Pvt) Ltd

Venture capital fund

   
   

Consolidated Motors

Distribution motor spares

80

66

   

Karina

Knitting yard and carpets

44

625

   

M.E.Charhon

Biscuits/confectionery

524

500

   

Metafold

Manuf Refrigeration

380

181

   

Stuttafords Holdings

Furniture removals

271

400

   

Zimoco

Mercedes car dealership

6

181

   

Ag Venture

Distribution of Agriculture Equipment

370

52

   

Eco Plastics

Recycled plastics

80

97

   

Enetons/NEI

Distribution of boilers/switchgear

3

278

   

Formscaff

Manufacturing of scaffolding

310

200

   

Lightload/Caribonum

Manuf Carbon paper

66

45

   

Standard Telephone and cables

Telecommunications

393

65

Asia Pacific

Agribusiness

Pacific Rim Palm Oil Ltd

Palm oil

100,545

14,000

 

Infrastructure

Gateway Container International Ltd

Global shipping container operating leasing business

8,476

52

China

SME Funds

CGU-CDC China Capital Partners Ltd

Private Equity Management Company

173

6

   

CGU-CDC China Investment Company Ltd

Private Equity Investment Company

7,487

 

Hong Kong

Other Sectors

North Pole Limited

"Manufacture and sourcing" of tents, mobile furniture and soft luggage

13,749

4,500

Indonesia

SME Funds

Nusantara Investment Fund Ltd

Development Capital

3,174

5

Papua New Guinea

Agribusiness

Ramu Sugar Holdings Ltd

Cane Growing and Sugar Production

2,994

1,100

 

Minerals, Oil & Gas

Morobe Consolidated Goldfields Ltd

Mineral Exploration, Feasibility & Mining

12,153

114

 

SME Funds

Kula Fund Ltd

Venture Capital provider (Investees shown below)

   
   

Cost U Less Inc

Warehouse retailing

1,159

460

   

Pacific Green Industries Limited

Furniture Manufacturing

1,353

140

   

Matrix Holdings Limited

Mining related services

680

54

 

   

Niuprint Limited

Printing

300

120

   

Pacific Aviation Partners Ltd

Helicopter support services

1,241

132

Philippines

Minerals, Oil & Gas

Newcrest Trading Limited

Tolling of coconut oil for processing into oleochemicals

350

6

 

Power

Mirant Pagbilao Corporation

Production of electricity and sale to the local utility under long-term contract

6,774

448

   

Mirant Sual Corporation

Production of electricity and sale to the local utility under long-term contract

5,993

401

 

SME Funds

H & Q Philippine Ventures (3 Funds)

Venture Capital Funds

3,878

9

Solomon Islands

Agribusiness

Solomon Islands Plantations Ltd

Palm oil production

6,397

1

 

Other sectors

Kolombangara Forest Products Ltd

Creation of large scale sustainable tropical hardwood plantation and sawmill

11,839

254

Thailand

Agribusiness

Mah Boonkrong Sirichai 25 Company Ltd

Processing raw cashew nuts

230

50

   

United Palm Oil Industry Company Ltd

Oil palm plantation, crude palm oil (CPO) and crude palm kernel oil (PKO)

15,621

1,150

 

Consumer Goods

Universal Food Public Co Ltd

Canned fruit/vegetable, and fruit/vegetable beverage for domestic and exports, under UFC and private brands

2,385

1,000

 

Other Sectors

Advance Agro Public Company Ltd

Integrated pulp and paper mill

5,825

1,300

   

HOSIA Company Ltd

Hotel

3,038

410

 

SME Funds

Thai Rural Equity Fund

Closed-end fund

1,306

3

Latin America

Infrastructure

YVR Airport Services Ltd

Airport Operating Company

2,791

55

 

Other Sectors

DVI inc

Medical equipment leasing business

17,682

50

 

Telecoms, Media, Technology

Newbridge Technology Venture LLC

Technology pledge fund in Latin America

1,264

140

Antigua

Other Sectors

Tradewinds Investment Holdings Corp

Hotel Ownership and Management

9,048

600

Argentina

Infrastructure

Concesiones y Construcciones de Infraestructura SA

Regional toll road developer and operator

9,999

548

Barbados

Financial Institutions

Caribbean Financial Services Corporation

Provides development finance, investment fund management expertise, and stock brokerage services

217

8

Belize

Agribusiness

Big Falls Plantations Ltd

Orange grove company, now managed as one production unit of Del Oro Belize Limited

1,647

48

   

Del Oro (Belize) Ltd

Orange and grapefruit juice production in Belize

21,832

403

 

Bolivia

Financial Institutions

Banco Solidario SA

Micro finance

2,239

494

 

Minerals, Oil
& Gas

Compania Minera Colquiri SA

Zinc/tin mine located near Oruro, Bolivia

3,212

425

 

Other Sectors

Simex Int USA Inc

Wood Furniture Manufacturer

3,291

410

   

Sociedad Boliviana de Cemento, SA

Leading Cement Company in Bolivia

28,628

532

Costa Rica

Agribusiness

Caribbean Capital Holdings, Inc

Farming and processing of Tilapia in Costa Rica

7,018

389

   

Inversiones Guanaranja SA/Del Oro SA

Orange juice

19,110

196

 

Healthcare

Corporacion Fischel, SA

Chain of pharmacies and distribution of pharmaceutical/beauty products

3,418

780

 

Other Sectors

Torre Mercedes SA

11 floor office building complex with two retail floors for rent/sale in San Jose, Costa Rica. Total lettable area 32,528m2

2,999

10

 

SME Funds

Central America Investment Facility Ltd

Private equity fund to invest in seven Central American countries

   
   

Central American Furniture

Furniture manufacturing & distributor

1,379

865

   

Dresden/Godan

Candle production

1,194

650

   

Plywood de Nicaragua

Plywood & doors

783

315

   

Laboratorios Lainez

Pharmaceutical

862

150

   

Polymer

Plastic packing

2,688

1,120

   

Exactus Software Corp

Software

2,069

120

   

GlobalStar Americas

Satellite telecommunication

1,872

43

   

Vivanetworks

ISP & Data Services

1,897

75

   

Profund Internacional SA

Investment Fund in Micro-Finance Institutions

1,810

5

Cuba

Financial Institutions

Caribbean Finance Investment Company/CDC Equipment Leasing Ltd

Finance Company

19,641

40

 

Other Sectors

HOSIC Company Inc

Construction and operation of five boutique hotels

998

5

Dominica

Power

Dominica Electricity Services Ltd

Integrated utility, sole supplier of electricity to Dominica

4,753

200

Dominican Republic

Power

Compania de Electricidad de Puerto Plata

Power/Electricity generation/IPP

7,018

73

   

Haina Group Holdings Ltd

Power/Electricity generation

48,593

346

   

La Compania de Electricidad de San Pedro de Macoris

Electricity generation

992

34

Ecuador

Agribusiness

Favorita Fruit Co Ltd

Integrated producer, exporter and marketer of bananas

7,256

8,000

   

Palmoriente SA

Palm oil plantation owner and extraction plant

1,126

300

 

Consumer Goods

La Universal SA

Confectionery

6,345

450

 

Financial Institutions

Banco Aserval

Small Ecuadorian commercial banking institution focusing on corporate lending, private banking and corporate finance activities

1,025

1,000

 

El Salvador

Other Sectors

Regal Forest Holding Co Ltd

Retail of consumer durables (white goods, brown goods, furniture)

8,677

3,248

Grenada

Other Sectors

Liberty Club Ltd

All inclusive hotel in Grenada

613

266

Guatemala

Power

Orzunil 1 SA

Geothermal power plant, 24MW

1,545

29

   

Puerto Quetzal Power Ltd Liability Company

Independent power producer in Puerto Quetzal, Guatemala

15,008

237

Guyana

Power

Americas and Caribbean Power Ltd

Electricity utility in Guyana

10,357

1,113

Honduras

Other Sectors

Zona Industrial de Procesamiento San Jose

Rental of space mainly to apparel and textile assembly companies

498

44

Jamaica

Power

Jamaica Private Power Company

Private power production

4,928

1

Mexico

Consumer Goods

AgraQuest Inc

Biopesticide discovery, production and marketing

1,930

86

Nicaragua

Power

Empresa Energetica Corinto Ltd

70.5 MW generating barge facilities in Corinto, Nicaragua

10,259

82

Peru

Infrastructure

Ferrocarril Central Andino SA/Ferrovias Central Andina SA

Freight Railway Company

790

181

 

Other Sectors

Nexus Film Corp

Ownership and Management of cinema complexes

3,127

252

 

Power

Southern Cone Power Ltd

Power generation

47,714

398

Saint Lucia

Power

St Lucia Electricity Services Ltd

Integrated utility, sole provider of electricity in St Lucia

5,161

244

South Asia

         

Bangladesh

Infrastructure

QC Container Line Ltd

Shipping line

1,396

30

 

Other Sectors

Beximco Textiles Ltd

High quality fabric manufacturing

2,142

1,907

   

Karnaphuli Fertilizer Company Ltd

Manufacturer of urea and ammonia

2,996

585

   

Padma Textile Mills Ltd

High quality yarn spinning

1,843

3,679

 

SME Funds

Industrial Promotion and Development Company

Development Financial Institution

561

48

India

Agribusiness

Agro Tech Foods Ltd

Edible Oil, Basic Foods and Commodity Trading & Exports

1,814

369

 

Financial Institutions

First Leasing Company of India Ltd

Leasing & Hire Purchase of movable assets

2,520

100

   

Infrastructure Development Finance Company Ltd

Infrastructure Funding Institution

9,224

116

 

   

UTI Bank Ltd

Private bank with operations on both the corporate and retail side

22,623

1,800

 

Infrastructure

Gujarat Pipavav Port Ltd

Multi-purpose port handling containers, dry and liquid bulk cargoes

7,288

313

 

Other Sectors

DCM Hyundai Ltd

Manufacture of Ocean & Land Containers

625

180

   

Sanghi Spinners India Ltd

Textile spinning mill

2,579

800

   

Shree Rama Multi Tech Ltd

Laminated tubes, labels and specialised packaging

6,634

300

   

STI (India) Ltd

Manufacture of Cotton & Polyester Yarn

2,428

823

 

Power

Lanco Kondapalli Power Ltd

368MW power generation business in South India

12,542

16

 

SME Funds

Gujarat Venture Capital Fund 1990

Venture Capital fund

192

15

   

Gujarat Venture Capital Fund 1995

Venture Capital fund

1,184

14

   

Nandi Investments Ltd

Invest in privately owned businesses in India (Investees shown below)

   
   

Tasty Bite Eatables Ltd/Preferred

Branded foods

267

133

   

Melrose Trading Co

Franchised pharmacy chain

754

25

   

Nila Bauart

Civil construction

938

217

   

Chamundi Silk Mills

Silk fabrics

963

383

   

Cico Technologies Ltd

Branded construction chemicals

688

250

   

International Auto

Auto and construction equipment

806

450

   

Lokesh Machines Ltd

Auto components

894

400

   

Megabowl Pvt Ltd

Entertainment

1,032

90

   

Precision Camshafts Ltd

Manufacture of camshafts

959

339

   

Sajawat Industries Ltd

Manufacture of garments

648

121

   

SunEarth Ceramics Ltd

Ceramic wall tiles

548

1,085

   

Apex Electricals

Power transformers

969

511

   

Alumnus Software Ltd

Software services

686

55

   

Aquila Technologies Ltd

Computer aided engineering

605

52

   

Daksh eServices Pvt Ltd

Customer relationship management services

1,217

2,000

   

Icode

Business accounting and e-commerce solutions

1,034

349

   

Infozech Software Ltd

Billing solutions

659

30

   

Opus Software Ltd

Financial services software

690

163

   

Probity Research & Services Pvt Ltd

Independent research house

692

403

   

South Asia Regional Fund Ltd

Provide risk capital to private sector companies within the region (Investees shown below)

   
   

Grameenphone

Telecommunications

1,087

619

   

Netkraft Pvt Ltd

Software services

2,903

190

   

Ortel Communications Ltd

Telecommunications

1,353

290

   

Satyam Infoway Ltd

Internet service provider

8,388

892

   

Tavant

Software services

2,069

45

 

Telecoms, Media, Technology

BPL Communications Ltd

Cellular telecommunication services in Mumbai and states of Tamilnadu, Kerala, Maharashtra and Goa

36,942

1,200

Pakistan

Financial Institutions

Crescent Leasing Corporation Ltd

Lease finance provider

1,056

39

   

International Housing Finance Corporation

Writing mortgages for residential and commercial properties

856

34

 

   

Security Leasing Corporation Ltd

Lease finance provider

307

20

   

Trust Investment Bank Ltd

Investment Banking

283

40

 

Minerals, Oil
& Gas

Fauji Oil Terminal & Distribution Company Limited

Marine oil terminal

584

132

 

Other Sectors

Engro Chemical Pakistan Limited

Manufacture and marketing of chemical fertilisers

3,895

761

   

Fauji Cement Co Ltd

Cement manufacturer

1,956

465

   

FFC-Jordan Fertiliser Co Ltd

Fertiliser manufacturer

4,731

1,185

   

Nimir Chemicals Pakistan Ltd

Production of three chemicals

834

148

   

Pakistan Services Limited

Hotelier

631

2,458

   

Sarah Textiles Ltd

Fabric knitting and garment stitching

1,008

1,788

 

Power

The Hub Power Company Limited

1292MW Oil-fired IPP

4,175

300

Sri Lanka

Agribusiness

Keells Plantation Management Services Ltd

Owner Managers of Tea, Rubber, Oil Palm and Coconut Plantations

1,225

10,959

 

Pelwatte Sugar Industries Ltd

Pelwatte Sugar Industries Ltd

Manufacture of Sugar

3,374

3,780

 

Financial Institutions

National Development Bank

Long-Term Debt Financing

3,256

470

 

Infrastructure

South Asia Gateway Terminals (Pvt) Ltd

Container port development and operation

2,422

477

 

Other Sectors

Ace Power Generation Anuradhapura (Private) Limited

Construction and operation of an independent power business—now located at Horana

918

6

   

Ace Power Generation Matara (Private) Limited

Construction and operation of an independent power business

985

6

 

Power

Asia Power (Pvt) Ltd

Production of electricity and sale under long-term contract to state utility

1,388

7

 

SME Funds

Ayojana Fund Pvt Ltd

Venture capital fund (Investees shown below)

   
   

James Finlays (Pvt) Ltd

Tea Plantation

774

28,158

   

Ceylon Brewery Limited

Brewery

433

3

   

Aqua Packaging

Flexible laminated packaging

550

535

   

Hayleys MGT Knitting

Textile knitting plant

128

473

   

Kelsey Holding Co

Property development

190

115

   

Lanka Equity

Manufacture of garments

295

3,781

   

Union Resorts Pvt Ltd

4 star hotel

585

214

   

E-chanelling

Dot Com Health Services

209

6

   

NDB Venture Investments (Pvt) Ltd

Venture Capiyal fund

   
   

Lion Brewery Ceylon Limited

Brewery

459

175

   

Asian Paints Ltd

Paints

175

150

   

GTB Colombo Corporation

Steel reinforcing bars

318

109

   

Packages Lanka Ltd

Flexible laminated packaging

468

105

   

Millennium Information Tech

Computer systems and software

780

130

   

Suntel

Wireless Telecommunications

381

480

 

 


 
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Prepared 6 August 2002