KUKUZA PDC: Indian project developer established

Documents establishing Kukuza Project Development Company were signed on 24 July by shareholders, who comprise Indian developer and financier Infrastructure Leasing & Financial Services Ltd, the project’s main sponsor, along with the Export-Import Bank of India, African Development Bank (AfDB) and State Bank of India. Kukuza is intended to “facilitate Indian participation in infrastructure projects in Africa”, according to the Exim Bank, and will focus on early-stage design and preparation, providing turnkey preparations for contractual, technical and financial arrangements and for marketing its projects to potential investors.