Glass Industry News

Tanzanian container glass manufacturer obtains $10 million loan

, Kioo

Tanzanian container glass manufacturer Kioo has obtained a $10 million loan from IFC, a member of the World Bank Group to help the company weather Covid-19 related challenges and to invest in more energy-efficient machinery.

[rimg01]IFC's $10 million loan will provide Kioo with working capital due to falling demand because of Covid-19 and associated measures to contain its spread, including the closure of bars and restaurants.

The loan to Kioo is part of IFC's $8 billion fast-track financing package to support existing clients and preserve jobs and economic activity during the pandemic.

Kumar Krishnan, General Manager at Kioo Limited, said: "Despite the effects of the pandemic, Kioo, with IFC's support, continues to pursue its long-term vision of continuous improvement.

“IFC's support will enable us to emerge from the current, difficult environment in a stronger position and be well placed to serve our customers as a preferred supplier."

Kioo employs 600 people and supplies glass containers to 12 countries on the African continent, as well as to countries in the Indian Ocean.

Glass containers account for 90 percent of beverage packaging in sub-Saharan Africa.

Kioo has committed to reducing its environmental impact by installing energy-efficient equipment at its factory in Dar es Salaam, including more efficient production systems.

Since 2015, IFC has invested more than $300 million in Tanzania in the agriculture, light manufacturing, and infrastructure sectors.

, © Kioo

Il materiale informativo del sito è registrato ed appartiene all´azienda o ai terzi che lo hanno fornitoe tutti i diritti sono riservati. Qualsiasi utente che accede a tale materiale può farlo solo ad uso personale e ne è anche responsabile. Ridistribuzione o altro uso commerciale di tale materiale è espressamente proibito. Nel caso in cui il materiale sia stato ceduto da terzi, l´utente concorda di rispettare questi termini di utilizzo specificati. Glass Global non garantisce la veridicità o l´esattezza del contenuto di alcuna informazione o di siti web esterni menzionati nelle stesse.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.

Info Grid

Glass studies

Updated worldwide glass study 2022

Updated hollow glass study 2022

Request more information

Updated float glass study 2022

Request more information

Further glass market studies

Request more information

Profilo Aziendale

Updated worldwide glass market study 2022 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2022.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via

Updated Hollow glass study 2022


Updated Float glass study 2022


Further glass studies and reports 2022