NICHE COCOA INDUSTRY LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The client is Niche Cocoa Industry Ltd., the leading privately operated cocoa processing company in Ghana. Niche produces high quality semi-finished cocoa products and confectionery for supply to the worldwide chocolate, ice cream and bakery industries.
What is our funding objective?
The objective of the engagement is twofold: I) to support Niche with the implementation of an ERP system and II) to assist with the review of the current hedging policy.
Why do we fund this investment?
This project is of strategic relevance for FMO, because Niche is expanding its operations and will increase the complexity of the business substantially. This will require improvements to the way the company manages its data and risk.
More investments
| Date | Total FMO financing |
|---|---|
| 11/30/2020 | EUR 1.50 MLN |
| 11/30/2020 | EUR 9.00 MLN |
| 7/18/2018 | USD 10.00 MLN |
- Website customer/investment
- http://www.nichecocoa.com
- Region
- Africa
- Country
- Ghana
- Sector
- Agribusiness, Food & Water
- Publication date
- 12/15/2020
- Effective date
- 12/14/2020
- End date
- 8/24/2022
- Total FMO financing
- EUR 0.04 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+