OLAM COCOA PROCESSING COTE D'IVOIRE
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
Olam Cocoa Processing Cote D'Ivoire is a greenfield cocoa processing plant in San Pedro, Ivory Coast. Once fully operational, the plant will have the capacity to grind and transform 69,000 MT of cocoa beans annually. The project is wholly owned by Olam International, a leading global integrated supply chain manager and processor of agricultural products and food ingredients, which through this project intends to further vertically integrate its operations and hence secure quality input for its trading activities.
What is our funding objective?
The EUR 33.6 million term facility, which is arranged by Proparco and co-financed by DEG and FMO, will be used for process design engineering, land development, civil construction, utilities and equipment. Furthermore, a plant and pre-treatment and primary processing facilities will be built. The total project size amounts to EUR 50 million.
Why do we fund this investment?
The development impact of this project is considered significant due to quite sizeable job generation, rural development through an integrated supply chain approach and the increased value added at the local level. The integrated supply chain approach includes objectives for certification and sustainable production practices.
- Region
- Africa
- Country
- Côte d'Ivoire
- Sector
- Agribusiness, Food & Water
- Effective date
- 11/3/2014
- End date
- 2/13/2020
- Total FMO financing
- EUR 11.20 MLN
- Funding
- FMO NV
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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) - A