Bajrang International (FZC)
Status: Approved 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
Bajrang International FZC (“BIG”) is an agricultural value chain, storage units, and processing player in Africa for various agricultural commodities. Founded in 2009, the operations started in Malawi and have now expanded to Mozambique, Tanzania, Nigeria, Zambia, and the United Arab Emirates. The activities of the Group are organized under 3 core business clusters: (1) Agro Commodities (sourcing, processing, and distribution for domestic sales and export), (2) Packaging (manufacturing of packaging bags for crops), and (3) Construction (engineering and construction). BIG owns and manages 13 processing plants, 112 warehouses, and satellite centers. It engages over 200,000 smallholders and creates over 2,000 local jobs.
What is our funding objective?
FMO contributes to funding a consulting project that will support and advise BIG in the designing of its Environment and Social Management System (ESMS) and implementation program, as well as build the required E&S knowledge of the E&S personnel.
Why do we fund this investment?
BIG is new to FMO's portfolio and requires some support and advice on E&S and ESMS.
More investments
| Date | Total FMO financing |
|---|---|
| 12/13/2023 | USD 15.00 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Agribusiness, Food & Water
- Publication date
- 8/6/2024
- Effective date
- 11/27/2023
- Total FMO financing
- EUR 0.03 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+