Maris Limited
Status: Approved investmentWhy disclosure?
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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
Maris Limited is an SME focused diversified investment holding company, with start-ups and early stage investments in which FMO (Massif) invested in 2010. It actively invests in five key strategic domains: Properties, Business Services, Gold Mining, Renewable Energy and Agriculture, Food & Forestry. Maris started out as a fund structure and was transformed into a holding company in September 2014. The Company operates across Central, Eastern and Southern Africa, making investments in sectors and geographies that have little or no formal mechanisms for investment, many of which are post conflict or fragile states.
What is our funding objective?
Capacity development of the Maris group-wide E&S team, through an external ESMS review and implementation support.
Why do we fund this investment?
The E&S management system is crucial to manage the multitude of E&S risks and impacts associated with the work of Maris, specifically with regard to their “high-risk divisions” (mining, agri). Maris is a long-term investment of FMO, and it is deemed necessary now to review the strength of the ESMS and provide training to implement updated E&S risk management practices. Recently, new E&S staff members were assigned to various E&S positions. The E&S team is in need of further capacity development support, to strengthen the E&S management system in line with the IFC Performance Standards, and to operationalize that system in practice.
What is the Environmental and Social categorization rationale?
N/A
More investments
| Date | Total FMO financing |
|---|---|
| 8/2/2023 | EUR 0.15 MLN |
| 10/13/2021 | EUR 0.04 MLN |
| 9/12/2019 | USD 10.20 MLN |
| 12/2/2020 | EUR 0.05 MLN |
| 1/30/2019 | EUR 0.05 MLN |
| 8/7/2014 | USD 5.00 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 10/8/2024
- Effective date
- 3/14/2024
- Total FMO financing
- EUR 0.01 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) - A