AFRICAJUICE BV
Status: Approved investmentWhy disclosure?
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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
africaJUICE is a dynamic young company that is on track to becoming a major producer and exporter of tropical fruit juices from Africa. africaJUICE (aJ) plans to establish at least three production locations across Africa and become a premier supplier of Fairtrade juice to the European market.
What is our funding objective?
FMO's funding will go towards the company's expansion. aJ will add 900 hectares of fruit production area over the next three years to achieve the much needed scale. The capital expenditure in the processing plant will allow diversification into pomegranate, lemon and acerola. FMO's investment will also support infrastructure such as irrigation systems and a seed nursery, upgrades in the processing facility and support for an outgrower program provided to farmers.
Why do we fund this investment?
With this investment aJ is able to operate a supply chain integrated business model into the European and Middle East markets. The company combines a fruit juice processing plant along with primary production farms in Ethiopia, providing direct control over quality and supply. This allows the company to access competitive sources of key inputs such as labor, land and water while maintaining close proximity to targeted export markets. The company is also operating an unique Outgrower Incubator Project in cooperation with IFC, FMO, ICCO of the Netherlands, GTZ of Germany, and the Rabobank Foundation. By scaling up this program, aJ is positioned to introduce modern farming practices into Ethiopia. If successfully rolled out, the investment and the program will cumulatively reach approximately 4,800 farmers.
More investments
| Date | Total FMO financing |
|---|---|
| 2/27/2019 | EUR 0.02 MLN |
| 10/9/2013 | USD 2.00 MLN |
- Website customer/investment
- https://www.africajuice.com/contact_us.html
- Region
- Africa
- Country
- Ethiopia
- Sector
- Agribusiness, Food & Water
- Effective date
- 10/9/2013
- Total FMO financing
- USD 2.00 MLN
- Funding
- Fund Emerging Markets
-
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+