ZANZIBAR SUGAR FACTORY 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
Zanzibar Sugar Factory Limited (ZFSL) has a sugar estate and mill in Zanzibar. The mill is being rehabilitated, upgraded and modernized to bring capacity from 500T per day to a full capacity of 800T sugarcane per day. It will manufacture both raw sugar and ethanol for the local market.
What is our funding objective?
The aim of this project is to support ZFSL improve and expand its outgrowers program, in order to increase the proportion of cane that it sources from outgrowers to increase the factory’s productivity. The project also aims to support outgrowers to increase their income by growing a crop for income generation, as well as ensuring food security through teaching intercropping techniques. The project has a significant stakeholder engagement component to ensure success.
Why do we fund this investment?
This project is highly aligned with FMO’s strategy on building stronger agribusinesses, and also in terms of inclusive development in a rural context.
More investments
| Date | Total FMO financing |
|---|---|
| 8/24/2022 | EUR 0.09 MLN |
| 12/16/2015 | USD 11.50 MLN |
- Region
- Africa
- Country
- Tanzania, United Republic of
- Sector
- Agribusiness, Food & Water
- Effective date
- 12/2/2016
- End date
- 12/18/2018
- Total FMO financing
- EUR 0.13 MLN
- Funding
- MASSIF
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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) - B+