AFRICAJUICE BV
Status: Completed 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
The main activities of AfricaJuice are fruit and vegetable production and food processing, including an out-grower development program. The company was established in 2007 with the objective to become a large-scale producer and exporter of sustainably farmed fruit products from Africa. The Company acquired the 1600 ha formerly state-owned Tibila Farm and installed a processing facility. Mostly yellow passion fruit and mango are processed into juices and concentrates for export to the EU market.
What is our funding objective?
The funding objective is to finance a study which will map the current and future water availability risks for the irrigation schemes on Africa Juice’s farms, and propose resilience options looking at water demand and water availability for the farm, as well as its neighbouring outgrower schemes.
Why do we fund this investment?
The integrated water management study for AfricaJuice will ensure long-term viability of the farm and minimize the potential negative impact of droughts in the future.
More investments
| Date | Total FMO financing |
|---|---|
| 10/9/2013 | USD 2.00 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
- 3/6/2018
- End date
- 2/27/2019
- Total FMO financing
- EUR 0.02 MLN
- Funding
- ForeignAffairs - CD
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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+