HPW Fresh & Dry Ghana
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
Our client is HPW. HPW is a responsible producer of tropical dried fruits and fruit snacks headquartered in Switzerland. Founded in 1997, the Company expanded from a traditional fresh fruit supplier serving Switzerland to become one of the leading dried fruit producers in West Africa, supplying high quality tropical snacks to the international market. The Company has 2 local subsidiaries, HPW Fresh & Dry in Ghana and Ivory Coast, together employing ~2,000 local employees and directly / indirectly impacting ~1,500 smallholder farmers.
What is our funding objective?
The proposed TA project aims to support the subsidiary and farmers in Burkina Faso to improve the quality of the produce. The project comprises of three separate workstreams which support organizational strengthening activities as well as sector support. The workstreams are: HPW Fresh & Dry is the largest tropical dried fruits processor in West Africa. HPW cooperates closely with local farmers and plays an important role to improve the standard of living of smallholder farmers. It is also the most important employer in the region. i. Investment in infrastructure - including equipment, investment in diversified energy sources and improvement of plant conditions; ii. Capacity building – Training and mentoring of staff in advanced technology and international processing and storage standards as well as certification in line with internationally recognized standards; iii. Develop diversification of revenue streams by supporting strawberry market development.
Why do we fund this investment?
This project is strongly aligned with FMO’s and BP’s pioneer strategy and is a good example of how we can leverage existing client relationships to directly reach smaller subsidiaries and support smallholder farmers in a fragile context. The project is also aligned with the fund’s project themes of supporting the strengthening of an agribusiness value chain and agricultural production, as well as contributing to an enabling infrastructure to support smallholder farmer activities. In addition, this project should be considered as a pilot for market creation for agribusiness in fragile states through existing customers.
More investments
| Date | Total FMO financing |
|---|---|
| 5/22/2023 | EUR 2.00 MLN |
| 7/6/2022 | EUR 4.00 MLN |
- Website customer/investment
- https://www.hpwag.com/en/about-us/hpw-fresh-dry-ghana
- Region
- Africa
- Country
- Ghana
- Sector
- Agribusiness, Food & Water
- Publication date
- 11/21/2023
- Effective date
- 10/31/2023
- Total FMO financing
- EUR 0.32 MLN
- Funding
- Building Prospects
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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+