📋 Tender Overview
Project Number: 47760
Company Name: FERME AGRO-PASTORALE JAMBO SARL
Date SPI Disclosed: May 10, 2024
Country: Congo, Democratic Republic of
Region: Eastern Africa
Projected Board Date: Jun 21, 2024
Environmental Category: B
Status: Pending Approval
Last Updated Date: May 28, 2024
Department: Regional Industry - MAS Africa
Additional Project Attributes: Blended Finance
Project Description
The proposed IFC investment is an A loan of up to US$10 million to support Ferme Jambo (the Company ) in Southern DRC in expanding into irrigated wheat cultivation and milling. The Project will be executed over two phases from 2023-27. Phase 1 (2023-25): investment consisting of (i) farm machinery and irrigation equipment for 1.5 k ha and 4 ton/ hour wheat flour milling line). Phase 2 (2026-27) has assets like Phase 1, financed by US$10 million. Phase 2 commitment will be contingent on the satisfactory completion of Phase 1.
Total Project Cost and amount and nature of IFC's Investment: The total Project cost is estimated at US$27.7 million, financed by US$20 million to support the acquisition of farming equipment, center pivot irrigation systems, and wheat milling lines in two phases from 2023 to 2027. The proposed IFC financing package for phase 1 consists of a US$5 million IFC A loan and a US$5 million loan from the IFC Facility for Resilient Food Systems (FRFS).
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
