| Project Detail |
Location:
Egypt
Project number:
53749
Business sector:
Agribusiness
Notice type:
Private
Environmental category:
B
Approval date:
06 Dec 2022
Status:
Approved
PSD disclosed:
06 Dec 2022
Provision of up to USD 20 million senior unsecured working capital loan to Afia International Egypt (the "Company" or the "Borrower" or "Afia Egypt"), an Egyptian company engaged in the manufacturing and sale of edible vegetable oils and vegetable ghee.
Project Objectives
The contemplated financing supports the Borrowers working capital needs for the importation of its main production input, edible oils, from the international markets. The Project strengthens the Companys resilience to the current and potential shocks from the external environment with growing food security threats in the SEMED region and foreign currency shortage in Egypt following the Russia-Ukraine war. |
