| Project Detail |
Location: Tunisia Project number: 54824 Business sector: Agribusiness Notice type: Private Environmental category: B Approval date: 05 Dec 2023 Status: Passed Final Review, Pending Approval PSD disclosed: 06 Dec 2023 Provision of up to TND 40,000,000 working capital loan to COGIA to support its olive oil procurement and bottling operations in Tunisia (the Project). The Borrower is one of the few leading olive oil companies in Tunisia mainly focusing on export of bottled olive oil, and 100% owned by one of the leading agribusiness groups in the MENA region, IFFCO group, headquartered in Dubai, United Arab Emirates. Project Objectives The Project supports a strong international sponsor with a positive spill-over effect to primary agriculture, and demonstration effect to other companies in the Tunisian olive oil sector. Through expansion of the olive oil sourcing activity and the focus on exports of bottled olive oil, the Project will lead to enhanced backward linkages to local olive oil mills and farmers, as well as contribute to the development of the Made in Tunisia brand and create value in a sector which remains dominated by bulk exports. |
