| Project Detail |
Location:
Kazakhstan
Project number:
54711
Business sector:
Agribusiness
Notice type:
Private
Environmental category:
B
Approval date:
28 Nov 2023
Status:
Approved
PSD disclosed:
06 Dec 2023
The provision of senior secured loan of up to US$ 10 million to the group of companies of Atameken-Agro JSC (the Group), one of the largest agricultural holdings in Kazakhstan. The proceeds of the loan will be used to finance the replacement of the existing agricultural machinery (tractors, harvester-threshers and sprayers)
Project Objectives
The project is expected to improve the Groups production efficiency and environmental footprint.
The investment in new machinery is also an opportunity for the Group to train workers in more advanced skills relevant for the sectors growth, thus contributing to the development of human capital in the sector. |
