📋 Tender Overview
Project Number: 47401
Company Name: VALENCY INTERNATIONAL TRADING PTE LTD
Date SPI Disclosed: Feb 8, 2024
Country: Africa Region
Region: Africa
Projected Board Date: Mar 25, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - MAS Africa
Industry: Agribusiness and Forestry
Sector: Grains and Beans
Additional Project Attributes: Blended Finance
Project Description
The proposed investment is an up to US$25 million risk participation by IFC in an up to US$50 million 3-year uncommitted annual revolving, commodity backed, secured, trade finance facility ( Facility ) extended by ABSA Bank Limited ( Absa or the Bank ) to Valency International Pte Ltd (the Company or VIPL ) to support its subsidiaries in financing pre-export storage of raw cashew nuts (RCN), cocoa, sesame, shea nuts, ginger and soya beans sourced directly or indirectly from smallholder farmers in Nigeria, Ghana, Tanzania and Cote d'Ivoire. The Project is expected to be supported by the IDA Private Sector Window’s Blended Finance Facility (IDA PSW-BFF) to de-risk the investment.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
