| 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. |
