AEF Agro Management LTD

completed

SUMMARY OF PROJECT INFORMATION (SPI)Project Name Uganda-Agro Management LimitedRegion Sub-Saharan AfricaSector AgricultureProject No 004120Projected Board Date September 15, 1995Company Name Agro Management LimitedTechnical Partner and/or Major Shareholders The project does not have a technical partner. Its shareholders are: Agro Management Group (US) Incorporated: 39% Development Finance Corporation of Uganda (DFCU): 28% East Africa Development Bank (EADB): 11% International Finance Corporation (IFC) 22%Project Cost including proposed IFC investment US$ 3.5 million equivalent Proposed IFC investment: US$600,000 loan and US$400,000 equityLocation of project and Description of site Located in Kabale, South-Western UgandaDescription of Company and Purpose of Project A new Company formed specifically to develop the pyrethrum project. The project will produce 25% crude pyrethrum extract (a natural insecticide) from dried pyrethrum flowers grown by smallholder farmers in Southern and Western Uganda. The outgrower scheme, which will involve 10,000 farmers at full production, is expected to produce more than 1,450 tons of dried flowers. The project''s plant will process these dried flowers into 70 tons of 25% crude pyrethrum extract which will be exported to the US and Europe for use in the manufacture of insecticides.Environmental Categories and Issues This is a Category B project according to IFC’s Environmental Review Procedures. Key issues associated with this project include waste disposal, pesticide handling and application, dust emissions, general employee safety and training, and fire protection. The sponsor has submitted a management plan addressing the issues listed above.Date SPI sent to PIC September 7, 1995For additional Information contact: Corporate Relations Unit - telephone (202) 473-7711 - facsimile: (202) 676-0365.Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).