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BOVIMA

Sector: Water Supply and Storage • Location: Madagascar

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment is a US$7 million subordinated C Loan from IFC and GAFSP to BOVIMAAGRIFEED (the “Companies”) in Fort Dauphin, southern Madagascar.The greenfield operations would procure cattle and goats from local herders in the project area and fatten them for 1-4 months in a feedlot with locally produced animal feed; thereafter, the animals would be slaughtered in a newly constructed aba

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The project “BOVIMA” is an infrastructure initiative in the Water Supply and Storage sector, located in Madagascar. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

active

Taiyo status

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Contact

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Email

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Description

Description

The proposed investment is a US$7 million subordinated C Loan from IFC and GAFSP to BOVIMAAGRIFEED (the “Companies”) in Fort Dauphin, southern Madagascar.The greenfield operations would procure cattle and goats from local herders in the project area and fatten them for 1-4 months in a feedlot with locally produced animal feed; thereafter, the animals would be slaughtered in a newly constructed abattoir. The Companies would produce carcass beef and goat meat for exports, mainly tothe Middle East (the “Project”).The Companies are part of SMTP Group Madagascar, a conglomerate of 20 corporations and approximately 1,300 employees and annual revenues of around US$33.5 million (the “Group”). In the agribusiness sector, the Group owns the following key subsidiaries, Agrival (animal feed), Agrifarm (day old chicks for poultry/ broilers) and Mabel (slaughterhouse) and the proposed greenfield project Bovima-Agrifeed (Goat and Beef feedlot and abattoir).

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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