COUVOIR AMAR

pending

 The proposed investment involves an 8-year (incl. 3-year grace) A Loan of up to  EUR 5 million (equivalent in XOF), with a subsidy for a rate buy-down from the GAFSP Local Currency Pilot facility to Africaine de Production Animale (APRAN or the “Company”) as borrower and Couvoir Amar (CA) as co-borrower to finance the construction of a 76,800 tons per annum animal feed mill( the “Project”). Both companies operate in the entire value chain from egg import, hatcheries, production of Day Old Chicks, breeders, broilers and a slaughterhouse. The Companies serve a diverse clientele, primarily smallholders, as well as restaurants, slaughterhouses, supermarkets, hotels (broilers), and other actors in the value chain. The use of the proceed will exclusively be used for the capital and operational expenditure for the feed mill by APRAN.The project will be located in the Special Economic Industrial Zone (SEIZ) currently being developed in Diass, close to Dakar, Senegal. The industrial zone development is under constructed by the national agency for investment, “L’Agence Nationale chargée de la Promotion de l’Investissement et des Grands Travaux” (APIX). The total surface area of the SEIZ is around 718 hectares, while the land earmarked for the construction of feed mill is 1.9 hectare, i.e 0.26% of the total surface area of the SEIZ. The feed mill will produce feed for both poultry and ruminants. The majority of the product from the feed mill is expected to be consumed by the company’s farms and its value chain, mainly smallholder farmers. The raw material will be mainly soybeans and maize which will be imported through an international trader mainly from Brazil. Groundnut, risk husks and fishmeal will also be used.