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GWFP Valency

Sector: Warehouse • Location: Africa Region

Source: International Finance Corporation (IFC)

Project
Pending

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),

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The project “GWFP Valency” is an infrastructure initiative in the Warehouse sector, located in Africa Region. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

pending

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

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.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

Region

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County

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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

Project Type

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Article Published Date

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