Higest Expansion - Phase II

pending

 The proposed investment is senior secured loan of up to US$4.22 million in Meticais equivalent for Higest Moçambique, Lda (“Higest” or the “Company”), a leading integrated poultry company in Mozambique. The funding is to support the second phase of Higest’s expansion program (the “Project”), consisting of (i) a 40% increase in its hatchery’s capacity, and (ii) upgrading its out-growers’ operations. Founded in 1993, Higest is a family-owned business producing and selling Day-Old-Chicks (DOC), poultry feed and frozen chicken meat, with the following yearly nameplate capacity: 126,720 MT for feed, 18 million units for DOC and 8,538 MT for frozen/processed chicken. The project is expected to be supported by IDA PSW LCF, as described in the Blended Finance Section.