SEF Cabo Caju, Lda

completed

SUMMARY OF PROJECT INFORMATION (SPI)Project Name: Mozambique - Cabo Caju, LimitadaRegion: Sub-Saharan Africa Sector: Food ProcessingProject No: 009636Projected Board Date: June 19, 1999Company Name: Cabo Caju, Lda (CCL)Technical Partner and/or Major Shareholders: CCL is owned by: (i) Mr. Jurg Reiser (86%), a Swiss national living in Mozambique since 1989; (ii) his Mozambican wife, Mrs. Ilda Reiser (7%); and (iii) Mr. Machemba Sarangue (7%) also a Mozambican and the project’s production manager. Mr. Reiser, the main sponsor, holds a bachelor’s degree in business administration and marketing. For six years he was marketing manager for 3M in Switzerland. He will be the general manager of the project.Project Cost Including Proposed IFC Investment: The project is estimated to cost US$1,373,000 and IFC has been requested to provide a loan of US$533,000.Location of Project and Description of Site: The project is located 5 Kms from the city of Pemba, Cabo Delgado, the Northern province of Mozambique.Description of Company and Purpose of Project: CCL has been processing cashew nuts since 1996 in rented premises. The project is to construct a new, larger factory with the capacity to process about 1,200 tons per year.Environmental Category and Issues: This is a Category B project according to IFC’s environmental review procedure. Key environmental, health and safety issues that were discussed include sustainability of cashew supplies, including agrochemical use and integrated pest management if applicable; source of water and power supply, including fuel storage if applicable; disposal of solid and liquid wastes, including sewage; air emissions from boilers and/or other fuel sources; employee exposure to dust, heat, noise in the processing plant; provision of personal protective equipment and employee health and safety training; use of non-CFC air conditioning and cold storage equipment; fire protection, life safety and emergency response; and general plant safety and housekeeping. IFC has reviewed information measures for ensuring that the project complies with Mozambique regulations and IFC guidelines. The sponsors will provide health and safety and fire response training to all employees. In addition, the company will issue all appropriate personal protective equipment to employees, in accordance with IFC and Mozambican requirements. Additional details of the proposed operating procedures and mitigation measures are provided in the Environmental Review Summary for the project, which was made available in the InfoShop on April 20, 1999.The Environmental Review Summary is available from the InfoShop.Host country location of environmental documents:Date SPI sent to InfoShop:19 May 1999“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors.  It is provided for the purpose of enhancing the transparency of IFC''s activities and should not be construed as presuming the outcome of IFC Board consideration”.For additional Information contact:  Corporate Relations Unit –Telephone: (202) 473-7711Facsimile: (202) 974-4384Environmental 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).