BASE TITANIUM LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Base Titanium Ltd. is a wholly owned subsidiary of Base Resources Ltd., an Australian Securities Exchange (ASX) and Alternative Investment Market (AIM) listed resources developer, with a portfolio of assets in Africa. Its leading project is the USD 305 million Kwale Mineral Sands Project in the South East of Kenya.
What is our funding objective?
The aim of this project is to support local communities and strengthen their livelihoods, in this case, specifically through supporting the redevelopment of the cotton supply chain in Kwale County, Kenya. The broad intention of this initiative is to reinvigorate smallholder interest, technical capacity and, through time, the scale needed for the community to compete successfully in this global industry.
Why do we fund this investment?
The project is highly aligned with FMO's strategy, particularly in terms of economic and inclusive development. In addition, agriculture is a core sector for FMO, and although in this instance the core client is a mining company, this project represents a very good opportunity to contribute to supporting smallholder farmers in a value chain that is very important to the Kenyan and East African economy.
- Region
- Africa
- Country
- Kenya
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 7/12/2016
- End date
- 7/23/2019
- Total FMO financing
- EUR 0.17 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A