Project detail - PRIMEFUELS TANZANIA LIMITED

PRIMEFUELS TANZANIA LIMITED

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Who is our client

FMO provides a co-borrower facility to Primefuels Tanzania Limited and Primefuels Kenya Limited, both logistics companies focusing on the transport of fuel, palm oil, edible oil, etc. Its fleet consists of both trucks and rail assets. The companies focus on delivering high-quality transport services and distinguish themselves in the market through reliable service and high operational and safety standards.

Funding objective

FMO's purpose of the financing is expansion as well as the refurbishment of the existing fleet by means of acquiring high-quality assets. This enables the client to better service its existing clients while attracting new ones as well.

Why we fund this project

FMO's financing enables the transport of lubricants to regions where this is not readily available.

Website client
http://www.deginvest.de
Region
Africa
Country
Tanzania, United Republic of
Sector
Infrastructure, Manufacturing and Services
Signing date
6/30/2017
Total FMO financing
USD 7.00 MLN
Fund
FMO
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)
B+