FAN MILK LIMITED
Status: Completed investmentWhy disclosure?
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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
Fan Milk Limited is a dairy company, and it is the leading manufacturer and marketer of ice cream and yoghurt in Ghana.
What is our funding objective?
To develop an inclusive recycling system which will contribute towards a plastic-free environment by empowering and organizing waste pickers. By the end of two years and a half, Fan Milk will be recovering an equivalent volume of 30% of all post-consumption waste that the company generates.
Why do we fund this investment?
With this project, we intend to enable the development of sustainable practices along the entire waste value chain (from generation to recycling) with technical and operational training of waste pickers in Greater Accra. This project is also in line with the aims of the BCD program.
- Region
- Africa
- Country
- Ghana
- Sector
- Agribusiness, Food & Water
- Effective date
- 8/4/2017
- End date
- 11/8/2021
- Total FMO financing
- EUR 0.13 MLN
- Funding
- ForeignAffairs - CD