Project detail - NICHE COCOA INDUSTRY LIMITED

NICHE COCOA INDUSTRY LIMITED

Status: Completed investment
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Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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

The client is Niche Cocoa Industry Ltd., the leading privately operated cocoa processing company in Ghana. Niche produces high quality semi-finished cocoa products and confectionery for supply to the worldwide chocolate, ice cream and bakery industries.

What is our funding objective?

The objective of the engagement is twofold: I) to support Niche with the implementation of an ERP system and II) to assist with the review of the current hedging policy.

Why do we fund this investment?

This project is of strategic relevance for FMO, because Niche is expanding its operations and will increase the complexity of the business substantially. This will require improvements to the way the company manages its data and risk.

More investments

Date Total FMO financing
11/30/2020 EUR 1.50 MLN
11/30/2020 EUR 9.00 MLN
7/18/2018 USD 10.00 MLN
Website customer/investment
http://www.nichecocoa.com
Region
Africa
Country
Ghana
Sector
Agribusiness, Food & Water
Publication date
12/15/2020
Effective date
12/14/2020
End date
8/24/2022
Total FMO financing
EUR 0.04 MLN
Funding
FMO NV
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+