Project detail - HPW FRESH & DRY GHANA


Status: Approved investment
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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

HPW is a responsible producer of tropical dried fruits and fruit snacks headquartered in Switzerland. Founded in 1997, the Company expanded from a traditional fresh fruit supplier serving Switzerland to become one of the leading dried fruit producers in West Africa supplying high quality tropical snacks to the international market. The Company has 2 local subsidiaries, HPW Fresh & Dry in Ghana and Ivory Coast, together employing ~2,000 local employees and directly / indirectly impacting ~1,500 smallholder farmers.

What is our funding objective?

FMO’s investment loan to HPW Fresh & Dry Ltd is to support its working capital and expansion of factory in Ghana to meet the increasing demand from international markets for dried fruits.

Why do we fund this investment?

HPW Fresh & Dry is the largest tropical dried fruits processor in West Africa. HPW cooperates closely with local farmers and plays an important role to improve the standard of living of smallholder farmers. It is also the most important employer in the region, with FMO’s investment in the project, in the short term ~250 new jobs will be created locally, adding further value for the economy. The financing will also contribute to reduction of food waste, which is minimized by utilizing fresh fruits that are unnecessarily wasted or discarded by retailers (because of undesirable appearance) into healthy dried fruits and snacks. The transaction qualifies as inclusive (given the technical support provided to smallholders) and green (HPW has a sustainable and circular business model).

What is the Environmental and Social categorization rationale?

E&S categorization B+, FMO’s environmental and social due diligence indicates that the investment will have impact which must be managed in a manner consistent with the following Performance Standards: PS 1 – Assessment and Management of Environmental and Social Risks and Impacts; PS 2 – Labour and working conditions; PS 3 – Resource Efficiency and Pollution Prevention; and PS 4 – Community Health, Safety and Security. Additionally, IFC Performance Standards 2 and 6 are indirectly triggered through the Company’s supply chain. IFC PS 5, 7 and 8 are not considered to be applicable as HPW Ghana Facility is located on land acquired through a willing buyer willing seller transaction that did not involve involuntary resettlement, and no indigenous people nor cultural sites were identified in the area of influence of the project.

Agribusiness, Food & Water
Publication date
Effective date
Total FMO financing
EUR 4.00 MLN
Building Prospects
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)