PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

597367

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Aug 4, 2015

Country

Solomon Islands

Region

East Asia and the Pacific

IFC Approval Date

Apr 23, 2014

Status

Completed

Estimated Total Budget

$1,805,700.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Sep 30, 2016

Project Description

In this project, IFC will work with tuna processor Soltuna to address issues in supply, training and retention of labor, specifically of women, who make up 2/3 of the Soltuna labor force. Soltuna, based at Noro in Solomon Islands Western Province, is Solomon Islands sole tuna processing facility and employs 1500 people, making it one of the countrys largest private sector employers. IFC has invested $10 million in Soltuna, which is owned by Trimarine, one of the worlds leading tuna suppliers, and entities of the Government of the Solomon Islands. IFC is also supporting the Government of the Solomon Islands to identify opportunities for improving management of fisheries sector revenues and encouraging further private sector investment in the fisheries sector in Solomon Islands.

Development Results

E&S Risks / Impacts and Mitigation