PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604176

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Feb 2, 2023

Country

Angola

Region

Africa

IFC Approval Date

Feb 25, 2021

Status

Active

Estimated Total Budget

$3,150,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 7, 2023

Project Estimated Start Date

Dec 10, 2020

Project Estimated End Date

Nov 4, 2024

Project Description

The IFC GAS (Growing Agriculture Supply) Angola Project aims to promote the growth of the agriculture production in Angola. The goal of this project is to unlock constraints for specific companies with potential IFC investments. These operate in the poultry, coffee and fruit sectors in Angola. This will allow them increase in productivity and generate export goods while facilitating investment opportunities for IFC in the country. These three sectors have been identified as strategic in the diversification of Angola's economy, during the IFC Upstream workshop. By the end of the project, IFC aims to achieve this through two measurable objectives: • Objective 1: Supply chain support - poultry, grain for feed, and coffee - Launch a commercially viable feed market - Establishment of integrated poultry operations - Contribute to improve parts of the coffee industry • Objective 2: Increase food safety standards in order to unlock export potential in tropical fruit - Build capacity of local expertise - Provide food safety advisory to tropical fruit clients.

Development Results

E&S Risks / Impacts and Mitigation