PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605442

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Oct 7, 2021

Country

Kenya

Region

Africa

IFC Approval Date

Aug 5, 2021

Status

Completed

Estimated Total Budget

$1,310,809.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

Sep 30, 2021

Project Estimated End Date

Jul 1, 2024

Project Description

The proposed advisory project will complement IFC’s RSF investment facility of US$ 15 million to finance the working capital and provide the front-loading support required to support the operations on medium-scale farmers contracted by Twiga Foods Limited (TFL). This project aims to unlock farming potential by improving productivity and developing an innovative and sustainable business model for Twigas contracted medium-scale farmers. IFC will support Twiga in creating a viable farming business for bankable contracted farmers by supporting the establishment of an ecosystem that will support the development and management of the contracted farmers.

Development Results

E&S Risks / Impacts and Mitigation