PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606668

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Feb 2, 2022

Country

Mali

Region

Africa

IFC Approval Date

Jan 30, 2022

Status

Completed

Estimated Total Budget

$240,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 24, 2024

Project Estimated Start Date

Feb 1, 2022

Project Estimated End Date

Dec 30, 2022

Project Description

IFC will provide guidance to Agrobiotech on developing its capabilities and implement high-quality management systems which will help the Client’s business processes and guarantee high-quality seeds and seedlings to its customers. Agrobiotech is a Malian commercial agriculture laboratory established in 2016 to multiply plants for mass and intensive production using in-vitro technology without any genetic modification. The main agricultural products include pineapple, banana, cassava, sugar cane, potatoes, flowers, etc. Agrobiotech is the only lab in the region with this type of expertise and it is now looking to scale up its operations to reach more producers in the West African region where the seed market is estimated at around 1.6 billion Euros. The proposed project will provide recommendations to the Client which will strengthen its business operations, help in building a spotless reputation and guarantee the quality of its products by achieving international quality standards. The project will also provide business plan validation guidance which will help to unlock potential IFC investment in the future.

Development Results

E&S Risks / Impacts and Mitigation