PROJECT

Projects

Summary of Investment Information

Project Number

33327

Company Name

BAKHRESA SA (PTY) LTD

Date SPI Disclosed

May 2, 2014

Country

South Africa

Region

Africa

Projected Board Date

Jun 10, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Feb 5, 2022

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 13, 2014
Signed : Jul 11, 2014
Invested : Feb 3, 2015

Sector

Grain Processing (Milling, Starch, Flour, Malt)

Project Description

Establish a greenfield 750 tons capacity per day wheat mill in the South African port city of Durban, to serve primarily the KwaZulu-Natal province and export to neighboring countries including Mozambique. Bakhresa has decided to establish a wheat mill in South Africa at a cost of US$80 million and has invited IFC to provide senior debt of US$25 million.

The IFC’s participation is up to US$25 million A Loan to Bakhresa South Africa (Pty) Ltd which will be used to fund a greenfield project in Bakhresa South Africa operations.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation