PROJECT

Projects

Summary of Investment Information

Project Number

35880

Company Name

MYANMA AWBA GROUP CO., LTD

Date SPI Disclosed

Feb 23, 2016

Country

Myanmar

Region

East Asia and the Pacific

Projected Board Date

Mar 31, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 15, 2016
Signed : Sep 6, 2016
Invested : Dec 5, 2016

Sector

Other

Project Description

Headquartered in Yangon and established in 1995, Myanma Awba Group Company Ltd. (together with its subsidiaries “Awba” or the “Company”) is a leading provider of crop protection products (including herbicides, fungicides, and insecticides), fertilizers and seeds in Myanmar. Together with these inputs, Awba provides farmers with extension services to enhance crop output, profitability and livelihoods. Awba’s approximately 1,000-strong sales and marketing team are all trained agronomists with technical expertise, which helped Awba to establish its market leadership. In addition to this core business, Awba has also started a microfinance business. In order to continue its expansion, Awba now plans to invest in a new agro chemicals formulation plant, additional bottling/packaging and warehouse capacity, seed production, working capital as well as the growth of its microfinance operations.

Associated Advisory Engagement

Awba has engaged IFC Advisory Services for a Corporate Governance Assessment and subsequent support in drafting and implementing relevant policies as well as associated training. Awba has also engaged IFC FIG Advisory Services to prepare a strategic plan for Awba to develop and expand its microfinance business.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation