PROJECT

Projects

Summary of Investment Information

Project Number

36083

Company Name

NESTLE NESPRESSO SA

Date SPI Disclosed

May 11, 2016

Country

Eastern Africa Region

Region

Africa

Projected Board Date

Jun 15, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Agribusiness and Forestry

Previous Events

Approved : Jul 22, 2016
Signed : Sep 23, 2016
Invested : Jun 16, 2017

Sector

Coffee, Cocoa, Tea

Project Description

The proposed investment consists of an IFC senior loan of US$3 million to Nestlé Nespresso S.A. (“Nespresso” or the “Company”) and the Nespresso Sustainability Innovation Fund (Fonds Nespresso d''innovation pour le développement durable or the “Sustainability Fund”). The funds will be used to support smallholder coffee farmers and producer wet mill businesses in Ethiopia and Kenya (the “Project”).

Associated Advisory Engagement

IFC’s Advisory Services will oversee a parallel grant from the World Bank’s BioCarbon Fund (to be disbursed through TechnoServe). The grant will support agronomy training to farmers in the Oromia region of Ethiopia.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation