PROJECT

Projects

Summary of Investment Information

Project Number

37143

Company Name

PROMASIDOR NIGERIA LIMITED

Date SPI Disclosed

Mar 2, 2016

Country

Nigeria

Region

Africa

Projected Board Date

Apr 15, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Feb 25, 2022

Department

Regional Industry - MAS ME & Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 22, 2016
Signed : Sep 15, 2016
Invested : Jan 23, 2018

Sector

Other Food

Project Description

Proposed investment is a corporate financing A loan to support the modernization, expansion, diversification of Promasidor Nigeria Limited (the “Company” or “PNG”), a fast moving consumer goods (FMCG) food processing company in Nigeria.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation