PROJECT

Projects

Summary of Investment Information

Project Number

39481

Company Name

BARAK FUND MANAGEMENT LIMITED

Date SPI Disclosed

Feb 2, 2018

Country

Africa Region

Region

Africa

Projected Board Date

Mar 7, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 25, 2021

Department

Global Trade & Supply Chain

Industry

Financial Markets

Previous Events

Approved : May 17, 2018
Signed : May 31, 2018
Invested : Jul 18, 2018

Sector

Trade Finance

Project Description

The proposed project (the “Project”) consists of a senior revolving loan to an SPV managed by Barak Fund Management Ltd (“Barak”) to provide trade and commodity finance to enterprises operating in Africa. The loan proceeds would invest alongside Barak's short-term African trade and commodity funds; the Project will focus primarily on supporting SMEs in the agricultural sector, although other sectors, such as consumer goods, will also be financed.

Associated Advisory Engagement

                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation