PROJECT

Projects

Summary of Investment Information

Project Number

39718

Company Name

RIKWEDA FRUIT PROCESS COMPANY

Date SPI Disclosed

Nov 15, 2017

Country

Afghanistan

Region

Middle East

Projected Board Date

Dec 20, 2017

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Aug 23, 2021

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Agribusiness and Forestry

Previous Events

Approved : Mar 8, 2018
Signed : May 31, 2018
Invested : Mar 5, 2019

Sector

Fruits and Vegetables

Additional Project Attributes

Blended Finance

Project Description

Rikweda Fruit Process Company (Rikweda, the Project or the Company) is a 15,000 ton per annum (tpa) raisin processing plant in Kabul, Afghanistan.  The Project cost is estimated at US$9.0 million of which US$6 million is financed by the Sponsors' equity.  IFC has been invited to extend a revolving working capital facility of up to US$2.5 million renewable on an annual basis for five years.  IFC will also extend a C Loan of up to US$0.5 million in exchange for advisory services to support Rikweda’s growth.  

Associated Advisory Engagement

 IFC will support the Company through an advisory engagement to support the development of raisin supply chains in Afghanistan by building the capacity of Rikweda on implementing and managing food safety systems, financial management and supply chain development.                                                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation