41813
NESTLE NESPRESSO SA
Nov 30, 2021
Africa Region
Africa
Jan 6, 2022
B - Limited
Active
Nov 25, 2022
Regional Industry - MAS Africa
Agribusiness and Forestry
Approved : Mar 1, 2022
Signed : May 4, 2022
Invested : Nov 22, 2022
Coffee, Cocoa, Tea
The Proposed Investment is a CHF 4 million equivalent corporate A Loan to the Nespresso Sustainability Innovation Fund (NSIF) to support Nespresso’s goal to further scale the farmer support provided through the AAA Sustainable Quality ProgramTM with a focus on the Reviving Origin program. At the same time, IFC will provide Advisory to support the implementation strategy in Uganda, Mozambique, and Zimbabwe. This Project will be IFC’s second collaboration with Nespresso, after successfully establishing the proof of concept in Ethiopia and Kenya.
IFC would be offering advisory services to the Company to: (i) promote good agricultural practices (rejuvenation, fertilization, pest and disease control, and erosion control) and coffee quality and sustainability standards. Farmers will be offered extension services through individual and/or group trainings and ecosystem restoration services through provision of suitable varieties of rainforest (shade) trees. In addition, the advisory engagement will improve business management and entrepreneurial skills for farmers (especially women) and farmer groups in areas of record-keeping, leadership, and financial literacy.
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Local Access of Project Documentation
Chaussee de la Guinguette 10 -1800 Vevey , Switzerland