PROJECT

Projects

Summary of Investment Information

Project Number

44266

Company Name

CHO COMPANY SA

Date SPI Disclosed

Dec 21, 2020

Country

Tunisia

Region

Africa

Projected Board Date

Feb 1, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 10, 2021
Signed : Jun 22, 2021
Invested : Dec 21, 2021

Sector

Vegetable Fats and Oils

Project Description

   CHO Group, (“CHO” or the “Company”), was established in 1996 and is a leading olive oil producer in Tunisia. The Company’s facilities are mainly located in the region of Sfax, Tunisia, and its destination markets span over 40 countries worldwide. CHO retains a workforce of 750 employees.

The proposed Project would help CHO liberate cash for its permanent working capital needs, and support its capex needs over the next 3 years.  

Associated Advisory Engagement

    The Project will be potentially supported by IFC’s Advisory Services, namely on 2 fronts: (a) olive supply chain improvements, and (b) corporate governance. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation