PROJECT

Projects

Summary of Investment Information

Project Number

44578

Company Name

UNITED EXPORTS LIMITED

Date SPI Disclosed

Jan 26, 2021

Country

South Africa

Region

Africa

Projected Board Date

Oct 1, 2020

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Feb 26, 2025

Department

CM3A6 - Regional Industry - MAS ME & Africa/Agribusiness & Forestry - Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Oct 1, 2020
Signed : Oct 22, 2020
Invested : Oct 29, 2020

Sector

Fruits and Vegetables

Project Description

 The IFC investment package is a four-year loan to the United Exports Limited (“United Exports” or the “Company”) amounting up to €3 million.  The loan is shared equally (€1.5 million each) among IFC and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (“FMO”).  The loan will help United Exports to cope with the immediate challenges of the global COVID-19 crisis and continue implementing its long-term growth plan.

Established in 2002 in the Republic of South Africa, United Exports is involved in blueberries farming and trading.  The Company sources blueberries from farms in South Africa and Zambia that it owns partially or entirely as well as from a number of licenses  growers located in the Southern Africa region. United Exports focuses on the production, grading, packing, cooling, shipping, marketing and selling of its premium proprietary blueberry varieties; its proprietary brand is the OZblu® brand.

This project is linked to https://disclosures.ifc.org/project-detail/ESRS/40468/mbiza-blueberries

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation