PROJECT

Projects

Summary of Investment Information

Project Number

52071

Company Name

Naval Holding

Date SPI Disclosed

May 22, 2026

Country

Angola

Region

Africa

Projected Board Date

Jun 30, 2026

Environmental Category

B - Limited

Status

Pending Approval

Last Updated Date

May 25, 2026

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Sector

Diversified Edible Agricultural Crops Production

Project Description

The proposed investment is a senior A Loan of up to EUR 40 million to Naval Holding Limited (Naval Groupor, The Group), a diversified industrial conglomerate with headquarters in Dubai International Financial Centre (DIFC) and operational leadership based in Luanda, Angola. The investment supports Naval Group's expansion of its Angolan subsidiary, Foodtec Industria Alimentar, Lda (Foodtec, The Company), a leading food manufacturer in Angola operating a wheat mill and pasta lines (the Project).

Associated Advisory Engagement

Through an advisory engagement, IFC will support Naval Group in enhancing bulk grain handling, storage capacity and vessel loading/unloading facilities and strengthening the grain production (maize, sunflower and soybean) of the Company and its out growers.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation