Summary of Proposed Investment
Project Number
10291
Company Name
Lesiolo Grain Handlers Limited
Date SPI Disclosed
May 18, 2000
Country
Kenya
Industry
Agribusiness and Forestry
Projected Board Date
Jun 28, 2000
Status
Completed
Sector
Storage (Including Agricultural Products)
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Jun 30, 2000
Signed : Nov 10, 2000
Invested : Aug 10, 2001
Project Description
Lesiolo Grain Handlers Ltd (LGHL) was recently incorporated for the purposes of establishing an independent grain handling and storage plant. The facility will provide cleaning, drying, and storage services for maize, wheat, and barley producers within Kenya. The installed storage capacity will be 12,500 tonnes of wheat and maize, and 16,000 tonnes for barley.There is also demand for handling and storage services for grain imported into the country by local grain millers, and for grain in transit to Uganda and other neighbouring countries. LGHL will be the first independent provider of grain handling facilities in Kenya and will fill a much needed gap in the market for this kind of facility.
IFC will provide a foreign currency loan, which is not readily available in Kenya. IFC will also play an important role of ensuring the company complies with the World Bank environmental protection guidelines through regular supervision.
The project creates employmnet for 25 workers. It wilI also introduce high grain handling standards in the country, which will ensure high quality products and reduction in grain losses. This should eventually translate to higher earnings for the farmers.
IFC will provide a foreign currency loan, which is not readily available in Kenya. IFC will also play an important role of ensuring the company complies with the World Bank environmental protection guidelines through regular supervision.
The project creates employmnet for 25 workers. It wilI also introduce high grain handling standards in the country, which will ensure high quality products and reduction in grain losses. This should eventually translate to higher earnings for the farmers.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr Frank Tundo,
Managing Director
P.O. Box 49509
Nairobi
Telephone: 254-2-444337
Fax: 254-2-740687.
Managing Director
P.O. Box 49509
Nairobi
Telephone: 254-2-444337
Fax: 254-2-740687.