Summary of Proposed Investment
Project Number
4120
Company Name
AGRO MANAGEMENT (UGANDA) LIMITED
Date SPI Disclosed
Sep 7, 1995
Country
Uganda
Industry
Manufacturing
Status
Completed
Sector
Other Agricultural Chemicals (Pesticides, etc.)
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Oct 18, 1995
Signed : Jan 17, 1996
Invested : May 15, 1996
Project Description
SUMMARY OF PROJECT INFORMATION (SPI)
Project Name Uganda-Agro Management Limited
Region Sub-Saharan Africa
Sector Agriculture
Project No 004120
Projected Board Date September 15, 1995
Company Name Agro Management Limited
Technical Partner and/or Major Shareholders
The project does not have a technical partner. Its shareholders are: Agro Management Group (US) Incorporated: 39%
Development Finance Corporation of Uganda (DFCU): 28%
East Africa Development Bank (EADB): 11%
International Finance Corporation (IFC) 22%
Project Cost including proposed IFC investment
US$ 3.5 million equivalent
Proposed IFC investment: US$600,000 loan and US$400,000 equity
Location of project and Description of site
Located in Kabale, South-Western Uganda
Description of Company and Purpose of Project
A new Company formed specifically to develop the pyrethrum project. The project will produce 25% crude pyrethrum extract (a natural insecticide) from dried pyrethrum flowers grown by smallholder farmers in Southern and Western Uganda. The outgrower scheme, which will involve 10,000 farmers at full production, is expected to produce more than 1,450 tons of dried flowers. The project''s plant will process these dried flowers into 70 tons of 25% crude pyrethrum extract which will be exported to the US and Europe for use in the manufacture of insecticides.
Environmental Categories and Issues
This is a Category B project according to IFC’s Environmental Review Procedures. Key issues associated with this project include waste disposal, pesticide handling and application, dust emissions, general employee safety and training, and fire protection. The sponsor has submitted a management plan addressing the issues listed above.
Date SPI sent to PIC September 7, 1995
For additional Information contact: Corporate Relations Unit - telephone (202) 473-7711 - facsimile: (202) 676-0365.
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Project Name Uganda-Agro Management Limited
Region Sub-Saharan Africa
Sector Agriculture
Project No 004120
Projected Board Date September 15, 1995
Company Name Agro Management Limited
Technical Partner and/or Major Shareholders
The project does not have a technical partner. Its shareholders are: Agro Management Group (US) Incorporated: 39%
Development Finance Corporation of Uganda (DFCU): 28%
East Africa Development Bank (EADB): 11%
International Finance Corporation (IFC) 22%
Project Cost including proposed IFC investment
US$ 3.5 million equivalent
Proposed IFC investment: US$600,000 loan and US$400,000 equity
Location of project and Description of site
Located in Kabale, South-Western Uganda
Description of Company and Purpose of Project
A new Company formed specifically to develop the pyrethrum project. The project will produce 25% crude pyrethrum extract (a natural insecticide) from dried pyrethrum flowers grown by smallholder farmers in Southern and Western Uganda. The outgrower scheme, which will involve 10,000 farmers at full production, is expected to produce more than 1,450 tons of dried flowers. The project''s plant will process these dried flowers into 70 tons of 25% crude pyrethrum extract which will be exported to the US and Europe for use in the manufacture of insecticides.
Environmental Categories and Issues
This is a Category B project according to IFC’s Environmental Review Procedures. Key issues associated with this project include waste disposal, pesticide handling and application, dust emissions, general employee safety and training, and fire protection. The sponsor has submitted a management plan addressing the issues listed above.
Date SPI sent to PIC September 7, 1995
For additional Information contact: Corporate Relations Unit - telephone (202) 473-7711 - facsimile: (202) 676-0365.
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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