Summary of Proposed Investment
Project Number
7051
Company Name
Complexe Avicole de Mvog-Betsi
Date SPI Disclosed
May 31, 1995
Country
Cameroon
Industry
Agribusiness and Forestry
Status
Completed
Sector
Poultry Farming
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Jun 30, 1995
Signed : Sep 1, 1995
Invested : May 3, 1996
Project Description
SUMMARY OF PROJECT INFORMATION (SPI)
Project Name Cameroon-Complexe Avicole Mvog-Betsi (CAM)
Region Sub-Saharan Africa
Sector Agribusiness
Project No. 007051
Projected Board Date June 26, 1995
Company Name Complexe Avicole Mvog-Betsi (CAM)
Technical Partner and/or Major Shareholders
The main sponsors are Mr. Youssoufa Siddiki, a Cameroonian businessman who owns a tannery in Maroua (Northern Cameroon), with 51% of the shares, and the Jourdain International Group (European partner from France) with a 34% shareholding in the Company. Mr. Robert Jourdain is expected to be the General Manager and his group would be the technical partner. The balance would be owned by various Cameroonian Investors.
Project Cost including proposed IFC investment
The project cost is estimated at US$1.5 million equivalent and IFC has been approached to provide a FF1.0 million (about US$0.2 million equivalent) loan.
Location of project and Description of site
In the vicinity of Yaoundé on a 1.2 hectare plot owned by the Company.
Description of Company and Purpose of Project
The project would rehabilitate henhouses, feeders, incubators, brooders and a feedmill, to produce about 1.3 million day-old chicks for chicken meat, 1.2 million day-old chicks for layers and 10,000 tons of chicken feed, on a yearly basis.
Environmental Categories and Issues
This is an environmental review category B project. Key environmental, health and safety issues associated with this project include liquid and solid waste disposal, CFC-free cold storage, water management, employee exposure to dust and noise, plant hygiene, fire protection, and general housekeeping concerns. The sponsor will be required to submit a management plan addressing the issues listed above.
The Environmental Review Summary is expected to be available on June 30, 1995 at the Public Information Center.
Date SPI sent to PIC May 31, 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 Cameroon-Complexe Avicole Mvog-Betsi (CAM)
Region Sub-Saharan Africa
Sector Agribusiness
Project No. 007051
Projected Board Date June 26, 1995
Company Name Complexe Avicole Mvog-Betsi (CAM)
Technical Partner and/or Major Shareholders
The main sponsors are Mr. Youssoufa Siddiki, a Cameroonian businessman who owns a tannery in Maroua (Northern Cameroon), with 51% of the shares, and the Jourdain International Group (European partner from France) with a 34% shareholding in the Company. Mr. Robert Jourdain is expected to be the General Manager and his group would be the technical partner. The balance would be owned by various Cameroonian Investors.
Project Cost including proposed IFC investment
The project cost is estimated at US$1.5 million equivalent and IFC has been approached to provide a FF1.0 million (about US$0.2 million equivalent) loan.
Location of project and Description of site
In the vicinity of Yaoundé on a 1.2 hectare plot owned by the Company.
Description of Company and Purpose of Project
The project would rehabilitate henhouses, feeders, incubators, brooders and a feedmill, to produce about 1.3 million day-old chicks for chicken meat, 1.2 million day-old chicks for layers and 10,000 tons of chicken feed, on a yearly basis.
Environmental Categories and Issues
This is an environmental review category B project. Key environmental, health and safety issues associated with this project include liquid and solid waste disposal, CFC-free cold storage, water management, employee exposure to dust and noise, plant hygiene, fire protection, and general housekeeping concerns. The sponsor will be required to submit a management plan addressing the issues listed above.
The Environmental Review Summary is expected to be available on June 30, 1995 at the Public Information Center.
Date SPI sent to PIC May 31, 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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