Summary of Proposed Investment
Project Number
9847
Company Name
AAA Growers
Date SPI Disclosed
Aug 25, 1999
Country
Kenya
Industry
Agribusiness and Forestry
Status
Completed
Sector
Fruits and Vegetables
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : Sep 24, 1999
Signed : Oct 7, 1999
Invested : Feb 1, 2000
Project Description
Summary Of Project Information (SPI)
Project Name Kenya – AAA Growers
Region Sub-Saharan Africa
Sector Food and Agribusiness
Project No 009847
Projected Board Date September 30, 1999
Company Name AAA Growers Limited
Technical Partner and/or Major Shareholders
AAA Growers Limited is owned by Messrs. Ariff and Amin Shamji. The two are cousins and come from a family that is successful in the construction business.
Project Cost Including proposed IFC investment
Total project cost: $1,120,000. IFC loan: an A loan of $500,000
Location of project and Description of Site
50 hectares of uncultivated land at Mitubiri City in Thika District, 50 km from Nairobi.
Description of Company and Purpose of Project
AAA Growers Ltd. is a greenfield venture to produce and export French beans. The project involves:
- the purchase of 50 hectares of land;
- planting 36 hectares of French beans;
- installation of an irrigation system; and
- construction of a packhouse, cold store and staff housing.
The beans will be harvested, cleaned, packed for export and transported by road to Nairobi Airport for shipment to the European Union (EU) market.
Environmental Category and Issues
This is an environmental and social review category B project. Issues associated with this project include:
- land use and impacts on wildlife;
- integrated pest management;
- pesticides handling and application;
- water supply and impacts on other users;
- waste disposal;
- plant hygiene and inspections;
- protective equipment and training;
- use of CFCs; and
- general employee safety and training.
The site is a former cattle ranch and no people will be displaced by the project. The farm borders and will take irrigation water from the Ganami Dam Reservoir, which was built by the previous owners on the Nginyi River. An independent review found only minor impacts to water supply and hippo habitat. AAA is implementing an Integrated Pest Management (IPM) strategy, and any chemicals used will comply with local laws and World Bank guidelines. A Training Program is being established with respect to safety and hygiene and protective clothing and safety equipment will be provided to all employees. Wash waters from the processing operation and domestic sewage will be disposed via a soakpit and septic tanks. Non-biodegradable wastes will be landfilled in a secure fenced area. Chemical containers will be incinerated to prevent reuse. No children will be employed in any part of the operation. All cold storage equipment will be CFC-free and fuel storage tanks will be provided with secondary containment.
The Environmental Review Summary is available from the InfoShop.
Host Country location of At the Local Chief’s Office in Environmental Documents Mitubiri.
Date SPI sent to InfoShop on August 25, 1999
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information Contact: Corporate Relations Unit
Telephone: (202) 473-7711
Fax: (202) 974-4384
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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