Silverlands Tanzania Limited (DFC-2018-SILVERLANDSTAN)

Countries
  • Namibia
Where the impacts of the investment may be experienced.
Specific Location
Aussenkehr
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
SilverStreet Private Equity Strategies Soparfi
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 34.47 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 13.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 38.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 20, 2020


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Project Description

According to bank documents, SilverStreet Private Equity Strategies Soparfi (the “Investor”) has invested or will invest $38.3 million of equity and shareholder loans into SVL, a wholly-owned portfolio company, which has been used to purchase, expand, develop and operate table grape vineyards in Aussenkehr, Namibia.

SVL purchased (i) two existing vineyards, referred to as Nivex and Nagrapex, which cover approximately 198 hectares; and (ii) approximately 177 hectares of land, referred to as Golf, to be developed into vineyards. SVL intends to expand the total area of vineyards to approximately 350 hectares and carry out improvements to infrastructure. SVL will grow, harvest, pack, and market table grapes for export.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

SVL is located adjacent to the Orange River, which borders South Africa, and is 620 km north of Cape Town, South Africa and 650 km south of Windhoek, Namibia. 

Contact Information

*Contact information not provided at the time of disclosure*