Budeca, Bugestal, Bucafe (MIGA-3526)

Countries
  • Burundi
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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.
Voting Date
Nov 28, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Sucafina Holding S.A., Millco Ltd. and Cofco Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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)
$ 5.60 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)
$ 5.60 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 @ MIGA website

Updated in EWS Dec 21, 2017

Disclosed by Bank Oct 28, 2016


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Project Description
This project will provide coverage of three companies that procure, process and export coffee beans in Burundi (Sucafina Holding S.A. of Luxembourg, Millco Ltd. and Cofco Ltd. of Mauritius) for their equity, shareholder loans and retained earnings invested in Budeca S.A., Bugestal S.A. and Bucafe S.A. (the Project Enterprises) also in Burundi. The project will support the existing operations of the three companies to continue to invest, upgrade and rehabilitate the Project Enterprises.
Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Private Actors
Contact Information
No contact details provided at the time of disclosure ACCOUNTABILITY MECHANISM OF MIGA The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/