The proposed investment will support the Group’s capacity expansion in Malawi and Kenya. Global Tea’s macadamia and coffee plantations are located in Ngapani, Chilape, and Mapanga in Malawi, and tea packing facilities are in Mombasa, Kenya. The Group plans to plant additional 600 hectares of macadamia across Ngapani and Mapanga plantations, and replant 300 hectares of the existing 600 hectares coffee across Ngapani, Chipale and Mapanga plantations in Malawi.
The proposed investment is up to US$8 million senior secured loan, comprised of up to US$4 million each from IFC and the Global Agriculture and Food Security Program (“GAFSP”), to Global Tea & Commodities Ltd. and five of its subsidiaries: namely, Global Tea & Commodities (Kenya) Ltd., Gold Crown Foods (EPZ) Limited, Gold Crown Beverages (Kenya) Ltd., Global Tea & Commodities (Malawi) Ltd., and Sable Farming Company Ltd. (together “Global Tea” or the “Group”).
Global Tea is an agribusiness group with macadamia and coffee plantations in Malawi, as well as tea sourcing business and tea packing facilities in Kenya. Global Tea is majority (86%) owned by the founder Mr. Nadeem Ahmed and his family who started the Group in the United Kingdom in 1992.
Global Tea & Commodities Ltd.
Mr. Michael McBrien
Group Finance Director
+44 207 500 7610
Global Tea & Commodities Ltd., First Floor, 78 Whitefield Street, London W1T 4EY, United Kingdom
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