Apetit (IFC-39993)

Countries
  • Kosovo
Where the impacts of the investment may be experienced.
Specific Location
Babimoc
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
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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
Jun 17, 2019
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
APETIT SH.P.K.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.50 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)
$ 8.10 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 @ IFC website

Updated in EWS Jul 5, 2019

Disclosed by Bank May 15, 2019


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Project Description

According to the Bank's website, the project provides finance to Apetit for the construction of a slaughterhouse, a cattle farm and solar panels to power its facilities. Apetit's facilities are located in Miloshev. The new farm will be in Babimoc. 

According to the Bank's Environmental & Social Review Summary, surrounding communities were consulted during the impact assessment for the new slaughter house and no objections were raised. 

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Apetit is a meat trader and processor in Kosovo. It is owned by the Ferizi family. 

Contact Information

Apetit: Apetit SHPK 
Fisnik Aliu 
Head of Administration in Skopje Office and Warehouse 
+389 71 29 34 69 ; +383 49 76 76 79 
fisnikaliu@apetitgroup.com 
Magjistrala Prishtine – Mitrovice km 11 Millosheve, Obiliq, Republic of Kosovo 
http://apetitgroup.com 

ACCOUNTABILITY MECHANISM OF IFC

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/