Grainpulse (IFC-41951)

Countries
  • Uganda
Geographic location where the impacts of the investment may be experienced.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
GRAINPULSE LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 24, 2019

Disclosed by Bank Jun 19, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project involves US$ 11million A loan investment into Grainpulse Limited (hereafter, referred to as “the company” or “Grainpulse”). Grainpulse engages in coffee and grain processing, storage and trading; maize flour milling; feed milling and fertilizer blending and distribution. Grainpulse was originally a 100% subsidiary of Savannah Commodities and became a joint venture (JV) with K+S AG (a German supplier of potash, magnesium and salt) in September 2018. The investment will be used for the expansion and completion of a maize mill, animal feed mill, the 20,000MT grain storage facility as well as for incremental working capital financing that will support the coffee, grain and fertilizer blending businesses. The coffee handling and processing facility is located at the company’s head office, plot 8, Nyondo close, Bugolobi in Kampala - Link Bugolobi Facility Kampala whereas the fertilizer blending, maize milling and grain handling and trading facilities are located in Lwanyonyi, Mukono Link Mukono Facility along the Kampala – Busia Road.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Contact Person: Hannington Karuhanga

Company Name: Grainpulse Ltd

Address:  Plot 6/8 Nyondo Close, Industrial Area, Bugolobi, Kampala

Email: hk@grainpulse.co.ug and info@grainpulse.co.ug

Phone: +256392174758

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/

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