Grainpulse (IFC-41951)

Countries
  • Uganda
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
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
GRAINPULSE LIMITED
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 Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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

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
  • International Finance Corporation (IFC)
Contact Information

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/