Original disclosure @ IFC website
Updated in EWS Jun 24, 2019
Disclosed by Bank Jun 19, 2019
Can you contribute information about this project?
Contact the EWS Team
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.
Contact Person: Hannington Karuhanga
Company Name: Grainpulse Ltd
Address: Plot 6/8 Nyondo Close, Industrial Area, Bugolobi, Kampala
Email: email@example.com and firstname.lastname@example.org
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/