JAT Africa (IFC-45814)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ghana
  • Nigeria
  • Tanzania
  • 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
Approved
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."
Voting Date
Jun 29, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Jubaili Holding for Investments SAL
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 35.00 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.
Project Cost (USD)
$ 35.00 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 Dec 13, 2025

Disclosed by Bank Feb 25, 2022

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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.

According to the Bank’s website, the project consists of senior loan package up to USD35 million (mn) to Jubaili Holding for Investments SAL, the holding company of a leading importer, distributor and formulator of agrochemicals in Africa (the “Group”). The Group was established in 2002 by the Jubaili Family in Nigeria and expanded its geographical footprint to Ghana (2014), Uganda (2015), Tanzania (2016) and Kenya (2017). As of June 30, 2021, the Group employs over 2,300 people and sells to over 3,000 retailers, wholesalers, farmers and dealers through 80 outlets in the five operating countries. Jubaili’s investment plans include (i) capacity expansion plans in Nigeria, Ghana, Uganda, Tanzania and (ii) permanent working capital needs (the Project).

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

The cost of the Project is estimated at USD35mn and IFC will support with a USD35mn senior loan. IFC’s financing will be used to support the Group’s expansion and working capital needs in Nigeria, Ghana, Uganda and Tanzania. 

Private Actor Relationship
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Jubaili’s main shareholders are three siblings: Rajab Jubaili, Wissam Jubaili and Lara Jubaili with 40%, 40% and 20% shareholding respectively.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Jubaili Holding for Investment SAL and its subsidiaries (“Jubaili Agrotec” or the “Group”, http://www.jubailiagrotec.com/) is a leading importer, formulator/manufacturer and distributor of agrochemicals in Africa, including over 130 crop protection products (CPPs), to farmers, retailers, and other value chain players. The product portfolio includes crop protection products (i.e., insecticide, herbicide, fungicide), animal feed, veterinary drugs, fertilizer and sprayers and seeds. It reaches over 50,000 farmers and has c. 40 warehouses and over 100 retail depots.

Jubaili business was originally founded in Lebanon in 1944. The Jubaili Agrotec Group branched out their operations into Africa from the family’s Lebanese business and established in Nigeria in 2002 with distribution operation and started manufacturing operations at two facilities in 2019 – in Ibadan and Kano in the manufacturing of CPPs and veterinary drugs. Both facilities are operated by a subsidiary – Global Alliance for Chemical Industry Limited (GACI) Nigeria and are semi-automated. The Ibadan facility is involved in formulation and filling of CPPs (i.e., Glyphosate and Paraquat) while the Kano facility is mainly focusing on equipment assembly (CPP sprayer). The Group imports the pesticides, inputs raw materials (i.e. active ingredient), resins; and locally purchases packaging materials like high density polyethylene (HDPE) for polyethylene terephthalate (PET) production.

The Group has expanded its geographical footprint for the distribution and sale of its products in Ghana (2014), Uganda (2015), Tanzania (2016) and Kenya (2017). As of September 2021, the Group employs over 2,300 workers in five operating countries. The Group has separate subsidiaries for distribution, formulation / manufacturing and procurement in various countries.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Jubaili Agrotec Group Parent Company -

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.

Jubaili Holding for Investments SAL
Vicken Sarkissian
CFO
+961 7 727022 ext. 305
vicken.sarkissian@jubailiagrotec.com
Maarouf Saad Blvd - Saida – Lebanon
http://www.jubailiagrotec.com/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works