• Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
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
Jul 12, 2016
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.
Base Titanium Ltd
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.17 MLN
Converted using 2017-12-25 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 9, 2018

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Project Description


Base Titanium Ltd. is a wholly owned subsidiary of Base Resources Ltd., an Australian Securities Exchange (ASX) and Alternative Investment Market (AIM) listed resources developer, with a portfolio of assets in Africa. Its leading project is the USD 305 million Kwale Mineral Sands Project in the South East of Kenya.


The aim of this project is to support local communities and strengthen their livelihoods, in this case, specifically through supporting the redevelopment of the cotton supply chain in Kwale County, Kenya. The broad intention of this initiative is to reinvigorate smallholder interest, technical capacity and, through time, the scale needed for the community to compete successfully in this global industry.


The project is highly aligned with FMO's strategy, particularly in terms of economic and inclusive development. In addition, agriculture is a core sector for FMO, and although in this instance the core client is a mining company, this project represents a very good opportunity to contribute to supporting smallholder farmers in a value chain that is very important to the Kenyan and East African economy.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

South Africa
+27 11 507 2500



Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: