Kirene Dairy (IFC-603131)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Senegal
Where the impacts of the investment may be experienced.
Specific Location
Kirene
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Bank Risk Rating
U
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
May 11, 2018
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.
Borrower
Republic of Senegal
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 0.65 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 25, 2019

Disclosed by Bank May 24, 2018

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Project Description

According to IFC website, the IFC Advisory Services has helped Kirene with a supply chain strategy that proposes a phased approach to: 1) building the capacity of the Company’s dairy team to manage its supply chain; 2) strengthening Good Agriculture Practices (GAP) including food safety practices at both commercial and smallholder farms; 3) helping professionalize farmer cooperatives; and 4) supporting L'Association Nationale pour l'Intensification de la Production Laitiere (ANIPL) and its 100-member commercial farms to professionalise. It aims to: 

1. To strengthen to manage its supply chain

2. To improve farm and herd management

3. To strengthen to run as professional business entities.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Kirene -- Implementing Company
Contact Information

No contact information provided at the time of disclosure. 

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/