EcoFarmer (IFC-603135)

Countries
  • Zimbabwe
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
Active
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 28, 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
Econet
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Technical Cooperation
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)
$ 0.78 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 13, 2018

Disclosed by Bank Jul 23, 2018

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Project Description

As part of IFC's support to EcoFarmer - an initiative of Econet Wireless Zimbabwe Limited, the largest private sector mobile network operator in Zimbabwe - to develop a proof of concept and pilot a mobile accessed, e-commerce platform for farmers and agri-input suppliers, IFC will provide support in a few key areas, including: a strategy/diagnostic exercise complemented by financial modeling, data analytics and market research, technology support and lastly marketing and customer acquisition.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

*Contact infoirmation not 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/