According to bank provided information, the proposed investment is a USD 15mln senior secured loan to BIG, to finance the capital expenditure in Malawi, Mozambique, and Tanzania (the "Project"). The proceeds will be used to build additional processing plants and warehouses, increasing value addition in origin countries and meeting increasing demand for food.
Bajrang International FZC (“BIG”) is an agricultural value chain, storage units, processing player in Africa for various agricultural commodities. Founded in 2009, the operations started in Malawi and has now expanded to Mozambique, Tanzania, Nigeria, Zambia, and United Arab Emirates. The activities of the Group are organized under 3 core business clusters: (1) Agro Commodities (sourcing, processing, and distribution for domestic sales and export), (2) Packaging (manufacturing of packaging bags for crops), and (3) Construction (engineering and construction). BIG owns and manages 13 processing plants, 112 warehouses and satellite centres. It engages over 200,000 smallholders and creates over 2,000 local jobs.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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*Contact information not provided at the time of disclosure*
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