SUPPORT TO GRAINE PROGRAM, COOPERATIVES AND FINANCIAL INCLUSION (AFDB-P-GA-AAG-003)

Countries
  • Gabon
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
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
Oct 27, 2017
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
OLAM International
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)
Loan
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 0.51 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 @ AFDB website

Updated in EWS Feb 26, 2020


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Project Description

The project aims to provide targeted training for farmers on better management of cooperatives and aware-ness building on the productivity of labour with a view to boost sector competitiveness. The project will have two components, (i) to build the capacities of 45 cooperatives and 2430 farmers involved in the cultivation of palm oil, banana, tomato, cassava and chilli; and (ii) the establishment of an electronic payments system to increase banking access rate and financial inclusion.

Therefore aims to improve the living conditions of farmers, and strengthening their managerial capacity between cooperatives and farmers.

(Source: from disclosure).

Investment Description
  • African Development Bank (AFDB)

Total cost: 716410
Currency: UAC

Source(s) of financing
FAPA: 716630.12

Private Actors

 

Contact Information

Task Manager: DIRABOU YAPI Eric, RDGC2 / no contact details provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.