According to bank documents, the objective of the project is to provide a 7-year loan (including a 2-year grace period) of up to USD 8.25 million to support the expansion of Olivine's consumer product lines (margarine, cooking oil and tomato sauce) and increase its local production while using the vertically integrated business model to develop local tomato and soybean production.
The present project is a senior secured loan to Olivine Industries Limited to finance the main investments of its 7-year expansion and modernization program (2019 to 2026). This program, the total cost of which is estimated at US $ 22.58 million. Olivine Industries Limited is one of the largest consumer goods companies in Zimbabwe, its main products being cooking oil, margarine and soap.
|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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