Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking, Investment, Insurance(Banking & Investments)
Filter PR by
  

Nimai Facilitates Impact Financing for Kadat Food and Beverages (SL) Limited in Sierra Leone with IFC

 
Nimai Facilitates Impact Financing for Kadat Food and Beverages (SL) Limited in Sierra Leone with IFC

Nimai, a leading corporate finance and transaction advisory firm, has successfully facilitated a complex transaction between the International Finance Corporation (IFC) and Kadat Food and Beverages (SL) Limited. This deal secures a loan for the Sierra Leonean soft drinks and fruit juices producer, enabling the company to boost productive capacity, create employment opportunities, and strengthen local agriculture value chains by sourcing more from local farmers. The loan is financed by IFC along with the Private Sector Window of GAFSP, the Global Agriculture Food and Security Program.

Kadat Food and Beverages, which operates Sierra Leone's largest automated beverage plant, will use the financing to increase fruit sourcing from local farmers. The expansion is expected to create numerous jobs throughout the agriculture value chain, significantly contributing to the nation's agricultural sector.

Nimai’s efforts in securing this impact financing will boost local manufacturing and import substitution, positively impacting the local economy.

'IFC's investment gives us the long-term financing needed to build our capacity, serve the growing domestic market, and develop a robust supply chain for a sustainable business,' said Kishore Kumar Parwani, CEO of Kadat Food and Beverages.

Atul Nijhawan, Managing Director of Kadat Food and Beverages, added, 'This is an exciting milestone for us. We look forward to executing our expansion plans with IFC’s investment, which will significantly contribute to the local economy’s growth.'

Nisarg Dugad, Nimai’s Managing Partner, who led the transaction, commented, 'We are pleased to support Kadat Food and Beverages in this transformative impact driven project. This financial closure underscores our ability to deliver unique solutions for projects across Africa.'


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 8922 times
PR Category : Banking & Investments
Posted on : Thursday, August 29, 2024  4:18:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : EGA posts solid first-half financial performance amid sustai...
Next Story : Emirates REIT Reports 19% year on year increase in h1 2024 O...
Email this article Print this article

Share this article with your friends and followers
NewsVine
 
 
Most Viewed Press Release posted in the last 7 days
essence Products That'll Make You Go WOW! [53890-Views]
Make Every Moment Magical with Catrice – Own Your Blush, Own Your Magic! [49934-Views]
Mazoon Dairy Receives Prestigious FSSC 22000 V6 Certification: A Milestone in Food Safety ... [38458-Views]
Wfp launches emergency food operation to reach one million people affected by the conflict... [22903-Views]
Agreement on Principles for Use of Aircraft Operational Data [14973-Views]
Riyadh welcomes first refurbished Emirates Boeing 777 [13801-Views]
Ajmal Perfumes Unveils New Luxury Fragrances in the UAE [12714-Views]
Al Masaood Automobiles Renault Expands Its Model Lineup with The New Renault Arkana [9828-Views]
NBA Abu dhabi games 2024 presented by adq to feature largest JR NBA week ever in the Middl... [8220-Views]
Investments in the future of aerospace and space set to be showcased at the Global Aerospa... [8147-Views]
Revolutionize your kitchen convenience with LG's built-in Microwave Oven [8114-Views]
Shifting Travel Patterns and Sustainable Aviation Take Centre Stage on Final Day of Global... [7683-Views]
Homegrown detox & wellness brand, Go Organic, helps clients drop 5kgs in just 20 days with... [7589-Views]
Abu Dhabi Makes Waves with the World's Highest Skydive-to-Surf Jump [7564-Views]
EGA offers jobs to more than 150 young UAE Nationals at Ru'ya Careers UAE [6974-Views]
Nahyan bin Mubarak honours contributions of healthcare leaders at 3rd annual Healthcare Le... [6900-Views]
Yas Island, Abu Dhabi Becomes The Heart Of Indian Cinema As It Plays Host To The Epic IIFA... [6462-Views]
Discover SHEGLAM's Spellbinding Crimson Butterfly Collection [6371-Views]
Tawam Hospital Achieves Breakthrough in Kidney Stone Treatment with Thulium SuperPulsed La... [6199-Views]
Evaluation Process Begins for Hamdan-ALECSO Award for Distinguished Educational Research 2... [6121-Views]
Dr. Libero Oropallo: The Geneticist Redefining Rare Disease Treatment [5982-Views]
EDGE Signs Letter of Intent with Azerbaijan Ministry of Defence [5982-Views]
IIFA rocks 2024: a spectacular finale to the IIFA festival 2024 [5830-Views]
Full field for Dubai Sports Council's basketball tournament [5683-Views]
Emirates and the Museum of the Future announce speaker line up and agenda for first ever A... [5465-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories