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Agro-industry: JIL and SFI sign a loan agreement for $23.3 million

07/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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In a press release published on 5 June, the agri-food group Johnvents Industries Limited (JIL) signed a $23.3 million loan agreement in Nigeria with the International Finance Corporation (IFC).

Le prêt de 23,3 millions $ au groupe spécialisé dans la transformation du cacao devrait permettre à l' entreprise d' agrandir son factory based in Ondo State et de doubler sa capacité de traitement de cacao à 120 tonnes par jour. 8,5 millions $ proviendront des fonds de la SFI, 6,3 millions $ du Mécanisme de financement en monnaie nationale (LCF) du groupe de la Banque mondiale while the rest will be provided by the private sector window of the Global Programme for Agriculture and Food Security (GAFSP). According to the press release, “this financing will also help the company replace the diesel generators and wood-fired boilers it currently operates with a new efficient power generation system that uses natural gas to produce electricity and thermal energy

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