Skip to navigation Skip to main content Skip to site map

Projects

Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Ugacof Limited
Project ID
3027
Fiscal year
1999
Status
Not Active
Guarantee holder
Afriproduce Limited
Investor country
United Kingdom
Host country
Uganda
Sector
Agribusiness
Gross exposure
 $6.5 million
Project type
Non-SIP

MIGA issued two guarantee contracts totaling $6.5 million in coverage to Afriproduce Limited for its investments in a coffee processing facility in Uganda. MIGA insurance will cover the investment against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project enterprise, Ugacof Ltd., wholly owned by Afriproduce, has introduced cost-effective drying, cleaning, and processing techniques to produce coffee for export. Ugacof Ltd. has built a factory to process up to 500 tonnes of various types of green coffee daily. The facility is linked by rail to the ports of Mombasa and Dar-es-Salaam.

Local and foreign contractors participated in the construction of the plant, and local contractors were employed for the civil works, including shipment of the production output and construction of a railway siding to link the project to the existing railway network. Local families in the nearby villages will benefit from a 24-hour clean water supply from a new borewell and handpump provided by Ugacof.

German and Swiss companies provided the machinery and technical know-how to dry, grade, bulk, and bag the coffee beans. A North American company provided the coffee color sorter.

 
Apply for an Investment Guarantee
The World Bank Group logo