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WADI is primarily active in the production of poultry and poultry feed. Since 2009, the group has diversified significantly based on synergies with its core business activities. Accordingly, the group moved into container glass manufacturing, olive growing and agriculture. This project will help WADI continue its expansion, notably through the construction of a tomato concentrate production plant, the development of its agricultural business and the construction of a second poultry feed plant.

This operation consolidates an existing partnership between WADI and PROPARCO, initiated by a $US 3m stake in WADI equity in 2009. The senior loan will enable the group to diversify its long-term sources of financing, not adequately available on the local market.

"In the current political and economic climate, investment needs in Egypt and more particularly in the agro-industry sector, are huge. PROPARCO is proud to support a major agro-industry player supplying top-quality food products to the local market. Its exemplary management of health, environmental and social issues makes it a partner of choice", explains Marie-Hélène Loison, Deputy CEO of PROPARCO. WADI contributes to disseminating high standards in food safety, especially with regard to limiting the spread of bird flu, by supplying healthy chicks to farmers and providing veterinary support.

“For us, this loan is a real vote of confidence from PROPARCO in light of our performance and expansion plans. It will endorse our desire to pursue our growth strategies in agriculture, poultry and other industries. PROPARCO’s financing will enable us to implement new production projects that will help uplift the Egyptian economy as it will help us create more job opportunities for Egyptian people », states Musa Freiji, Chairman of the Board of WADI. The group, which employs more than 3,700 people, has a considerable impact on local employment. Its expansion plan should help create further 2,000 jobs by 2014.

ABOUT

PROPARCO is a Development Finance Institution jointly held by Agence Française de Développement (AFD) and public and private shareholders from the North and South. Its mission is to catalyze private investment in emerging and developing countries with the aim of supporting growth, sustainable development and the achievement of the Millennium Development Goals (MDGs). PROPARCO finances investments that are economically viable, socially equitable, environmentally sustainable and financially profitable. PROPARCO is one of the main bilateral development finance institutions in the world. It invests on four continents encompassing the major emerging countries and the poorest countries, particularly in Africa, and has a high level of requirements in terms of social and environmental responsibility.
www.proparco.fr

The Maris Africa Fund takes majority stakes in SMEs in the upstream phase of development in sub-Saharan African post-conflict countries and border economies. The average size of its investments ranges between US$0.25M and US$1.5M. They target a wide range of activities, including the transport, infrastructure, telecoms and hotel sectors. PROPARCO joined the investment round in 2010 with a US$3.5M equity investment.

These two funds, created in 2010 on SEAF’s initiative, plan to co-invest up to US$ 75m in the Indian agro-food and agro-industry sector over the next 9 years.The investments, averaging from US$ 2 to 7m, target high potential agricultural SMEs, present throughout India and notably in remote rural areas. The Fund, managed by SEAF India Management Company, positions itself on a broad spectrum of activities relating to the food value chain. Apart from plant and animal processing activities, SEAF plans to invest in companies operating in the areas of equipment and logistics - all with the objective of accelerating the value of Indian agribusiness.

The Kribi power project, located in the southern province of Cameroon, consists of a 216 MW natural gas-fired power plant and a 100km double circuit transmission line of 225 KV. It is to be implemented as a public-private-partnership between the Government of Cameroon and the AES Corporation (USA), who own 44 and 56 % of the company respectively. The project will run on natural gas supplied from the offshore Sanaga South gas field, triggering the first commercial development of Cameroon’s substantial gas reserves. Those reserves have the potential to complement the country’s oil supplies and the development of its vast hydropower resources.

The two solar plants are expected to produce 80 GWh a year, enough electricity to supply 80,000 people.(1) Project construction will generate over 160 direct jobs amongst the local population. The plants are expected to be connected to the national grid by the second semester of 2012.

The total capital expenditure for the two centrals is over $165m. The Overseas Private Investment Corporation (OPIC), a US government agency promoting sustainable US investment abroad, will provide up to $131m in senior debt, partially guaranteed by Assured Guarantee, a US credit insurance company. The Netherlands’ FMO and France’s PROPARCO will lend up to $14.3m in mezzanine debt.

« This solar photovoltaic project will contribute to diversify the energy mix in Peru and reduce greenhouse gas emissions by 40000 teq C02 per year. PROPARCO is proud to participate to this large-scale initiative, alongside OPIC and FMO, in a region with a growing energy demand ” explains Marie-Hélène Loison, Deputy CEO of PROPARCO.

Latin America is an important target market for T-Solar. Given the region’s high level of solar irraditaion and in the context of an increasing focus on energy transition and renewable energy, T-Solar expects the continent’s strongest economies to provide interesting oportunities in the photovoltaic sector in the next 5 years.

ABOUT

PROPARCO is a Development Finance Institution jointly held by Agence Française de Développement (AFD) and public and private shareholders from the North and South. Its mission is to catalyze private investment in emerging and developing countries with the aim of supporting growth, sustainable development and the achievement of the Millennium Development Goals (MDGs). PROPARCO finances investments that are economically viable, socially equitable, environmentally sustainable and financially profitable. PROPARCO is one of the main bilateral development finance institutions in the world. It invests on four continents encompassing the major emerging countries and the poorest countries, particularly in Africa, and has a high level of requirements in terms of social and environmental responsibility.
www.proparco.fr

T-Solar is a major independent producer of photovoltaic solar energy world-wide. A subsidiary of the Isolux Corsan Group, it has 173 MWp installed capacity already online in 43 plants located in Spain (34), Italy (8) and India (1), plus a further 55 MW under construction in India and Peru. Its solar photovoltaic plants generate over 250 GWh a year. This is equivalent to the average electricity consumption of a town with 51,000 households. T-Solar earned revenues of €110.2m in 2010. The company's 2010 business plan had a total capex of €1.16 bn. Its factory in Orense (Galicia, Spain) produces the largest PV modules in the market (5.7m2) using amorphous hydrogenated silicon thin-film technology to reduce costs and boost performance ratios. The factory is fully automated and fitted out with leading-edge technology. It has an output capacity of 50 MW a year, equivalent to 700,000 m2 of solar panels. 
www.tsolar.com

The agribusiness sector is an engine of growth, thanks to the country’s abundant natural resources, combined with its sound public policies and favorable business climate. This sector accounts for over a third of national GDP and almost 40% of employment. It also provides essential functions for food and energy supply through its ethanol production.