Client:

Consolidated Farming Limited

Date:

• Project Loans: 2001, 2003, 2006
• Trade Finance : 2006, 2008, 2011, 2013, 2015

Location:

Zambia

Sector:

Agri-Business

Project Type:

Expansion

Amount:

• Loan 1: US$ 8.25 million
• Loan 2: US$ 750,000
• Loan 3: US$ 8.25 million
• Trade Finance 1: US$ 3 million
• Trade Finance 2: Renewal: US$ 6 million
• Trade Finance 3: Renewal: US$ 5 million
• Trade Finance 4: US$ 2.5 million
• Trade Finance 5: US$ 2.5 million

Services:

• Asset Financing
• Long-term Project Financing
• Structured Trade & Commodity Financing

Description:

Consolidated Farming is a sugar mill located in Zambia. Through TDB’s financing, the company expanded its production capacity of 1,500 to 2,500 tonnes per day.

Impact:

The project contributes to the economy of Zambia by producing sugar locally, thereby making significant foreign exchange savings in regard to the foreign exchange that would have to be utilised to finance the sugar imports.