[unknown investor] #44532
Created at
2022-10-23
Last update
2022-12-21
Involvements (2)
ID
Name
Elite Agro LLC
Country of registration/origin
United Arab Emirates
Relationship
Parent company
Investment type
Shares/Equity
Comment
Elite Agro LLC is an agricultural company based in Abu Dhabi in the United Arab Emirates
ID
Name
African Development Bank (AfDB)
Country of registration/origin
Côte d'Ivoire
Classification
Multilateral Development Bank (MDB)
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
24 000 000
Comment
In May 2022, a "loan agreement of $2.4 million to finance the feasibility study of the Agricultural Development Pole project on the right bank of the Bas-Mangoky delta" was signed between the Malagasy State and the AfDB group (6) . This loan, explicitly concerning the agropole intended for Elite Agro
Deals (Involvements as Operating company) (1)
ID
Target country
Madagascar
Intention of investment
Food crops
Current negotiation status
Failed (Negotiations failed)
Deal size
60 000 ha