Uganda
Impala Commodities
$1.7 million
Agribusiness
Project Brief
Not Active
MIGA issued two guarantee contracts totaling $1.7 million to France Commodities, S.A. (FRACOM), a French company, for its joint venture in Uganda. The project enterprise (Impala Commodities, Ltd.) will clean, grade, and bag high-quality coffee beans for export to Europe. The project will benefit Ugandan coffee producers, because it will increase competition in the local market. FRACOM's investment will create about 30 jobs, and will provide technical training for all employees. MIGA's guarantees will cover the risks of expropriation and war and civil disturbance.