MULTINATIONAL - Dal Group Company Limited (Phase II)


Project Summary

Approval Date 16 Nov 2022
Sovereign / Non-Sovereign Non Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 32161
Commitment U.A 76,054,881.2
Status Approved

Project General Description

The project comprises phase-II of DAL Group’s long-term investment and regional expansion program with a focus on its integrated food and agriculture operations and growing the company’s regional agro-industrial network.

Project Objectives

The Project has a strong focus on low income countries, Transition states, and challenging regional markets and will contribute in building resilience through regional trade, cross-border infrastructure, job creation, industrialization, agricultural transformation, and in improving local livelihoods. It provides an opportunity for the Bank to partner with an experienced private sector actor to go in to challenging markets that would otherwise be difficult to serve. It will contribute to (a) boost private sector development in these countries, (b) promote regional trade and integration across challenging regional markets, and (c) enhance resilience against key drivers of fragility at national and regional level. The project is therefore consistent with the Bank’s strategic priorities (High-5s), the TYS (2013-2022) as well as the regional development objectives and key cross cutting themes of the RISPs for Eastern and Central Africa.

Beneficiaries

Development outcomes are mainly expected from (i) Household benefits through the creation of jobs; and (ii) regional integration through regional trade and infrastructure enhancements, (iii) local/regional economic resilience arising from foreign exchange earnings and savings; (iv) government and fiscal effects through incremental revenues accruing to governments, and (v) building resilience against social, environmental, and economic drivers of fragility at national and regional level. The investments in value chain transformation will provide a more direct route to market for small farmers and increasing the incomes to local producers.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-Z1-AAG-043
Last Update 01 Feb 2023

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Multinational