Production 2024

Camimex - USD 15 million loan

Camimex Group Joint Stock Company (CMX) is one of Vietnam’s leading processors and exporters of conventional and premium organic shrimps. Established in 1977 in the Ca Mau province of the Mekong Delta, the company processes seafood, mainly shrimps, at three processing factories, with an annual capacity of 15,000t. The company sources organic shrimp from over 1,200 smallholder farmers across 6,300ha of integrated mangrove farms. CMX employs ~1,100 people directly. The facility finances expansionary capex to (i) construct a new processing factory (6,000), including cold storage and fast freezing systems, (ii) construct new organic hatcheries, (iii) working capital required for certifications and purchasing of organic shrimp. The capex forms part of a larger plan to (i) improve the incomes of ~7,200 smallholder farmers through organic certifications and supplying organic certified PLs, (ii) promote the sustainable management of up to 16,300 hectares of wetlands by promoting sustainable Silvo-aquaculture practices, which includes mangrove cover expansion.

Helios CLEAR - USD 10 million equity

The Helios Climate, Energy, Adaptation and Resilience Fund (“CLEAR”, “the Fund”) is a private equity fund being raised by Helios Investment Partners, a leading Pan-African PE firm. CLEAR is a Paris-aligned climate fund dedicated to securing a low-carbon growth trajectory for Africa. The Fund is an ‘article 9 Fund’ according to the Sustainable Finance Disclosure Regulation classification system. The Fund adopts a ‘climate first’ lens and is targeting dual climate benefits – both mitigation and adaptation – through investments in mid-cap businesses across five key themes (green energy solutions, climate-smart agribusiness, green transport and logistics, resource efficiency and climate enablers). The aim is to bring much needed growth capital to companies with meaningful climate mitigation and adaptation impact in Africa. The Fund will focus on growth capital investments in mid-cap businesses with high growth potential in the key themes noted above, alongside reliable and trustworthy partners. CLEAR’s return outcomes extend beyond capital appreciation, including seek to avoid and reduce carbon emissions, enabling sectors and populations to become more resilient and to adapt to climate change, improved ESG standards and performance, aligned to international standards and increased development impact that supports a wider stakeholder community.

Miro Forestry Development Limited - USD 1.07 million loan (2nd top-up)

Miro Forestry Developments Limited is one of the largest forestry companies in West Africa, operating plantations in Ghana and Sierra Leone. Total available land is ~48,000 ha and total planted area is c.21,000 ha. Miro develops and manages high quality, cost-competitive, FSC certified, fast growing industrial timber species (mainly: eucalyptus/acacia), and processes the harvested timbers into high value ready-made plywood, edged glued boards and utility poles for local and export markets. The aim of the top up is to fund the plywood mill ramping up process until Miro reaches cash flow positive.