BACKGROUND INFORMATION DOCUMENT (BID) FOR THE PROPOSED CASHEW NUT PROCESSING PLANT BOKE, GUINEA ESIA 

 

Project Title; Cashew nut processing plant Boké, Guinea, ESIA 

 

Project Location; The project is Located at Boké, Republic of Guinea

 

About the Project

• DAI’s finished products are unflavoured cashew nut kernels of different calibers that are vacuum-packed into 21-kilogram boxes[1] and shipped to Asia (Vietnam, Turkey) in 20-feet containers. The raw cashew nuts that will be processed into kernels will be sourced from licensed brokers and smallholder farmers in the Boké region.

 

• It is planned that the new plant will employee up to 500 FTE and 80% of women employees. A condensed version of DAI’s current organogram is provided in Appendix for reference. The Boké plant will have similar organisation under the leadership of the current HQ staff (individuals in the grey boxes in Appendix).

 

• Management estimates the total cost of the Project at $9.8m including a working capital requirement of $4.0m. The proposed DFC funding will be used for plant construction, equipment purchase, and working capital and contingencies.

 

• DAI has retained Societe de Gestion Immobilière et de Construction (« SOGICO ») for the construction of the plant. SOGICO is a Guinea-based company with 15 years of experience in construction and civil works; DAI had also retained SOGICO for the construction of its first plant. Processing equipment will be sourced from Mekong Technology Vietnam or a peer company offering similar cashew processing equipment. DAI expects the construction of the plant to take 12 to 18 months.  

 

• The Boké region has a total population of 1.3 million and a poverty rate of 51.5% . The project has potential for high development impact by supporting the livelihoods of approximately 1,000 smallholder farmers as well as industrialisation in Guinea, a low-income country with GNI per capita of $1.020 (2020) and a poverty rate of more than 40%.

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The DAI's Value Chain                                                                                      

Sourcing of Raw Cashew nuts, processing into kernels and export

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Project Components

• Cashew nut processing

• Capacity: 10,000 metric tons per annum at each location

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The Performance Standards (PS) relevant to the Project are: 

 

PS1: Social and Environmental Assessment and Management Systems. 

PS2: Labor and Working Conditions. 

PS3: Resource Efficiency and Pollution Prevention.

PS4: Community Health, Safety and Security. 

PS5: Land Acquisition and Involuntary Resettlement. 

PS6: Biodiversity Conservation and Sustainable Management of Living Natural Resources. 

PS8: Cultural Heritage.

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