MIGA PLOTS GUARANTEE FOR UGANDA COCOA FACTORY
November 1st, 2010
BY KEITH NUTHALL
THE MULTILATERAL Investment Guarantee Agency (MIGA) of the World Bank is planning to guarantee a US dollar USD2.1 million investment in Uganda by Italian chocolate producer Icam. This would fund the building of three cocoa processing plants, operated by subsidiary Icam Chocolate Uganda Limited in three cocoa-producing regions. Assuming its board formally agrees, MIGA would guarantee the investment for six years against transfer restriction, expropriation, war and civil disturbance. A MIGA note said Icam Uganda would use state-of-the-art drying ...
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