Nimai, a leading corporate finance and transaction advisory firm, has successfully facilitated a complex transaction between the International Finance Corporation (IFC) and Kadat Food and Beverages (SL) Limited. This deal secures a loan for the Sierra Leonean soft drinks and fruit juices producer, enabling the company to boost productive capacity, create employment opportunities, and strengthen local agriculture value chains by sourcing more from local farmers. The loan is financed by IFC along with the Private Sector Window of GAFSP, the Global Agriculture Food and Security Program.
Kadat Food and Beverages, which operates Sierra Leone’s largest automated beverage plant, will use the financing to increase fruit sourcing from local farmers. The expansion is expected to create numerous jobs throughout the agriculture value chain, significantly contributing to the nation’s agricultural sector.
Nimai’s efforts in securing this impact financing will boost local manufacturing and import substitution, positively impacting the local economy.
“IFC’s investment gives us the long-term financing needed to build our capacity, serve the growing domestic market, and develop a robust supply chain for a sustainable business,” said Kishore Kumar Parwani, CEO of Kadat Food and Beverages.
Atul Nijhawan, Managing Director of Kadat Food and Beverages, added, “This is an exciting milestone for us. We look forward to executing our expansion plans with IFC’s investment, which will significantly contribute to the local economy’s growth.”
Nisarg Dugad, Nimai’s Managing Partner, who led the transaction, commented, “We are pleased to support Kadat Food and Beverages in this transformative impact driven project. This financial closure underscores our ability to deliver unique solutions for projects across Africa.”
About Kadat Food and Beverages (SL) Limited
Kadat Food and Beverages (SL) Limited is a producer of non-alcoholic beverages based in Freetown, Sierra Leone with an aim to provide bottled drinking water, fruit juices, and carbonated soft drinks to the local population. Launched in 2020 during the COVID-19 pandemic, the enterprise has gained significant market share, establishing its brand image in the market. Kadat Food and Beverages aspires to foster sustainable growth, promoting long-term business ties among the community with secure supply chain ties.
About Nimai Management Consultants
Nimai is a leading Corporate Finance & Transaction Advisory services firm with successful financial closures in 17+ countries across Africa, the Indian Subcontinent, and the GCC countries. The Corporate Finance team has advised clients across geographies on various complex fund-raising transactions. Our impact finance advisory targets projects globally that seek to drive equitable and sustainable economic transformation, demonstrating their positive effects while aligning with the UN’s Sustainable Development Goals (SDGs). For more information, visit http://www.consultnimai.com.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
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