Company
LON:DKL
Dekel Agri-Vision PLC is an agriculture processing, logistics and farming operation located in Côte d'Ivoire. The Company has a portfolio of projects at various stages of the development curve: a fully operational palm oil project in Ayenouan where fruit produced by local smallholders in addition to c.1,900 ha of company estates is processed at the Company's 60tn/hr crude palm oil mill; a large scale cashew processing project in Tiebissou, which is due to commence production in 2020; and a 24,000ha brownfield development site in Guitry which is being prepared for development.
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The additional cost will be £1.6mln that will be funded by a further share sale.
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Palm oil producer DekelOil is making good progress in refinancing a €6.9mln senior debt facility with the West African Development Bank, it said.
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The Côte d'Ivoire based palm oil firm sees production and revenue scaling up further through 2016.
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Production from the 51% owned Ayenouan palm oil project in the Ivory Coast rose by 56% like-for-like
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A loan for €8.69mln that was used to partly fund its Ayenouan palm oil plant has been replaced by a new €9.15mln, seven-year facility.
