📋 Tender Overview
Project Number: 49068
Company Name: Sierra Leone Flour Mill Limited
Date SPI Disclosed: May 20, 2024
Country: Sierra Leone
Region: World
Projected Board Date: Jun 20, 2024
Environmental Category: B
Status: Pending Approval
Department: Regional Industry - MAS Africa
Industry: Agribusiness and Forestry
Sector: Grain Processing (Milling, Starch, Flour, Malt)
Additional Project Attributes: Blended Finance
Project Description
The proposed investment is an up to US$12 million loan to Sierra Leone Flour Mill Limited ( SLFM or the Company ) guaranteed by BSB International Limited ( BSB or the Guarantor , together with SLFM referred to as the Group ) to support SLFM’s US$19.2 million project for the expansion of its (i) milling capacity from 150 metric tons (MT) of wheat per day to 450 MT and (ii) storage capacity from 8,400 MT to 28,400 MT at its factory located in Cline Town, Freetown, Sierra Leone (the Project ). The Project may be supported by the Canada-IFC Facility for Resilient Food Systems (Canada FRFS ), subject to obtaining the necessary internal approvals, as described in the Blended Finance section.
Total Project Cost and amount and nature of IFC's Investment: The total project cost is US$19.2 million. The proposed investment is a US$6 million IFC A Loan and a US$6 million concessional loan from Canada FRFS.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
