Bakhresa

pending

The project includes construction and operation of a wheat grain bulk handling and short-term storage facility in the Port of Nacala, Mozambique. The Bakhresa grain terminal will be the first modern bulk handling facility in the Port of Nacala with a grain storage capacity of 40,000 tons. Major terminal elements will include metallic silos, intake, pre-cleaner, transfer, packing, bulk loading, and allied accessories and equipment. Less than 10% of the grain will be moved out of the terminal on trucks while the remainder will be transported by rail to Malawi. This storage facility will be an integral part of Bakhresa Grain Milling (Malawi) Limited, which in December 2003 assumed ownership and operation of the former Grain & Milling Company Limited (GRAMIL) from the government of Malawi in a privatization process. The two existing flour mills are situated in Limbe, situated approximately 5 Km from Blantyre, Malawi’s commercial city. Bakhresa Grain Milling Limited invested significantly in working capital, rehabilitation and expansion during the first year of operation. The principal investment was installation of an ultra modern 250 tons/day wheat milling plant. Supplemental IFC investment in the company could include financing for Limbe, Malawi and Dar Es Salaam, Tanzania milling operations.