Groupe AMI

completed

Grands Moulins du Mali (GMM or the Borrower), a wheat flour and rice milling company, and Société des Eaux Minérales du Mali (EMM), a mineral water bottling company, are part of Groupe Achcar Mali Industries (AMI or the Group). The Group also comprises Grande Confiserie du Mali, in confectionary and pasta production, Groupe Achcar Mali Transit, in customs clearing and logistics, and Compagnie Malienne pour le Développement du Blé (CMDB), a subsidiary of GMM involved in wheat growing.GMM and EMM have initiated an investment program over 2007-09 to: - diversify into animal feed production with a capacity of 75,000 tons/year, - increase rice milling capacity to 18,000 tons/year, - start a bakery training center to secure the loyalty of its flour clients, - build two silos in the port of Dakar, Senegal to strengthen its supply chain, - double EMM’s mineral water production capacity, and - raise additional working capital.Total project cost is estimated at €17.5 million. The Borrower has requested IFC to provide an A Loan of up to €8 million to GMM and EMM.