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MACCEM

Sector: Manufacturing (Industrial) • Location: Sierra Leone

Source: International Finance Corporation (IFC)

Project
Active

IFC is considering an investment comprising an up to US$12.0 million “A” loan and a US$12.0 million subordinated loan from IFC acting as the implementing entity of the International Development Association’s Private Sector Window Blended Finance Facility for a total financing package of US$24.0 million to Mackie Building Materials (“MBM”) and MACCEM Industries SL Limited (“MACCEM”). This will be u

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Project Information

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The project “MACCEM” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Sierra Leone. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

IFC is considering an investment comprising an up to US$12.0 million “A” loan and a US$12.0 million subordinated loan from IFC acting as the implementing entity of the International Development Association’s Private Sector Window Blended Finance Facility for a total financing package of US$24.0 million to Mackie Building Materials (“MBM”) and MACCEM Industries SL Limited (“MACCEM”). This will be used to part finance the construction and operation of a cement grinding plant in Hastings, Sierra Leone. This backward integration project is expected to increase supply of locally produced cement and improve cost competitiveness.The project is expected to be supported by an International Development Association Private Sector Window Blended Finance Facility (“IDA PSW BFF”) as described in the Blended Finance section.                                                 

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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