Marifala

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The proposed investment consists of a loan up to €12 million, to support Galerie Marifala Sarlu (Marifala or the Company), a wood processing and furniture manufacturing company. Marifala has six warehouses scattered across Conakry and three wood processing factories in Bambeto; (i) a unit processing solid wood and converting it into doors covering an area of 1800 m² and (ii) a modern furniture unit located on 2000 m², and (iii) a unit fabricating soft goods such as couches and chairs. As Marifala faces space constraints, the proposed investment will support the construction of a 17-hectares (ha) production complex in the industrial zone of Maférenyah located 60 km from Conakry (“the Project”), which will enable the consolidation of operations, resulting in a threefold increase in production capacity. The proposed activities at the industrial complex will include the construction of six wood processing and furniture manufacturing hangars, creation of storage area with six months wood storage capacity, construction of living quarters for factory workers, upgrade of internal and external access to the complex, installation of perimeter / security fence around the complex and setup of three showrooms in Conakry and one showroom in Bamako (Mali). The footprint of the proposed complex will be on 4ha layout and will be operational by December 2026. IFC use of proceeds will finance the industrial complex and its medium-density fiberboard (MDF), soft goods related investments and the retail outlet stores.