Melcom Limited

pending

IFC is considering up to a US $30 million IFC “A” Loan and up to a US$20 million mobilized in B/Parallel loans to Melcom Limited (“the Company”), a leading retailer in Ghana. The company currently has a network of 60+ retail stores, and a network of warehousing & storage assets (including cold-rooms) , as well as an e-commerce business in Ghana. The funding is to support the expansion and upgrade of its operations which includes: (i) the development of 22 new stores of approximately 128,000 m2 retail space (EDGE certified), built on Melcom’s existing land bank. (ii) installation of 5-6MW of rooftop PVC solar across 22 stores, (ii) expand warehousing and storage assets (including cold-rooms) to support its own retail operations, as well as its wholesale operations to smaller retailers (iv) upgrade of the company’s e-commerce platform, and IT systems, and operational systems (.i.e.; storage, handling, delivery, etc.) to support its expansion, and working capital (the Project). The Project is expected to be supported by the IDA20 Private Sector Window Local Currency Facility (IDA PSW LCF) as described in the Blended Finance Section.