Melcom Limited

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 The proposed IFC investment is a project loan of up to US$50 million to Melcom Limited www.melcomgroup.com (“Melcom” or the “Company”). The funding is to support the expansion and upgrade of its operations which includes: (i) development of 22 new stores of approximately 128,000 m2 retail space, 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 the company’s e-commerce platform, and IT systems, and operational systems (storage, handling, delivery etc.) to support its expansion, and working capital (the Project).Founded in 1989, Melcom, is a leading and largest formal retailer in Ghana. Melcom has 66 stores located in middle-income consumer segments and densely populated residential and commercial areas. Over 50% of Melcom’s retail products are sourced from local suppliers and manufacturers.