SL Flour Mill

active

 The proposed IFC investment is a project finance loan of up to US$12 million to Sierra Leone Flour Mill Limited (“SLFM” or the “Company”) guaranteed by BSB International Limited (“BSB” or the “Guarantor”, together with SLFM referred to as the “Group”) to support SLFM’s US$19.2 million project for the expansion of its (i) milling capacity from 150 metric tons (MT) of wheat per day to 450 MT and (ii) storage capacity from 8,400 MT to 28,400 MT at its factory located in Cline Town, Freetown, Sierra Leone (the “Project”). The flour mill was originally established in 1966 but was shut down during the civil war and only became functional again in 2016. SLFM operational footprint includes a flour mill equipped with conveyors, vacuators and warehouses. The use of proceeds will be directed towards the installation of additional silos and the construction of a new milling unit with two lines capable of producing 300MT daily. The by-product of the wheat processing is used for animal feed. Upgrade activities started at the flour mill with the installation of 4 silos and ongoing construction of a six-floor building in 2022 and are expected to be completed by 2024.