SOMABIS SARL

active

The Proposed loan of up to EUR4 million (EUR2 million own account and EUR2 million from IDA PSW) to Société Malienne de Biscuiterie SARL (SOMABIS or “the Company”), the only established biscuit manufacturer in Mali, is to support the Company’s investment program and includes a EUR 6.6 million project. This project will expand the company’s production capacity on a new site with the installation of a new state-of-art production line of biscuit of 1,200 kg per hour (compared to the current line of 650 kg per hour) and a production line of wafers of 500kg per hour, which will be a new business segment for the Company. The new site is in the new industrial zone of Banancoro (in the outskirt of Bamako) and will host two warehouses for the plant and an administration building. The project is expected to be supported by the IDA20 Private Sector Window Blended Finance Facility (IDA PSW BFF) in the amount of up to EUR2 million as described in the Blended Finance Section.