PROJECT

Projects

Environmental & Social Review Summary

Project Number

44642

Company Name

M'BOUNA SA

Date ESRS Disclosed

Apr 10, 2026

Country

Mali

Region

Africa

Last Updated Date

May 22, 2026

Environmental Category

B - Limited

Status

Pending Signing

Previous Events

Approved : May 20, 2026

Sector

Grain Processing (Milling, Starch, Flour, Malt)

Industry

Agribusiness and Forestry

Department

Regional Industry - MAS Africa

Project Description

The Mbouna project involves an eight-year senior-secured loan facility of €10 million to Mbouna SA, wheat flour mill located in Sanankoroba, near Bamako, Mali. Established in 2017, Mbouna SA has experienced significant growth, supported by high product quality, an efficient distribution network, and increasing market demand. Mbouna is an industrial unit specializing in wheat flour production. It supplies the local market with flour and animal feed. The company now commands an estimated 25% share of the market. In response to growing demand, Mbouna initiated a two-phase capital expenditure program. Phase 1 has been successfully completed:
• Phase 1: Expanded milling capacity from 200 to 500 tons/day and added an animal feed production line. This was financed with €14.3 million in loans and €8.6 million in internal resources.
• Phase 2: Seeks €10 million from IFC of which: i) €7 million to install a 4.3 MW solar power plant, reducing operational costs and mitigating the effects of Mali’s ongoing energy crisis and ii) €3 million to finance the acquisition of a strategic fleet of fuel-efficient trucks.
IFC investment will target specifically (i) the construction and operation of a 4.3 MW solar PV power plant with a 12.6 MWh lithium-ion Battery Energy Storage System (BESS), with a combination of panels on soil and metal roof, a mobile concrete batching plant for the mill operations, and a 15 KV overhead transmission line (OHTL) connecting the PV plant to the existing plant over an extension of 0.6 km using an existing right of way (RoW) and (ii) the acquisition of fuel efficient trucks to transport the wheat from port to the plant in Sanankoroba. The electricity generated will power current operations. The Company has acquired a 2.6-hectare site next to its existing facilities on a Willing Buyer Willing Seller (WBWS) basis to accommodate the solar panel project. A small number of isolated residential buildings and a selling point are situated approximately 500 meters from the Mbouna facilities. This infrastructure has been planned to run parallel to the current electrical network, ensuring minimal disruption to ongoing operations and optimal use of the available corridor. Construction is expected to last approximately 18 months, and MECATEC has been selected as the Engineering, Procurement, and Construction (EPC) contractor and will use Jinko Tiger Neo N-type 590 Wc solar panels with warranties of 12 years for modules and 5 years for inverters.

Overview of IFC's Scope of Review

In August 2025, IFC conducted a comprehensive Environmental and Social (E&S) review, which included an on-site visit to the existing milling facility and the project site in Sanankoroba, located approximately 150 km from Bamako. The review process involved direct engagement with key stakeholders, including the acting Managing Director (MD), the Quality, Hygiene, Safety and Environmental (QHSE) Manager, the Safety Officer, and the Human Resources (HR) Manager. Several employees were also interviewed during the appraisal process.
During the review, the project sponsors supplied a range of relevant documentation and information. This included the Company's quality policy, the Environmental and Social Impact Assessment (ESIA), and the Hygiene Safety Environment (HSE) risk matrix, as well as detailed waste management and pest control plans. All these materials were examined to assess the project's adherence to environmental, health, and safety (EHS) standards, and to evaluate the effectiveness of existing social management measures.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan