PROJECT

Projects

Summary of Investment Information

Project Number

34527

Company Name

MARINA MARKET SARL

Date SPI Disclosed

Nov 27, 2013

Country

Burkina Faso

Region

Africa

Projected Board Date

Dec 26, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Africa

Industry

Tourism, Retail and Property

Previous Events

Approved : Jun 11, 2014
Signed : Feb 17, 2015
Invested : Jun 3, 2015

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Marina Market was created in November 1989. As of today, the company operates 4 supermarkets with a warehouse facility in Burkina Faso (Marina Market Burkina Faso), a supermarket and retail/office building in Ghana (Marina Market Ghana), and a supermarket in Niger (Marina Market Niger).

The Project entails:
(i) the modernization and expansion of the main supermarket, Centre Ville by building and equipping two additional floors of 2,250 sq.m in total on the current supermarket site. The new floors accommodate non-food items on the first floor and a food court on the last one;
(ii) the construction of two other buildings of 1,050 sq.m., at the centralized purchasing warehouse; and
(iii) the expansion of the Bobo Dioulasso supermarket by 900 sq.m, as well as, the acquisition of some equipment.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation