46236
SOMABIS SARL
Sep 6, 2023
Mali
Africa
Oct 15, 2023
B - Limited
Active
May 2, 2025
Regional Industry - MAS Africa
Agribusiness and Forestry
Approved : Feb 13, 2024
Signed : May 16, 2024
Invested : Apr 30, 2025
Other Food
Blended Finance
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.
IFC Advisory services team is exploring potential support with financial management and ESG advisory programs aimed at helping strengthen SOMABIS’ operations and management structures, processes, practices and policies as well as build their capacity in these areas.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
The environmental documents will be accessible at:
Société Malienne de Biscuiterie SARL, Quartier du fleuve avenue de l’yser rue 306 porte 94 bp 2147 – Bamako – Mali.
Public Information Center, The World Bank Mali Country Office, Edmond Dingamhoudou, Senior External Affairs Officer, B.P. 1864 Immeuble Waly Diawara, Avenue du Mali Hamdallaye ACI 2000 Bamako, Mali.
World Bank Group InfoShop at 701 18th Street N.W., Washington D.C, USA.
IFC’s website at www.ifc.org