PROJECT

Projects

Summary of Investment Information

Project Number

46236

Company Name

SOMABIS SARL

Date SPI Disclosed

Sep 6, 2023

Country

Mali

Region

Africa

Projected Board Date

Oct 15, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 2, 2025

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Feb 13, 2024
Signed : May 16, 2024
Invested : Apr 30, 2025

Sector

Other Food

Additional Project Attributes

Blended Finance

Project Description

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.

Associated Advisory Engagement

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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation