The Sponsors of the CBL Group are the Wickramasingha family (Sponsors). The Chairman is Mr. Ramya Wickramasingha, and the Group Managing Director (MD) is Ms. Sheamalee Wickramasingha. Family members of the Wickramasinghe family own the majority of the shareholding of the holding company CBLI. CBL and GFL are each wholly owned subsidiaries of CBLI.                                                 

 The loan proceeds will be used for expansion plans of the Group, which include (i) acquisition of a coconut milk and desiccated coconut (DC) manufacturing plant in Sulawesi region of Indonesia; and (ii) increasing production and distribution capacity of biscuits in Ghana.

 Ghana, Indonesia                                                

 This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability (2012). The E&S risks and impacts associated with the proposed project will be limited and site-specific. These can be easily avoided and mitigated by adhering to Good International Industry Practices (GIIPs). Key E&S risks and impacts for this investment  are: (i) E&S management systems to assess and manage E&S risks and impacts from CBL Group level and its subsidiaries operations and distribution networks, (ii) CBL Group-level and subsidiary’s supply chain risk assessment with sourcing of high-risks agro-commodities, such as coconuts, palm oil, cacao, sugar, etc.; (iii) emergency preparedness plan, including Life and Fire Safety; (iv) labor and working conditions and occupational health and safety (for direct and outsourced labor); (v) resource efficiency and GHG emissions; management of air emissions, noise, solid/hazardous waste, and domestic/process effluents; (vi) transport and use of security forces; (vii) stakeholder engagement and community grievance mechanism.