PROJECT

Projects

Summary of Investment Information

Project Number

48886

Company Name

B5 Plus Limited

Date SPI Disclosed

Jun 28, 2024

Country

Ghana

Region

Africa

Projected Board Date

Aug 30, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 4, 2025

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Nov 22, 2024
Signed : Jul 22, 2025
Invested : Oct 2, 2025

Sector

Integrated Steel Works

Project Description

B5 Plus is one of the largest manufacturers and suppliers of steel-related products in Accra, Ghana. The proposed investment is an up to US$50mln financing package to B5 Plus Limited (“B5 Plus” or “the Company”) to fund: (i) refurbishing and repurposing of a newly acquired Steel Plant at Tema Freezone  to produce rebars and wire rod coil; (ii) installation of a wire rod mill at Tema Freezone; (iii) development of a 10 MW solar plant in the Prampram facility; and (iv) funding of working capital needs, together (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation