PROJECT

Projects

Summary of Investment Information

Project Number

49912

Company Name

SONOCO SA

Date SPI Disclosed

Jan 28, 2026

Country

Guinea

Region

Africa

Projected Board Date

Mar 10, 2026

Environmental Category

B - Limited

Status

Pending Disbursement

Last Updated Date

Apr 2, 2026

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Mar 17, 2026
Signed : Mar 28, 2026

Sector

Poultry Farming

Project Description

 

The proposed investment is an 8-year IFC A-Loan to Fermav Industries (the “Company”), a subsidiary of Groupe SONOCO, S.A (“SONOCO”, the “Group”) a client based in Conakry, to support a greenfield poultry project in Guinea.  The Group is a repeat IFC client since 2019 and is a Fast-Moving Consumer Goods (FMCG) player and leader in the wheat milling industry. SONOCO has other subsidiaries and Fermav is the subsidiary dedicated to the integrated poultry farm. The ESRS and ESAP for the original project can be found in https://disclosures.ifc.org/project-detail/ESRS/40276/sonoco. 

IFC’s loan will support an integrated poultry operation consisting in three mains components: (i) the development of poultry facilities in Daboyah (including a breeding facility, several breeding houses and a hatchery with incubators) on the outskirts of Kindia town, (ii) the construction of a slaughterhouse in Massayah, and (iii) the construction of the feed mill in Sanoyah. Construction of all the facilities has commenced with some being nearly completed and others expected by March 2027.

 

Associated Advisory Engagement

To be discussed with the Group.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation