Summary of Proposed Investment
Project Number
26174
Company Name
BAKHRESA GRAIN MILLING MOZAMBIQUE LIMITADA
Date SPI Disclosed
Oct 4, 2007
Country
Mozambique
Industry
Agribusiness and Forestry
Projected Board Date
Nov 30, 2007
Status
Pending Signing
Sector
Grains and Beans
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Jun 26, 2008
Project Description
The Bakhresa Group, established in 1983, operates milling businesses in Kenya, Tanzania and Uganda. In December 2003, the Group was awarded the state-owned mill, GRAMIL, in Malawi through a competitive bid—Bakhresa Grain Milling (Malawi) or BGM Malawi. To streamline and improve its Malawian operation, Bakhresa is considering building silos for the storage of wheat at the Nacala port, Mozambique—Bahkresa Grain Milling (Mozambique) or BGM Mozambique.
In addition to this investment in Nacala, Mozambique, Bakhresa Group has indicated further interest with additional financing options both for Malawi and Tanzania (Said Salim Bakhresa & Company Ltd.) at a later stage.
In addition to this investment in Nacala, Mozambique, Bakhresa Group has indicated further interest with additional financing options both for Malawi and Tanzania (Said Salim Bakhresa & Company Ltd.) at a later stage.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Abubakar Said Bakhresa, Executive Director
Mzizima Flour Mill
Nyerere Road
P.O. Box 2517
Dar es Salaam, Tanzania
Telephone:+255-22-2861116/7
Fax: +255-22-2861140
Details of the proposed operating procedures and mitigation measures will be provided in the Environmental and Social Review Summary (ESRS) and this Summary of Proposed Investment (SPI) which will be available to the public at the following locations:
- Bakhresa Mozambique in Nacala
- Bakhresa Malawi in Blantyre
- Bakhresa Tanzania in Dar es Salaam
Mzizima Flour Mill
Nyerere Road
P.O. Box 2517
Dar es Salaam, Tanzania
Telephone:+255-22-2861116/7
Fax: +255-22-2861140
Details of the proposed operating procedures and mitigation measures will be provided in the Environmental and Social Review Summary (ESRS) and this Summary of Proposed Investment (SPI) which will be available to the public at the following locations:
- Bakhresa Mozambique in Nacala
- Bakhresa Malawi in Blantyre
- Bakhresa Tanzania in Dar es Salaam
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster