PROJECT

Projects

Summary of Proposed Investment

Project Number

29031

Company Name

SAID SALIM BAKHRESA AND COMPANY LIMITED

Date SPI Disclosed

Mar 24, 2010

Country

Eastern Africa Region

Industry

Agribusiness and Forestry

Projected Board Date

Apr 30, 2010

Status

Pending Signing

Sector

Grain Processing (Milling, Starch, Flour, Malt)

Department

Regional Industry - MAS Africa

Environmental Category

B - Limited

Previous Events

Signed : Jun 24, 2010
Invested : Nov 15, 2010

Project Description

The Bakhresa Group, established in 1983, operates milling businesses in Kenya, Tanzania and Uganda, Zanzibar and Malawi. The Group has invested in new mills and grain storage to cater for the growing demand and market opportunity for its flour in the region. The Group objective it to continue to reduce its production costs and offer affordable flour for consumption in the Eastern Africa region.

In this context, the Group has indicated further interest with new expansion projects in Mozambique. Also, it would consider the purchase of additional transport equipment for its existing mill in Rwanda; and additional financing options for Tanzania (Said Salim Bakhresa & Company Ltd.) at a later stage.

Sponsor / Cost / Location

Development Impact