As stated by the IFC, Marifala, Guinea’s first furniture company, plans to construct (i) an industrial complex located in the industrial zone of Maférenyah (~60 km from Conakry) that will enable the company to consolidate its operations and triple its capacity, and ii) 4 retail outlet stores: 3 in Conakry in Guinea and 1 in Bamako in Mali. The Project total cost is US$20 million and will be financed 35% by Sponsor equity (US$7 million) and the remaining by IFC and IDA PSW. The proposed investment entails an 8-year senior secured loan of up to EUR12 million (c. US$13 million).
As stated by the IFC, founded in 2007 and based in Conakry, Galerie Marifala Sarlu (Marifala or the Company) is Guinea's leading furniture company. They design and produce furniture and doors for retail and office markets. Marifala is managed and fully owned by Mr. Abdoulaye Diallo (Sponsor). Initially an importer, the Company expanded into furniture production in 2018, becoming the only in-country producer in Guinea. Marifala plans to start exporting to neighboring countries from 2024.
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Client - Groupe Mari Fala SARLU:
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