LAP MML (IFC-52140)

Countries
  • Liberia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 26, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Liberian American Poultry (LAP) and Modern Mills of Liberia (MML)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 27.80 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 42.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 6, 2026

Disclosed by Bank Aug 27, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, IFC proposes an up to US$30 million Sustainability-Linked Loan (SLL) to Liberian American Poultry (LAP) and Modern Mills of Liberia (MML), collectively referred to as the Companies. The investment will support capacity expansion and provide working capital for both companies. Specifically, MML will double its flour milling capacity to 300 tonnes per day, while LAP will increase its table egg production from 750 to 1,500 cartons per day.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total project cost of US$42.5 million includes US$27.8 million in CAPEX (US$12.0 million for MML and US$15.8 million for LAP) and US$14.7 million in working capital for both companies. The project will be financed through a US$30 million IFC loan and US$12.5 million of Sponsor equity contributions.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

 

Established in 2018, MML is a leading flour mill in Liberia. In addition to flour milling, the company produces animal feed, which is primarily supplied to its sister company, LAP, as part of an integrated feed-to-egg business model. LAP is Liberia's leading table egg producer.

MML and LAP are majority-owned (51%) by West African Premier Investment LLC (WAPI), an investment fund of the Siblani family. Mr. Henri Chaoul holds a 24% stake in MML and a 19% stake in LAP, with the remaining shares held by other minority investors.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Liberian American Poultry Client -
- - - - Modern Mills of Liberia Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

 

For Inquiries About the Project, Contact

Modern Mills of Liberia, Liberian American Poultry
Wahab Dhaini
Managing Director
+231 8 8821 3000
wdhaini@uci.com.lr
Jamaica Road Junction, Bushrod Island Monrovia, LiberiaLiberian American Poultry, Inc. Kaifa TownBomi County, Liberia
Websitehttps://lapliberia.com/https://www.modernmillsliberia.com/
 

Local Access of Project Documentation

 Modern Mills of Liberia, Inc.

Jamaica Road Junction, Bushrod Island

Monrovia, Liberia

Liberian American Poultry, Inc.

Kaifa Town

Bomi County, Liberia 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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