Sierra Leone Agro-Processing Competitiveness Project (WB-P160295)

Countries
  • Sierra Leone
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 9, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Sierra Leone
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 14, 2019

Disclosed by Bank Jul 14, 2017


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Project Description

The objective of the project is to improve business environment in agribusiness sector and increase productivity of targeted agro-processing firms in Sierra Leone.
Key Results include:

  • Lower unit cost of production for local agro-processing firms
  • Increased agro processing investment (from existing and new agro-processing firms)
  • Improved institutional framework for coordination of agro processing investments

The proposed project focuses on enhancing domestic value addition in agro-processing through strengthening vertical (forward and backward) linkages between local companies and foreign investors. Such linkages provide important channels for enhancing competitiveness of the sub-sector through flow of new technology, know-how, innovation, and skills. Interventions supporting domestic value addition in agro-processing will involve local and foreign actors that are operating in the sub-sector as well as those that provide goods and services to the industry. Project interventions will emphasize upgrading of local large enterprises and SMEs, enabling them to be competitive in domestic, regional, and international markets.

Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Adesimi Freeman
Lead Private Sector Specialist

Borrower:
Republic of Sierra Leone
Jacob Jusu Saffa
Minister
info@mofed.gov.sl

Implementing Agency:
Ministry of Trade and Industry
Peter Bayuku Konteh
Minister
info@trade.gov.sl 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.