IFC proposes investment in Guinea furniture producer

The IFC has disclosed a proposed $13 million investment in Marifala, a furniture company in Guinea.

Marifala intends to establish an industrial complex in the Maférenyah industrial zone, roughly 60 km from Conakry. This will consolidate its operations and triple its capacity. Additionally, the company will open four retail outlets: three in Conakry, Guinea and one in Bamako, Mali. The project is estimated to cost $20 million. It will be financed by 35% sponsor equity ($7 million) and the remainder by IFC and the International Development Association’s (IDA) Private Sector Window. The investment proposal includes an eight-year senior secured loan of up to €12 million (approximately $13 million).

Founded in 2007, Marifala is managed and fully owned by Abdoulaye Diallo. Initially an importer, the company expanded into furniture production in 2018.

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