Guinea’s SONOCO plans investment programme

Société Nouvelle de Commerce S.A. (SONOCO), a diversified family business group based in Guinea, may receive a USD 25mn senior A loan from the IFC to partially finance an investment programme. This includes:

  1. an additional wheat storage facility to be located at the port of Conakry;
  2. the revamping of an existing seasoning cubes processing unit previously owned by the Nestlé group;
  3. the construction and operation of a greenfield soft drink plant; and
  4. general capital expenditures for its wheat milling operation.

The group’s majority shareholder and CEO is Mr. El Hadj Saliou Diallo, a 58-year old Guinean entrepreneur who has a diversified portfolio.