Ice Ice Baby Limited
MIGA has issued a guarantee to the Sierra Investment Fund (SIF) of Mauritius covering its investment in Ice Ice Baby Ltd (IIB) of Sierra Leone. This project involves the acquisition and modernization of an existing ice manufacturing operation, and is expected to yield positive developmental impacts with respect to introduction of managerial best practices, operational efficiencies, and quality control processes to the target company, resulting in significant growth in its operations and market reach.
This investment fits well with the World Bank Groups country partnership strategy for Sierra Leone, particularly with regard to supporting the development of a competitive private sector.
MIGAs participation in the project is aligned with key agency priorities, which include encouraging investment in post-conflict and IDA-eligible countries. This project was underwritten through MIGAs Small Investment Program.