Deal #1798

Sierra Leone
Created at
2013-02-15
Last update
2024-04-10
Last full update
2024-04-10

Operating Company

Operating company
Actors involved in the negotiation / admission process
  • Government / state institutions (government, ministries, departments, agencies etc.)
  • Traditional local authority (e.g. Chiefdom council / Chiefs)
Name of investment project
Mabilafu Project
Comment on investment chain
Initially owned by Addax & Oryx Group and partly funded by several European Development Finance Institutions (DFIs) including Swedish Swedfund and Dutch FMO. In 2011, The Emerging Africa Infrastructure Fund provided a EUR20 million loan to Addax. IFC provided the funding to The Emerging Africa Infrastructure Fund.Firm financed by: European Investment Bank, Swedfund, 5 European countries, African Development Bank). In 2015, the DFIs exited the project citing financial challenges. Addax Bioenergy Sierra Leone was formally founded, registered and incorporated in Sierra Leone as Addax Bioenergy (SL) Limited (ABSL) in 2008. Sunbird Bioenergy Africa took over the majority shares in September 2016. Sunbird holds 75.1% and Addax holds 24.9%. The company filled to change the name to Sunbird Bioenergy Sierra Leone. In 2019, Browns Investment (through Grey Reach Investment) bought the Sunbird Africa share in Sunbird SL. According to the company website, as of 2019, the plantation is owned by British-Chinese company Sunbird Bioenergy, financial advisory firm Faber Capital and a consortium of investors.
Network of parent companies and tertiary investors/lenders
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Legend
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