The IFC is considering a total financing package of US$ 24.0m to Mackie Building Materials (“MBM”) and MACCEM Industries SL (“MACCEM”) in Sierra Leone. The investment will be used to part finance the construction and operation of a cement grinding plant (GU) in Hastings, Sierra Leone. The total project cost is estimated at US$ 36.5m. IFC’s proposed investment comprises an up to US$ 12.0m A loan and up to US$ 12.0m concessional subordinated loan from IFC acting in its capacity as the implementing entity of IDA PSW BFF, helping to close the funding gap and de-risk IFC’s investment. The project is expected to increase supply of locally produced cement and improve cost competitiveness.