Mali: start-up of the first industrial shea butter processing plant
The first industrial shea butter processing unit in Mali, Mali Shi, was inaugurated last Thursday. Located in Banakoroni near Bamako, the factory has a processing capacity of 30,000 to 32,000 tonnes of shea kernel for a production of 14,000 tonnes of butter. Mali Shi is 58.5% owned by the Malian company Omnium Mali SA, 35% by Ecodev, the investment fund of the mining group Endeavour managed by the French company classM, and 6.5% by the Malian shea trader SOATAF. It has benefited from a $2.5 million loan from the International Finance Corporation (Read: IFC invests $2.5 million in Mali Shi’s shea factory), according to a report by Commodafrica.