Sierra Fishing Company gets World Bank Support
The Multilateral Investment Guarantee Agency (MIGA) which is one of specialized agencies of the World Bank Group has issued a guarantee to the Sierra Investment Fund LLC (SIF) of Mauritius via fund manager Manocap LLC (Manocap) to support the Sierra Fishing Company (SFC). Â SFC is a Sierra Leone-based limited liability company engaged in commercial fishing and onshore fish processing activities for the domestic markets in Sierra Leone and regional West African markets. Â MIGA is that arm of the World Bank Group that provides investment guarantees to cover political risks for projects in a wide variety of sectors covering all regions of the world. MIGA’s mission is to spur developmentally sustainable foreign direct investment to further the World Bank group’s mission of helping to create jobs, promoting economic growth, and reducing poverty in its developing member countries.
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