Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Vitafoam Nigeria Gets IFC Loan to Expand in Sierra Leone

Vitafoam Nigeria Plc, a foam-products manufacturer, received a $2.8 million loan from the International Finance Corp. to help it expand in the West African nation of Sierra Leone, an official said.

The loan will go to Vitafoam Sierra Leone, a newly created subsidiary of the Lagos-based company, Mary Agboli, the World Bank unit’s representative in Sierra Leone, said in a phone interview today from Freetown, the capital.

“One of the things the loan will do to the country is that it will give other investors the right signal that Sierra Leone is ready for new investors,” Agboli said. IFC officials and the management of Vitafoam signed the loan agreement yesterday in Lagos, Nigeria’s commercial capital, she said.

Sierra Leone is rebuilding its economy nine years after the end of a civil war that destroyed most of the country’s infrastructure. The loan is the IFC’s fist investment in Sierra Leone’s manufacturing industry since the civil war ended, according to Agboli.

“The country’s manufacturing sector is small, with very little manufacturing taking place, but government has streamlined the processes to prepare the environment for investment,” she said.

There are investment opportunities in agriculture, manufacturing and mining, according the IFC representative. Sierra Leone, one of the world’s poorest countries, has deposits of solid minerals including iron ore, gold and rutile, which is used in titanium dioxide, a material used in the manufacture of paints and pharmaceuticals, Agboli said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.