XM-DAC-903-SII-34527
International Finance Corporation
Marina Mkt BKF 2
Marina Market was created in November 1989. As of today, the company operates 4 supermarkets with a warehouse facility in Burkina Faso (Marina Market Burkina Faso), a supermarket and retail/office building in Ghana (Marina Market Ghana), and a supermarket in Niger (Marina Market Niger). The Project entails: (i) the modernization and expansion of the main supermarket, Centre Ville by building and equipping two additional floors of 2,250 sq.m in total on the current supermarket site. The new floors accommodate non-food items on the first floor and a food court on the last one; (ii) the construction of two other buildings of 1,050 sq.m., at the centralized purchasing warehouse; and (iii) the expansion of the Bobo Dioulasso supermarket by 900 sq.m, as well as, the acquisition of some equipment.
MARINA MARKET SARL
Mr. Georges Restom Ste MARINA MARKET Siege Sociale : Rue de l hotel-de-ville 01 BP 516 OUAGADOUGOU-Burkina Faso +226 50 30 02 56 mailto:grestom@marina-market.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Marina Market Avenue du Grand Marché Ouagadougou, Burkina Faso
Burkina Faso
The Project will be located in Ouagadougou as well as Bobo Dioulasso, both of which cities are in Burkina Faso Expected Developmental Impact of the Project: The Project will contribute to the modernization of the retail and service industries through the introduction of business infrastructure in a country where there is lack of such facilities. The success of the Marina Market Burkina project will help develop local skills in modern retailing and support the development of malls by demonstrating their commercial viability. Projects like the Marina Market retail center in Burkina Faso is aimed at facilitating the private sector initiative in increasing the stock of prime retail properties in Ouagadougou as a way of enhancing economic growth. The Project will also create local jobs during the operational stage in a country where the unemployment rate is high. In addition, it will have a direct impact on consumers that will benefit from improved retail services, better consumer choices and higher quality of goods sold.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
Q-BA - Retail (Including Supermarkets, Grocery Stores, etc.)
Total: $1.09 million
1090000.00
1090000.00
MARINA MARKET SARL
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34527/marina-mkt-bkf-2
Development Results
Development Result Description
Indicator
Retail: Stores (#), Space (m2)
Retail Space (m2)
Indicator
Retail: Stores (#), Space (m2)
Retail Space Occupied (m2)
Indicator
Retail: Stores (#), Space (m2)
Stores Available (#)
Indicator
Retail: Stores (#), Space (m2)
Stores Occupied (#)
Indicator
Organizational capacity and Management Programs(%)
Organizational capacity and Management Programs(%)
Indicator
Occupational Health and Safety(%)
Occupational Health and Safety(%)
Indicator
Affected communities protection(%)
Affected communities protection(%)
XM-DAC-903-SII-36754
International Finance Corporation
Yaramoko Project
Roxgold Inc. (Roxgold) is a Toronto-based gold exploration and development company listed on the TSX Venture Exchange under the symbol ROG, focused on the development and further exploration of the Yaramoko Gold project (Yaramoko or the Project). The Project lies within the mineral-rich Hounde greenstone belt which is host to other successful gold mines. The Project holds a NI 43-101 standard compliant total resources of 1.1 million ounces at a cut off grade of 5 grams per ton of gold. The resource includes 0.76 million ounces of reserves in the probable class (2.0 million tons at 11.83 grams per ton of gold), derived from the indicated resources class. The resources are based on only the 55 Zone, which is just one of the many prospective targets within Yaramokos 196km2 license. Yaramoko will be a high grade and low cost underground gold mine producing an average of 97,000 ounces per year over a 7.60 year life of mine.
The expected development impacts include: (i) local economic development within an IDA country through generation of direct and indirect employment opportunities; (ii) fiscal receipts in the form of taxes, royalties and dividends, and foreign exchange and diversification of the local economy; (iii) community development; and (iv) setting good benchmarks in environmental and social sustainability.
Roxgold Inc
Elizabeth Freele CSR Manager Roxgold Inc. 360 Bay Street, Suite 500 Toronto, Ontario Canada M5H 2V6 mailto:Efreele@roxgold.com Telephone: 416-203-6401
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
The Yaramoko Gold Project is located near the town of Bagassi at approximately 200 km southwest of Ouagadougou in the Balé Province of western Burkina Faso.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
B-BE - Gold
Total: $23.60 million
23600000.00
23600000.00
Roxgold Inc
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36754/yaramoko-project
XM-DAC-903-SII-36857
International Finance Corporation
Windiga BF Project
The Project consists of the development, financing, construction, operation, and maintenance of a 26.6 MWp solar PV power plant in Zina, Mouhoun Region, Burkina Faso (the Project). The electricity generated from the Project will be sold to SONABEL, the state-owned power utility, under a 25-year Power Purchase Agreement. The Project will be connected to the national grid via a 7.8-kilometer transmission line.
- The Project will expand Burkina Faso's power generation, increase energy security and diversify the country's production mix, which is heavily dependent on oil-fired thermal generation and imports.
- As the first independent power producer in the country, the Project is expected to have a significant demonstration effect and catalyze private sector participation in the country's power sector.
- The Project will avoid GHG emissions and thus contribute to climate change mitigation.
ZINA SOLAIRE SA
Zina Solaire S.A Mr. Assane Yameogo Deputy CEO +22670454985 assane.yameogo@zinasolaire.com Secteur 13, Av Babanguida, Rue Benda, porte 211, 01 BP 390 Ouagadougou 01, Burkina Faso
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 Zina Solaire S.A. Secteur 13, Av Babanguida, Rue Benda, porte 211, 01 BP 390 Ouagadougou 01, Burkina Faso
Burkina Faso
The Project is located on a site of approximately 45 hectares in Zina village, Kona municipality, about 180km from the capital, Ouagadougou.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
V-BF - Solar - Renewable Energy Generation
Total: $12.52 million
2200000.00
10320000.00
2200000.00
ZINA SOLAIRE SA
10320000.00
ZINA SOLAIRE SA
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36857/windiga-bf-project
XM-DAC-903-SII-42144
International Finance Corporation
GWFP SOFITEX 5
The Project is a funded risk participation for up to EUR 28.5 million by IFC in a EUR 65 million one-year offshore secured pre-export facility provided by Societe Generale (SG) to finance the purchase of seed cotton and provide working capital to a cotton company in Burkina Faso.
The most significant, expected project-level outcome is continued access to markets and finance for over 273,000 farmers and increases in productivity for 1,000 farmers. Beyond the project, IFC anticipates the investment will increase integration and resilience in the cotton sector in Burkina Faso, a low-income/IDA country, through capacity building and demonstration and replication effects.
GWFP BURKINA FASO COTTON
Societe Generale Contact: https://wholesale.banking.societegenerale.com/en/contact/ FR-RELATIONS-MEDIAS@SOCGEN.COM 17 cours Valmy 92800 Puteaux France https://wholesale.banking.societegenerale.com/en/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
Societe Generale is headquartered in Paris, France. The underlying project is financing cotton produced and exported out of Burkina Faso.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
A-AI - Natural Fibers (Cotton, Sisal, Jute, etc.)
Total: $200.00 million
50000000.00
150000000.00
50000000.00
GWFP BURKINA FASO COTTON
150000000.00
GWFP BURKINA FASO COTTON
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42144/gwfp-sofitex-5
XM-DAC-903-SII-43468
International Finance Corporation
GWFP Sofitex2019
The Project is a funded risk participation for up to EUR 10 million by IFC in a EUR 45million one-year offshore secured pre-export facility provided by Societe Generale to finance the purchase of seed cotton and provide working capital to a cotton company in Burkina Faso.
The most significant, expected project-level outcome is continued access to markets and finance for over 32,889 farmers and increases in productivity for 1,557 farmers. Beyond the project, IFC anticipates the investment will increase integration and resilience in the cotton sector in Burkina Faso, a low income/IDA country, through capacity building and demonstration and replication effects.
GWFP BURKINA FASO COTTON
Societe Generale Media Relations FR-RELATIONS-MEDIA@SOCGEN.COM 17 Cours Valmy 92800 Puteaux France https://wholesale.banking.societegenerale.com/en/contact/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
Societe Generale is headquartered in Paris, France. The underlying project is the financing cotton produced and exported out of Burkina Faso.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
A-AI - Natural Fibers (Cotton, Sisal, Jute, etc.)
Total: $200.00 million
50000000.00
150000000.00
50000000.00
GWFP BURKINA FASO COTTON
150000000.00
GWFP BURKINA FASO COTTON
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43468/gwfp-sofitex2019
XM-DAC-903-SII-40839
International Finance Corporation
RFF ACEP Burkina SL
The proposed project is an investment of up to US$4 million equivalent in XOF in the form of a 5-year senior loan to Alliance de Crédit et d'Epargne pour la Production (ACEP) Burkina, aiming at supporting the microfinance institution expand its lending operations in the rural finance and MSME space in Burkina Faso. The project is part of the Phase I of IFCs Rural Finance Facility (RFF), a platform program being developed by IFC and aiming to support financing of micro, small and medium enterprises (MSMEs) in rural areas, including agri-MSMEs, smallholder farmers (SHFs) and rural value chain operators in FCS and low-income IDA countries, in Africa and the Middle East. The RFF program will be implemented in 2 distinct phases: Phase I will identify and support partner financial institutions (PFIs) with an interest in rural finance, and Phase II will focus on supporting farmer cooperatives across multiple value chains to roll-out digitally-enabled finance through partner financial institutions. The project includes support from the International Development Associations Private Sector Window Local Currency Facility (IDA-PSW LCF) as described below.
- Project Outcomes
Stakeholders effects: improved access to finance for MSMEs, rural/agri MSMEs - in the context of bridging finance gap for MSMEs (incl. WMSMEs and agri-MSMEs located in rural areas) by deploying (i) its products and services and (ii) access to scarce medium- to long-term finance.
- Contribution to Market Creation
Inclusiveness: by demonstrating to other FIs the viability of product offerings and digital channels that meet the funding needs of rural and agri MSMEs in remote locations.
ACEP BURKINA SA
ACEP Burkina Ousseni Kirakoya CEO +226 70 23 03 82 / 64 09 97 57 dg@acep-burkina.com Koulouba Ouaga BF-KAD BF-03, Ouagadougou - Burkina Faso acep-burkina.business.site
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
ACEP is headquartered in Ouagadougou, Burkina Faso. It has a network of 7 branches spread across the country, with 3 in Ouagadougou.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
O-AC - Commercial Banking - Microfinance
Total: $14.00 million
14000000.00
14000000.00
ACEP BURKINA SA
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40839/rff-acep-burkina-sl
XM-DAC-903-SII-44974
International Finance Corporation
GWFP Sofitex2020
The Project is a funded risk participation for up to EUR 15 million by IFC in a EUR 40 million one-year secured pre-export facility provided by Societe Generale to finance the purchase of seed cotton and provide working capital to Societe Burkinabe des Fibres et Textiles (SOFITEX), a cotton company in Burkina Faso (the Obligor).
The most significant, expected project-level outcome is continued access to markets and finance for over 32,889 farmers and increases in productivity for 1,557 farmers. Beyond the project, IFC anticipates the investment will increase integration and resilience in the cotton sector in Burkina Faso, a low income/IDA country, through capacity building and demonstration and replication effects.
GWFP BURKINA FASO COTTON
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
Societe Generale is headquartered in Paris, France. The underlying project is the financing of cotton produced and exported out of Burkina Faso.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
A-AI - Natural Fibers (Cotton, Sisal, Jute, etc.)
Total: $200.00 million
50000000.00
150000000.00
50000000.00
GWFP BURKINA FASO COTTON
150000000.00
GWFP BURKINA FASO COTTON
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44974/gwfp-sofitex2020
XM-DAC-903-SII-45082
International Finance Corporation
Sodigaz Burkina
Sodigaz is the largest distributor of LPG in Burkina Faso. It also operates fuel stations and is venturing into the solar power sector. The project entails the expansion of Sodigazs LPG operations, automation of certain manual operations, improvements in logistics, and installation of a solar power plant at a housing estate. The project is expected to be supported by the International Development Associations Private Sector Window Local Currency Facility (IDA PSW LCF) as described in the Blended Finance Section.
The most significant expected project-level outcomes are increased access to LPG products, especially for rural households, with improvements in households indoor air quality contributing to improved health outcomes, especially for women and children. The Project will also contribute to improvements in the affordability and sustainability of electricity provision. Beyond these outcomes, the Project will promote competitiveness of the LPG market in Burkina Faso through a sizable expansion in capacity, enhanced operational efficiency, and the adoption of improved safety standards. The upgrade in the Company's distribution network is anticipated to lead to three main impacts in rural areas: (i) decreased leading time required for requalifying bottles and loading trucks; (ii) increased the availability of safe LPG cylinders, and (iii) improved distribution and retailing services.
Sodigaz APC SA
Sodigaz APC SA Mr. Serge Konseiga Head of Strategy and Development (+226) 77 75 21 04 / (+226) 77 65 19 26 sodigaz@sodigaz.com SODIGAZ APC 01 BP 1936 OUAGADOUGOU 01 Burkina Faso www.sodigaz.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 SODIGAZ APC 01 BP 1936 OUAGADOUGOU 01 Burkina Faso
Burkina Faso
The Project location is in Burkina Faso and in particular in Ouagadougou, Bobo-Dioulasso and Pamnoguin.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
G-AC - Other Petroleum and Coal Products
Total: $8.99 million
8990000.00
8990000.00
Sodigaz APC SA
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45082/sodigaz-burkina
XM-DAC-903-SII-45115
International Finance Corporation
GTFP VISTA Bank Burkina Faso
The proposed project is an uncommitted trade finance guarantee facility under IFCs Global Trade Finance Program (GTFP or the GTFP Facility) of up to US$12 million. The purpose of the proposed IFC trade line is to support Vista Bank Burkina Fasos (the bank or Vista BF) trade program. GTFPs investment in the form of a trade line will confirm banks partial or full guarantees (and other trade instruments) covering payment risk on banks in emerging markets in Burkina Faso for their trade related transactions.
The project builds on GTFP's global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the Bank's customers. On the market side, the project will further connect the Bank's cross-border connections, increasing the country's integration through both financial and real sector channels. It will help to link more traders to other countries and connect the country's financial markets more deeply.
VISTA BANK BURKINA FASO
Vista Bank Burkina Faso Mr. Gislain Matingou General Secretary +226 25 30 85 85 Gmatingou@vistabankgroup.com 479 Avenue Kwame Nkrumah, Koulouba, Ouagadougou, Burkina Faso https://vistabankgroup.com/bf/
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
0 0 0 0 0 0 0 0 0.0000 N/A
Burkina Faso
The project will take place in Burkina Faso.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
O-AD - Commercial Banking - Trade
Total: $500.00 million
500000000.00
500000000.00
VISTA BANK BURKINA FASO
Summary of Investment Information
Summary of Investment Information - Anticipated Impact Measurement & Monitoring (AIMM) Assessment and Main Environmental & Social Risks and Impacts of the Project
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45115/gtfp-vista-bank-burkina-faso
XM-DAC-903-SPI-7830
International Finance Corporation
Ecobank - Burkina Faso
Summary Of Project Information (SPI) Project Name Burkina Faso-Ecobank RegionSub-Saharan Africa Sector Project No007830 Projected Board DateDecember 31, 1996 Company NameEcobank-Burkina Faso Technical Partner and/or Major Shareholders Ecobank Transnational Incorporated (ETI), a home-based financial institution (80%), IFC (10%), local investors (10%) Project Cost Including proposed IFC investment Up to US$2.5 million, including an IFC investment of up to $250,000 Location of project and Description of site HQ Ouagadougou and operating throughout Burkina Faso Description of Company and Purpose of Project The Project involves an IFC equity participation of up to 10% in EBF, a new commercial bank being established in Burkina Faso. Under the sponsorship of ETI, a leading regional financial institution, EBF plans to provide high quality financial products and services to the productive sectors of the Burkinabe economy. Environmental Category and Issues This is an environmental review category C project. No further review is required. Date SPI sent to PIC November 15, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365
ECOBANK BURKINA FASO
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
AA - Commercial Banking - General
Total: $0.26 million
260000.00
260000.00
ECOBANK BURKINA FASO
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7830/ecobank-burkina-faso
XM-DAC-903-SPI-8255
International Finance Corporation
Société Generale de Banques au Burkina
Summary Of Project Information (SPI) Project Name Burkina Faso: Société Générale de Banques au Burkina Faso Region Sub-Saharan Africa Sector Project No008255 Projected Board DateDecember 15, 1997 Company NameSociété Générale de Banques au Burkina Faso (SGBB) Technical Partner and/or Major Shareholders IFC would participate in the privatization of a Burkinabè commercial bank, currently named Banque pour le Financement du Commerce et des Investissements (BFCI). As a result of the privatization, the shareholding of the Government of Burkina Faso (GOB) in BFCI would decrease from 66% to 15%. Société Générale (SG), the largest French private bank, would lead a consortium of foreign investors which would purchase a 41% block out of the 66% shareholding currently held by GOB in BFCI. SG would manage the privatized bank, which would be renamed Société Générale de Banques au Burkina Faso (SGBB). Project Cost Including proposed IFC investment IFC would purchase from GOB a 10% position in the capital of the Bank for a consideration of up to US$500,000. The Banks total assets and equity amount respectively to US$45 million and US$5 million. Location of project and Description of site The Bank is located in Ouagadougou, the capital of Burkina Faso. Description of Company and Purpose of Project With a 8% market share and 110 total staff, BFCI is a small bank providing basic commercial banking services to lower income individuals and small traders. The privatization and reorganization of BFCI into an efficient bank providing a full range of commercial services will foster competition and improve the quality of banking services in Burkina Faso. The prospect of IFCs possible investment is an important comfort to GOB in handing over control of the Bank to foreign shareholders and, conversely, to SG in negotiating a fair entry price. In addition, with its proposed 10% share, IFC will play a neutral broker role between local and foreign shareholders holding respectively shares of 49% and 41%. Environmental Category and Issues This is a category C project according to IFCs environmental review procedures. Therefore no further environmental review is required. Date SPI sent to PIC October 22, 1997 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384
Societe Generale Burkina Faso
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
AA - Commercial Banking - General
Total: $0.38 million
380000.00
380000.00
Societe Generale Burkina Faso
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8255/société-generale-de-banques-au-burkina
XM-DAC-903-SPI-8764
International Finance Corporation
AEF Societe de Transports et de Commerce Bogoya et Freres (STCBF)
SUMMARY OF PROJECT INFORMATION (SPI) Project Name Burkina Faso - Société de Transports et de Commerce Bogoya et Frères (STCBF) Region Sub Saharan Africa Sector Transport Project No 008764 Projected Board Date February 22, 1998 Company Name Société de Transports et de Commerce Bogoya et Frères(STCBF) Technical Partner and/or Major Shareholders Mr. Amadé Bogoya Ouédraogo, a Burkinabè National, is the sponsor of the project and the major shareholder with 75% of the shares. Description of Company and Purpose of Project The project is to acquire 15 reconditioned vehicles (2 petroleum tank trucks and 13 trailer trucks), and to build and operate a vehicle maintenance garage in Bobo-Dioulasso and a spare parts warehouse in Ouagadougou. The companys fleet will consist of 22 trucks in total (including the 7 existing tank trucks) to cover partly the national long haulage and international transportation markets between Burkina Faso and neighboring coastal countries. Location of Project and Description of Site The project statutes are registered at Bobo-Dioulasso where the garage would be constructed. Most project activities are in Ouagadougou, where the warehouse for spares would be constructed. Plots have already been bought for both constructions in areas designated by local authorities for the concerned activities. Project Cost Including Proposed IFC Investment Total project cost is estimated at US$1.1 million equivalent. ECOBANK-Burkina would provide loans of about US$0.6 million of which US$0.4 million would be guaranteed by IFC and US$0.2 million at ECOBANK-Burkinas own commercial risk. Projects Development Impact: The project would help a major road transportation company in Burkina to improve and expand its facilities. This would contribute to ameliorating the quality of the road transportation sector which is vital to the local economy, given its landlocked location. The project would also help setting better transportation standards, which would encourage enhanced professionalism in the sector. IFCs Role The proposed guarantee will help make possible the mobilization of a local bank loan guaranteed by IFC on the basis of competitive market terms. IFCs presence has helped the revision of the companys strategic focus which will concentrate only on goods transportation, excluding passenger transportation whose high costs have put a strain on the companys profitability. Environmental Category and Issues The sponsor is implementing a management plan to prevent spills and thereby ground contamination. All packaging and discarded oil materials will be properly disposed. Domestic liquid effluents will be disposed in septic tanks. Noise levels will be below the World Bank guidelines. The sponsor will have a fire safety program in place. Fire extinguishers will be installed at appropriate places. The employees will be trained on fire safety measures. All employees will have annual medical checkups and will be provided with and required to use the relevant personal protective equipment. Based on its review of available information regarding potential environmental impacts and proposed mitigation measures, IFC concludes that, the proposed project is being designed to meet World bank guidelines. Date SPI sent to PIC January 22, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For additional Information contact: Corporate Relations Unit - Telephone (202) 473-7711- facsimile:(202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Société de Transports et de Commerce Bogoya et Fréres (STCBF)
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
AE - Other (Including General Freight Trucking)
Total: $0.36 million
360000.00
360000.00
Société de Transports et de Commerce Bogoya et Fréres (STCBF)
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8764/aef-societe-de-transports-et-de-commerce-bogoya-et-freres-stcbf
XM-DAC-903-SPI-23959
International Finance Corporation
Hotel Independance
The project consists of renovating and expanding Hotel Independance (HI) into a three-star international business hotel with 180 rooms, located in Ouagadougou, Burkina Faso (BF). In an effort to revamp the hotel, the Government of Burkina Faso (GoB) has leased the property for fifteen years through an open bidding process to Société Malienne de Promotion Hôtelière (SMPH), an existing IFC client. SMPH created Société Burkinabè de Promotion Hôtelière" (SBPH) for the purpose of acquiring and operating HI.
SMPH sees strong potential in HI because of its size and strategic location, close to the heart of Ouagadougous business and administrative district. By modernizing, HI would help raise the standard of the hospitality industry in BF. SMPH seeks IFCs involvement in the project to obtain long-term financing and support for its first investment and expansion outside of Mali.
Societe Burkinabe De Promotion Hoteliere Sa
Mr. Mossadeck Bally, Chairman, SMPH
B.P. 104 Bamako, Mali
Phone: + 223 222 24 92/675 03 82
Fax: + 223 223 89 5
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
01 B.P. 127 Ouagadougou 01, Burkina Faso
HI is an existing site close to the heart of Ouagadougous business and administrative district.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
AA - City and Business Hotel
Total: $2.46 million
2460000.00
2460000.00
Societe Burkinabe De Promotion Hoteliere Sa
Summary of Project Information
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/23959/hotel-independance
XM-DAC-903-SPI-25414
International Finance Corporation
AMSME BACB Project
The project is to provide a senior corporate loan (IFC A loan) of up to $8 million to Banque Agricole et Commerciale du Burkina (BACB or the Bank) as part of the Africa Micro, Small and Medium Enterprise (AMSME) Finance Program (the Program). The Program is an institution-building initiative designed to accelerate the transfer of know-how to banks serving micro, small, and medium enterprises in sub-Saharan Africa. This will be accomplished by providing a parallel package of IFC financing and technical assistance to an eligible group of partner banks, including BACB.
Under the Africa MSME Finance Program, this project will strengthen BACBs funding base and bring about the transfer of technical know-how and best practices to enable BACB to develop a solid platform from which to grow its MSME portfolio. The project will allow BACB to provide much needed financing for small and medium enterprises and will result in an increase in the volume and number of loans to MSMEs.
BANQUE AGRICOLE ET COMMERCIALE DU BURKINA
Mr. Leonce Kone, Managing Director BACB 01 BP 1644, Ouagadougou 01, Burkina Faso Telephone: (226) 50 33 33 33 Fax: (226) 50 31 43 52
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
BACB presently has the largest branch network of all banks in Burkina Faso with 19 branches and one seasonal office. Its headquarters are located in Ouagadougou, Burkina Faso. In addition, the Bank has a network of 5 ATMs.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
AA - Commercial Banking - General
Total: $6.00 million
6000000.00
6000000.00
BANQUE AGRICOLE ET COMMERCIALE DU BURKINA
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25414/amsme-bacb-project
XM-DAC-903-SPI-25491
International Finance Corporation
Banque de l'habitat du Burkina Faso
The proposed project consists of an equity investment in Banque de lHabitat du Burkina Faso (BHBF) in the amount of up to US$600,000 for a 15% stake. The purpose of the project is to support the bank in a critical sector, housing finance, by complementing IFCs investment with a strong advisory services program to strengthen BHBF operations during its critical growth phase, particularly in the areas of risk management and mortgage/property finance. In addition to the bank-specific advisory services program, IFC launched a sector-wide advisory program in Burkina Faso in September 2009 with six participants to help create a viable and sustainable mortgage market.
By supporting the first dedicated housing bank in Burkina Faso, the Project is expected to make a significant contribution to the housing sector in the country by helping to provide a significant portion of the Burkinabe population with an opportunity to access homeownership. IFCs investment will also help mobilize much needed long-term finance to BHBF, which, in turn, will contribute to financial sector strengthening. Finally, the project will help demonstrate the commercial viability of mortgage lending in Burkina Faso.
BANQUE DE LHABITAT DU BURKINA FASO SA
Mr. Pierre Zerbo, Managing Director
Siege Social: 01 B.P. 5585 Ouagadougou 01
Burkina Faso
Tel: +226 50 30 63 33
Fax: +226 50 30 63 37
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
BHBF is headquartered in Ouagadougou, Burkina Faso and has three (3) branches across Burkina Faso.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
AB - Commercial Banking - Housing Finance
Total: $0.60 million
600000.00
600000.00
BANQUE DE LHABITAT DU BURKINA FASO SA
Summary of Project Information
See Environmental and Social Management System (ESMS) summary tab.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25491/banque-de-lhabitat-du-burkina-faso
XM-DAC-903-SPI-26231
International Finance Corporation
Onatel S.A.
The project consists of the upgrade, maintenance and operation of Onatel S.A.s (Onatel or the company) existing fixed and mobile networks in Burkina Faso. Onatel is the incumbent telecom operator in Burkina Faso with approximately 100,000 fixed line subscribers and 7,000 internet subscribers. Through its wholly owned subsidiary Telmob, Onatel also serves approximately 350,000 mobile subscribers, 98% of which are pre-paid. Onatel employs 1,300 people.
The project will offer a wide range of standard and value added fixed and mobile services in Burkina Faso. Given the poor state of the existing telecommunications infrastructure in the country, the project will have a significant development impact for both individuals and businesses. With fixed line penetration of slightly more than 0.7% and mobile penetration of 4.3%, Burkina Faso ranks with the countries with the lowest tele-density worldwide. The project will improve access to reliable and affordable telecommunication services for consumers and businesses. The company projects that fixed and mobile penetration will increase to 1.4% and 28% respectively by 2011.
The project will also support the telecom liberalization process of the Government of Burkina Faso. Burkina Faso started liberalizing its telecommunications sector in 1991 with the help of the World Bank. In 1998 a new telecom law was enacted and the regulatory agency (ARTEL) was created. The private sector has entered Burkina Fasos mobile sector in 2000 (Telecel) and in 2001 (Celtel). The privatization of Onatel in December 2006 and the opening up of the fixed sector to competition are the latest steps towards full sector liberalization.
?MOOV AFRICA BURKINA
Mr. Mohamed Naimi
Onatel S.A.
01 BP 10 000
Ouagadougou 01
Burkina Faso
Tel: +226 7020 1639
E-mail: M.Naimi@iam.ma
The environmental documents will be made available at the above location.
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
The project will be headquartered in Burkina Faso and will provide fixed and mobile telecommunication services, as well as internet access, to both urban and rural areas of the country.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
AB - Fixed Telephony
Total: $41.99 million
11790000.00
30200000.00
11790000.00
?MOOV AFRICA BURKINA
30200000.00
?MOOV AFRICA BURKINA
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26231/onatel-s-a
XM-DAC-903-SPI-27193
International Finance Corporation
Gryphon Minerals Inc
Gryphon Minerals Limited (Gryphon or the Company) has been engaged in exploration of minerals in Burkina Faso since 2005. The Companys key focus is in the advancement of its early-stage exploration project, the Banfora Gold Project (Banfora or the Project), located in south-west Burkina Faso. Over the last few years, Gryphon has conducted aggressive exploration at Banfora which has now yielded impressive discoveries. The Company recently doubled its maiden resources at Banfora to 10.6 million tonnes with an average grade of 2.4 grams per tonne for 820,000 ounces of gold. As a result, Gryphon is placing an increasing emphasis on the development of its Burkina Faso assets and this requires access to more capital. IFC has been invited to provide an equity investment of A$2 million to finance on-going exploration work at Banfora with the aim of proving up adequate resources that would lead to the development of a mine at Banfora. Funds raised will be applied to undertake further work targeting additional increases in resources at Gryphons flagship Banfora project, including: - Funding an in-fill drilling program within the existing defined resource zone; - Funding an ongoing reverse circulation/diamond drilling program following up on high grade extensions along strike at the Project; - Commencing reconnaissance rotary air blast/aircore/auger drilling testing high priority targets ; and - General working capital purposes.
Fit with World Bank Group (WBG) Strategy: The proposed investment is consistent with the WBGs strategic priorities in Burkina Faso. The World Banks strategy for Burkina Faso emphasizes the need to pursue a vision based on regional economic integration, promoting foreign direct investment and export enhancement. The extractive industries is specifically targeted as one of the sectors that should be developed to make optimal use of the countrys limited natural resource base to expand export earnings. The strategy particularly identifies the mining sectors potential to offer a source of long-run, export-led growth. The World Bank and IFCs country strategy focuses on promoting diversification of the economy and supporting project development in mining, with emphasis on junior miners. Development Impact: IFCs involvement in Burkina Fasos growing mining sector will have an important demonstration effect in terms of setting environmental and social standards. IFC will assist Gryphon to handle social, environmental, community development and mine closure issues in line with IFC Environmental and Social Performance Standards. The direct development impacts during the pure exploration and feasibility study stage are expected to be limited. Because the investment predates any feasibility study, it is not yet possible to fully quantify or specify the potential development impacts during production stage. However, expected developmental impacts during production phase include: Demonstration Effect: Burkina Faso is an emerging resource-rich country which has attracted a lot of interest from the global mining community. IFC involvement in the sector could assist in establishing some benchmarks on sustainable resource development. Important demonstration effects include setting environmental and social standards. IFC will assist Gryphon to handle social, environmental, community development and mine closure issues in line with IFC Environmental and Social Performance Standards. Economic Diversification and Community Development: The Project would support the Burkinabe governments efforts to diversify the economy from its current dependence on agricultural production. In addition, the project which is located outside the key centers of commercial activity would generate economic activity in what is otherwise an agrarian-based and under-developed part of the country. Revenues to Government: The Project, once operational, is expected to generate revenues in the form of taxes, dividends and royalties to the host Government and the Project would also generate positive foreign currency flows. Creation of Direct and Indirect Employment: The project could also have a high impact on local economies through the generation of employment opportunities for the local population. The key development indicators that are to be monitored during the life of IFCs investments are: (i) number of projects that would employ industry best practices on sustainable resource development; (ii) number of non-farm economic activities including community development projects that would develop around the project; (iii) the direct and indirect increase in non-farm jobs that would be created around the project; and (iv) amount of taxes, dividends and royalties paid to government as a result of the project.
TERANGA GOLD (AUSTRALIA) PTY LTD
Steve Parsons Managing Director Freemasons Hall 181 Roberts Road Subiaco WA 6008 Tel: 61 (08) 9287 4333 Fax: 61 (08) 9287 4334 www.gryphonminerals.com.au
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
The Project is situated in the Banfora region, south-west of Burkina Faso. The Project area is accessible by road and is in close proximity to the town of Banfora. A 75 kilometres sealed road connects Banfora town to the city of Bobo-Dioulasso and a further 350 kilometres to Burkina Fasos capital city Ouagadougou. The Project area contains five exploration licenses covering a total of about 1,150 km2. The project is located in a gold belt zone across Mali and Burkina Faso that is host to some world class gold deposits.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
BE - Gold
Total: $1.60 million
1600000.00
1600000.00
TERANGA GOLD (AUSTRALIA) PTY LTD
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27193/gryphon-minerals-inc
XM-DAC-903-SPI-29063
International Finance Corporation
Kiaka Gold Project
Volta Resources (Volta or Company) is an advanced mineral exploration company with exploration properties in Burkina Faso, Ghana and Mali. Its key focus is its recently-acquired advanced exploration Kiaka gold project, located in southern central Burkina Faso. Kiaka is located on the highly prospective Birimian greenstone belt, which hosts numerous large gold deposits. It has a historic gold resource calculated by Randgold (the previous owner of the Kiaka gold project) of 2.65 million oz at a grade of 1.01 g/tonne, which was disclosed in Randgolds 2008 annual report (Note that the resource estimate is not NI 43-101 compliant and, as such, caution should be applied when using it).
Volta is seeking an equity investment from IFC, which will help the Company develop a bankable feasibility study, as it transitions from an exploration company into a developer. IFCs engagement will help Volta develop in line with industry best practices in environmental and social sustainability.
The proposed investment will be made before the completion of a full project feasibility study that would confirm the commercial viability of Kiaka. The IFC investment will thus fund exploration and further studies and will not fund the development of a mine or result in any immediate incremental production. Development impacts from exploration activities are typically limited and at this stage mainly limited to local employment.
Should Kiaka be developed into a commercial mining operation, significant development impacts will be realized, including: (i) diversification of Burkina Faso economy away from agriculture; (ii) Government revenue generation and increased foreign exchange earnings; (iii) catalytic effect of the mining projects on other economic activities such as construction, transportation and logistics; (iv) employment opportunities; (v) local business supply chain linkages, given close proximity to Ouagadougou; and (vi) community benefits through development programs (health, education, etc.) established by Volta.
However, during this advanced exploration stage, the key impacts to monitor will include: (i) completion of drill program establishing an international standard resource; (ii) completion of feasibility study confirming a mineable resource; (iii) the mobilization of development financing and start of development activities; (iv) completion of Environmental and Social Impact Assessment and Stakeholder Engagement Plan.
B2Gold Corp
Kevin Bullock
CEO and PresidentSuite 602 - 67 Yonge StreetToronto, OntarioCanada M5E 1J8Tel: 416-867-2299Fax: 416-867-2298 Email: questions@voltaresources.comWeb Site: www.voltaresources.com
International Finance Corporation
+12024733800
ccspg@ifc.org
www.ifc.org
2121 Pennsylvania Avenue, NW Washington DC 20433
Burkina Faso
The Kiaka gold project is located 140 km south-east of Ouagadougou, the capital of Burkina Faso. Access to the site is generally very good with 100 km of paved road from Ouagadougou to Manga and 40 km of gravel road to the Kiaka Camp. The Kiaka exploration license covers 244km2 and its development is expected to have a beneficial impact on the small villages locally within the area. A total of about 3,700 local people live in small scattered villages in the area and are involved in animal husbandry and farming the fertile river basin land. While artisanal mining is an issue at many mining projects in Burkina Faso, the comparatively lower grades at Kiaka mean that only very few artisanal miners work there.
Location description
A description that qualifies the activity taking place at the location.
12.5000000000 -1.6666700000
BE - Gold
Total: $13.23 million
13230000.00
13230000.00
B2Gold Corp
Summary of Project Information
See sections Identified Applicable Performance Standards, Stakeholder Engagement, Environmental and Social Action Plan, E&S Categorization Rationale.
Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29063/kiaka-gold-project