PROJECT

Projects

Summary of Investment Information

Project Number

37613

Company Name

SGI AFRICA SASU

Date SPI Disclosed

Feb 16, 2016

Country

Africa Region

Region

Africa

Projected Board Date

Mar 18, 2016

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Africa

Industry

Tourism, Retail and Property

Previous Events

Approved : Jun 28, 2016

Sector

Construction and Real Estate

Project Description

The Project consists of the phased construction and operation of 19 greenfield shopping centers across West and Central African countries at an estimated cost of approximately€500 million. The Project Company is SGI Africa SAS ("SGI Africa" or “the Company''''), the property development and management arm of CFAO Retail, the retail division of CFAO S.A. ("CFAO" or the "Group" or the “Sponsor"). CFAO is a front-ranking specialized distributor and preferred partner of major international brands, serving the high-potential equipment & services, healthcare and consumer goods markets in Africa and the French overseas territories. CFAO is partnering with Carrefour S.A., one of the world''s largest international food retailers as the Project''s selected anchor tenant for the proposed shopping centers.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation