PROJECT

Projects

Summary of Investment Information

Project Number

39592

Company Name

ETHIOPIAN PETROLEUM SUPPLY ENTERPRISE

Date SPI Disclosed

Apr 14, 2017

Country

Ethiopia

Region

Africa

Projected Board Date

May 19, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Gbl Ind, Manufact, Agribus & Services

Industry

Financial Markets

Previous Events

Approved : Jun 1, 2017
Signed : Jun 14, 2017
Invested : Jun 14, 2017

Sector

Trade Finance

Project Description

IFC and Natixis are considering to establish a facility to enable an international energy trading company to sell petroleum products to Ethiopia for the year 2017. This facility will help secure fuel supply to the second most populated country in Sub-Saharan Africa and one of the fastest growing economies in Africa. IFC has financed imports of petroleum products into Ethiopia since 2013, and relevant disclosures are listed below:

* GTST Ethiopia Trade Facility - https://disclosures.ifc.org/#/projectDetail/SII/32846
* GTST Ethiopia II - https://disclosures.ifc.org/#/projectDetail/SII/34934
* GTST Ethiopia 3 - https://disclosures.ifc.org/#/projectDetail/SII/36565

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation