PROJECT

Projects

Summary of Investment Information

Project Number

40131

Company Name

SOSAGRIN-IBS

Date SPI Disclosed

Apr 20, 2018

Country

Senegal

Region

Africa

Projected Board Date

May 21, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS ME & Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 21, 2018
Signed : Jun 29, 2018
Invested : Dec 21, 2020

Sector

Soft Drink

Project Description

The proposed loan of up to EUR 10 million, to Société Sénégalaise Agro-Industrielle (“Sosagrin”) and Industrie des Boissons du Sénégal (“IBS”) (together with Sosagrin the “Borrowers”), is to support the Borrowers’ investment program, and includes: (i) acquiring a new greenfield site and building new production and warehouse facilities; (ii) expanding production capacity; (iii) implementing a packaging recycling program; and (iv) working capital requirements.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation