PROJECT

Projects

Summary of Investment Information

Project Number

40141

Company Name

SAHARA GROUP

Date SPI Disclosed

Jan 22, 2018

Country

Africa Region

Region

Africa

Projected Board Date

Feb 28, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Dec 8, 2020

Department

Regional Industry - MAS Africa

Industry

Financial Markets

Previous Events

Approved : May 30, 2018
Signed : Sep 14, 2018

Sector

Commercial Banking - Trade and Supply Chain

Project Description

 The project consists of an investment of up to US$100 million by IFC to be part of a revolving uncommitted trade finance facility of US$300 million (the “Facility”), arranged by Société Générale, Paris (“ Société Générale ”) for Sahara Energy Resources Limited (“SERIOM”) and Sahara DMCC (“DMCC”), both subsidiaries of Sahara Group (“Sahara”).   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation