PROJECT

Projects

Summary of Investment Information

Project Number

42041

Company Name

MEDLOG SA

Date SPI Disclosed

May 14, 2021

Country

Africa Region

Region

Africa

Projected Board Date

Jun 17, 2021

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 15, 2023

Department

Regional Industry - INF Africa

Industry

Infrastructure

Previous Events

Approved : Jun 18, 2021
Signed : Jun 28, 2021
Invested : Jan 12, 2022

Sector

Other (Including General Freight Trucking)

Project Description

The Project will provide financing to Medlog S.A. (“Medlog” or the “Company”) to expand its logistics operations globally by (i) investing in hard assets (e.g. land, warehouses, trucks, etc.) and (ii) developing additional services (e.g. customs clearance, digitization, blockchain technology, etc.) as needed for its markets which are eligible under IFC’s financing (the “Project”). Medlog is part of the cargo division of MSC Mediterranean Shipping Company Holding S.A. (“MSC” or the “Group”), the world’s second largest container shipping line.

Associated Advisory Engagement

                                  

Sponsor / Cost / Location

E&S Category Rationale / Risks and Mitigation