44257
ADDAX ENERGY SA
Mar 29, 2022
Mauritania
Africa
Jun 10, 2020
B - Limited
Completed
Jul 21, 2023
CM3P6 - Regional Industry - MAS Africa/MAS Portf West/Ctrl/South Africa
Financial Markets
Approved : Jun 10, 2020
Signed : Jun 18, 2020
Invested : Jun 23, 2020
Commercial Banking - Trade and Supply Chain
The project consists of an investment of USD 40 million by IFC to be part of a revolving structured commodity trade finance facility (the “Facility”), arranged by Société Générale Corporate & Investment Banking (“SG CIB”) for Addax Energy S.A. (“Addax”) to finance imports of petroleum products in Mauritania.
IFC previously financed Addax’s imports of energy products into Mauritania during 2018-2020. The relevant disclosure is available through the link at https://disclosures.ifc.org/project-detail/SII/41069/gtst-mauritania-2018.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Addax Energy S.A
12, Rue Michel Servet; 1211 Genève 12; Suisse