PROJECT

Projects

Summary of Investment Information

Project Number

44969

Company Name

ADDAX ENERGY SA

Date SPI Disclosed

Feb 1, 2021

Country

Africa Region

Region

Africa

Projected Board Date

Mar 3, 2021

Environmental Category

B - Limited

Status

Completed

Last Updated Date

May 22, 2024

Department

Regional Industry - MAS Africa

Industry

Financial Markets

Previous Events

Approved : Mar 31, 2021
Signed : Mar 31, 2021
Invested : Apr 16, 2021

Sector

Commercial Banking - Trade and Supply Chain

Project Description

 

The proposed project consists of funded participation of up to US$40 million by IFC in a revolving syndicated commodity trade finance facility (the “Facility”), arranged by Societe Generale Corporate & Investment Banking (“SG CIB”) for Addax Energy S.A. to finance imports of petroleum products to West Africa.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation