CIDT is incorporated in Cote d’Ivoire as a private limited company. CIDT was a state-owned company founded in 1973 until up to January 2017 when the residual part of this historical company was privatized through a competitive bidding. COIC acquired 90 percent of stake  while the Ivorian State kept the remaining 10 percent. The Parent Company, COIC, is also one of the 5 active ginning companies in CDI and is 100 percent owned by the Ivoirian businessman M. Kone Daouda Soukpafolo.                                                   

 The total project cost is estimated at around €25.6 million. IFC will provide a corporate facility of €15.4 million via an own account A Loan of €7.7 million with another €7.7 million from the Blended Finance Private Sector Window of the Global Agriculture and Food Security Program (GAFSP-PSW), as further described in the Blended Finance Section. The remaining financing is provided by the Company’s Internal Generated Cash.                                                  

 As part of the Project, a 40,000 mtpa state-of-art plant will be built in Tieningboué (Mankono Region, central CDI). Other operations will take place in Mankono, Bouaké and Séguela.                                                  

This is a Category B project according to IFC's Policy on Environment and Social Sustainability (2012). Based on information reviewed by IFC, the proposed project will have limited adverse environmental and social (E&S) impacts that are few, site specific, largely reversible, and readily addressed through existing mitigation measures and good international industry practices (GIIP).

Key E&S risks and issues associated with the project include: (a) need to conduct an E&S assessment in line with applicable legal requirements and IFC PSs for the proposed ginning plant; (b) confirmation that the company has sufficient E&S systems and staffing to manage construction and operations of new/existing plants and an expanded supply chain in line with IFC’s PSs; (c) assurance of fair, safe and healthy working conditions in line with IFC PSs (including on gender based violence) and those requirements within Ivorian regulation both during construction and operations; (d) those related to provision of security management; (e) management of emissions and waste as per World Bank Group Environmental (WBG) EHS Guidelines; (e) avoidance/mitigation of any impacts on communities; and (f) implementation and management of IFC PS2 and IFC PS6 requirements in the company’s cotton seed supply chain.