PROJECT

Projects

Summary of Investment Information

Project Number

46764

Company Name

SOCIETE INDUSTRIELLE AGRO-ALIMENTAIRE S.A

Date SPI Disclosed

Nov 19, 2022

Country

Senegal

Region

Africa

Projected Board Date

Dec 20, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Mar 22, 2023

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Dec 22, 2022
Signed : Dec 23, 2022
Invested : Mar 20, 2023

Sector

Soft Drink

Additional Project Attributes

Blended Finance

Project Description

  The proposed loan of up to €8.3 million (the IFC Loan) to SIAGRO S.A. (the “Company”, the “Borrower” or “Kirene”), a still and carbonated soft drinks (CSD) processing company, is to support the Borrower’s investment program and includes: (i) expanding production capacity; (ii) Green building standards and certification, and (iv) working capital requirements.

The project is expected to be supported by the Canada-IFC Blended Climate Finance Program (BCFP), as described in the Blended Finance Section.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation