48045
ADDAX ENERGY SA
Jun 14, 2023
Africa Region
Africa
Jul 14, 2023
B - Limited
Active
Oct 28, 2023
Regional Industry - MAS Africa
Financial Markets
Approved : Oct 5, 2023
Signed : Oct 20, 2023
Invested : Oct 26, 2023
Commercial Banking - Trade and Supply Chain
The project consists of a funded participation by IFC in two syndicated borrowing base commodity-backed trade finance facilities (referred to as Facilities or BBFs) for up to USD 40 million each, arranged by Société Générale Corporate & Investment Banking for Addax Energy S.A. (“Addax”) to finance imports of petroleum products in Mauritania and West African countries.
IFC has previously financed Addax's imports of energy products into Mauritania since 2020 and into West African countries such as Benin, Burkina Faso, Côte d’Ivoire, Mali, Senegal, and Sierra Leone starting in 2021.
The relevant disclosures are available respectively through the following links at:
https://disclosures.ifc.org/project-detail/SII/44257/rse-covid-gtst-mauritania
https://disclosures.ifc.org/project-detail/SII/44969/gtst-aesa-waf20
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For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Not Applicable