50551
ECOM AGROINDUSTRIAL CORP. LIMITED
Nov 27, 2024
Africa Region
Africa
Jan 30, 2025
A - Significant
Active
Sep 11, 2025
CM3AA - Regional Industry - MAS Africa/MAS Agri - Nth, Wst, Cnt Africa
Agribusiness and Forestry
Approved : Jan 30, 2025
Signed : Feb 7, 2025
Invested : Feb 24, 2025
Coffee, Cocoa, Tea
The proposed IFC investment to ECOM Agroindustrial Corp. Ltd. (ECOM or the Company) of up to US$230 million comprises: (1) a US$200 million 4-year A Loan facility that is renewable annually; and (2) a US$30 million 4-year C Loan that is renewable annually after the first 2 years. Use of proceeds are aimed at funding working capital for ECOM's cocoa business in Cote d'Ivoire and Ghana.
At the first renewal of the A Loan facility, IFC will increase its investment by up to US$50 million and will arrange a syndicate for an amount up to US$150 million.
ECOM is an existing IFC client. The investment would enable ECOM to strengthen its balance sheet; sustain offtake volumes and finance cocoa farmers; and invest into its sustainable cocoa supply chain.
To be discussed with the Company.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
ECOM Cote d'Ivoire and Ghana.