PROJECT

Projects

Summary of Investment Information

Project Number

50551

Company Name

ECOM AGROINDUSTRIAL CORP. LIMITED

Date SPI Disclosed

Nov 27, 2024

Country

Africa Region

Region

Africa

Projected Board Date

Jan 30, 2025

Environmental Category

A - Significant

Status

Active

Last Updated Date

Sep 11, 2025

Department

CM3AA - Regional Industry - MAS Africa/MAS Agri - Nth, Wst, Cnt Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Jan 30, 2025
Signed : Feb 7, 2025
Invested : Feb 24, 2025

Sector

Coffee, Cocoa, Tea

Project Description

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.

Associated Advisory Engagement

To be discussed with the Company.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation