IFC invests in two trade finance facilities to support imports of crucial energy products

WEST AFRICA – IFC has invested in two trade finance facilities arranged by Société Générale for Addax Energy S.A to support imports of crucial energy products into several West African countries. IFC’s US$20 million investment in a US$230 million facility will help Addax finance imports of refined petroleum products into Benin, Côte d’Ivoire, Senegal, and Sierra Leone and distribute the products in Burkina Faso, the Gambia, Guinea, Mali, and Niger. An IFC investment of US$40 million in a second facility also arranged by Société Générale for Addax, will finance the…

Read More