Gaselia Group (IFC-40016)

Countries
  • Mali
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 18, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
GASELIA INDUSTRIES GROUP S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 27.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 24
Converted using 2018-06-21 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 14, 2019

Disclosed by Bank Apr 12, 2018


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Project Description

The proposed investment consists of: (i) a €13 million senior A loan; and (ii) an €11 million parallel loan mobilized by IFC. The loans will be made to Gaselia Industries Group, an existing IFC client and one of the largest beverage and packaging groups in West Africa. The funds will be mainly used to finance (i) the expansion of the Group’s production capacities in Côte d’Ivoire and Mali, and (ii) its greenfield soft drink project in Guinea.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • GASELIA INDUSTRIES GROUP S.A. -- Implementing Company
Contact Information

Gaselia Industries Group
Ms. Kadidia SYLLA-KONE
Corporate Secretary
+225-04-04-09-27
k.sylla@gaselia-group.com
BAGNAME, Zone Industrielle Route de Sotuba, Bamako, Mali

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/