Sosagrin-IBS (IFC-40131)

  • Senegal
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
Bank Risk Rating
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 21, 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.
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.56 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
Converted using 2018-06-21 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 25, 2019

Disclosed by Bank Apr 20, 2018

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Project Description

The proposed loan of up to EUR 10 million, to Société Sénégalaise Agro-Industrielle (“Sosagrin”) and Industrie des Boissons du Sénégal (“IBS”) (together with Sosagrin the “Borrowers”), is to support the Borrowers’ investment program, and includes: (i) acquiring a new greenfield site and building new production and warehouse facilities; (ii) expanding production capacity; (iii) implementing a packaging recycling program; and (iv) working capital requirements.

Investment Description
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description

Sosagrin and IBS are primarily owned and managed by the El Sahili family (the “Sponsors”). The founder, Mr. Kassim El Sahili, is joined by his two sons, Mr. Rouda El Sahili and Mr. Mohamed El Sahili in managing the businesses.

Contact Information

Mr. Rouda El Sahili
General Manager
+221 33 832 18 88
Rue n.6, Km 4,5 Bd du CC de Dakar – BP 21434 Dakar – Senegal


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