The project consists of an investment of up to USD 40 million by IFC to be part of a revolving structured commodity trade finance facility, arranged by Societe Generale Corporate & Investment Banking for Addax Energy S.A. to finance imports of petroleum products in Mauritania for the period 2018-2020.
Addax Energy SA is the trading arm of Oryx Energies SA. Oryx is a Swiss company, majority-owned by private investment group, The Addax and Oryx Group Plc. Oryx has a presence in over 20 sub-Saharan countries and it sources, supplies, stores and distributes the oil and gas products needed by consumers, businesses and maritime operations across sub-Saharan Africa for over 30 years.
Addax Energy S.A.
Chief Financial Officer
+41 22 702 9000
12, Rue Michel Servet; 1211 Genève 12; Suisse
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/