• Africa
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
Jun 24, 2019
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.
  • Agriculture and Forestry
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)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 26, 2019

Disclosed by Bank Jun 18, 2019

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Project Description

According to bank documents, the proposed project involves the second renewal of the existing syndicated funded risk sharing facility with Standard Chartered Bank for a trade finance facility of US$250 million to support ETC Group agri commodity trader’s import of fertilizers in Sub-Saharan Africa (SSA) and export of cash and food grains, storage. IFC’s investment amount will be up to US$10 million. The Project will support the import, storage and sales of fertilizers in SSA countries such as Benin, Kenya, Tanzania, Mozambique, Ivory Coast, and export of agri commodities. Commodities financed by the project are bought from mostly smallholder farmers in SSA and sold to wholesalers, cooperatives, NGOs and governments in various IDA countries and into the international market. This project is linked to GWFP ETG SCB III

Investment Description
  • International Finance Corporation (IFC)

Total project cost will be up to US$250 million with IFC’s investment of up to US$10 million in the form of a funded participation.  

Private Actors
Contact Information

Standard Chartered Bank 
Nicolas Langlois 
+65 6596 4121 
Boulevard, Level 22 (018981) Singapore 


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