OCP Africa CF (IFC-43582)

  • Ghana
  • Kenya
  • Nigeria
  • Tanzania
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 24, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 30, 2021

Disclosed by Bank May 25, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed investment is a $100 million (equivalent in euros) senior unsecured loan to OCP SA to finance the Company and the following subsidiaries’ (the “Group”) facilities and agri-ecosystem development program in Senegal, Cote d’Ivoire, Nigeria, Ethiopia, Ghana, Kenya and Tanzania (the “Project”):

(a)   Three greenfield blending and warehousing facilities in Nigeria in Ogun (FlowerGate Industrial Estate off the Sagamu- Abeokuta Express Way), Kaduna and Sokoto (Barkinkusu community of Wamakko LGA, Kalambaina) (together referred as “Nigeria facilities”). The facilities are under construction on 7 hectares (ha), 10 ha, 10 ha plots of land leased by the local state governments and are expected to be operational by November 2021, July 2021 and August 2021 (respectively).

(b)   Operation of blending and warehousing facilities in Ethiopia (together referred as “Ethiopia facilities”).

(c)   Construction of a greenfield blending and warehousing facility in PK24 Industrial Area/Special Economic Zone (SEZ), about 20 km north west of Abidjan in Cote D’Ivoire (“Abidjan facility”). The facility will be developed on a 4.7 ha plot leased by Ministry of Trade, Industry and SME Promotion. Construction is expected to start in Q3 of 2021 and is expected to be operational in Q2 2023.

(d)   Construction of a greenfield storage and packing facility in an SEZ at Sandiara, Thies Region in Senegal (“Senegal Facility”). The facility is being developed on 6 ha plot allocated by the City Council of Sandiara.

(e)   Providing capacity building and advisory services to farmers through “agri-booster” program (providing critical inputs such as seeds and fertilizers, equipment, financing services, and training); OCP School lab (by offering interactive training sessions, and soil testing through mobile labs on trucks) and Project JOKO (support farmers in increasing their productivity and profitability). In addition to the countries mentioned above with blending and storage facilities, these programs will focus on Ghana, Kenya and Tanzania.

All facilities financed under the project are together referred to as “project facilities” in the following sections. The main operations at the project facilities (except Senegal facility) are expected to include storage of imported fertilizers in respective bays, mechanical blending, packing (in bags), storage in warehouses and dispatch. The Senegal facility will essentially be only a storage and packing facility. Additionally, the facilities may also have a training center and one-stop shops providing seeds and fertilizers, equipment and financing to the farmers. 


Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Mr. Younes Addou

Vice President – Finance

2-4 Rue Al Abtal,

Hay Erraha, 20200

Casablanca, Morocco.

+212 (0)5 22 92 45 17



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