According to bank provided informationhe project consists of an investment of USD 40 million by IFC to be part of a revolving structured commodity trade finance facility (the “Facility”), arranged by Société Générale Corporate & Investment Banking (“SG CIB”) for Addax Energy S.A. (“Addax”) to finance imports of petroleum products in Mauritania. IFC previously financed Addax’s imports of energy products into Mauritania during 2018-2020. The relevant disclosure is available through the link at https://disclosures.ifc.org/project-detail/SII/41069/gtst-mauritania-2018.
The total amount of the Facility is around USD 215 million, with an IFC investment as a direct lender of up to USD 40 million.
Addax Energy SA is the trading arm of Oryx Energies SA (“Oryx”). Oryx is a Swiss company, majority-owned by private investment group, The Addax and Oryx Group Plc. Oryx has a presence in over 15 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.
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