As stated on the project disclosure page, the project consists of a funded participation by IFC in two syndicated borrowing base commodity-backed trade finance facilities for up to USD 40 million each, arranged by Société Générale Corporate & Investment Banking for Addax Energy S.A. to finance imports of petroleum products in Mauritania and West African countries.
IFC has previously financed Addax's imports of energy products into Mauritania since 2020 and into West African countries such as Benin, Burkina Faso, Côte d’Ivoire, Mali, Senegal, and Sierra Leone starting in 2021.
As stated by the IFC, the total amount of the Mauritania Facility is estimated at USD305 million, with a proposed IFC investment as a direct lender of up to USD40 million.
The total amount of the West Africa Facility is around USD335 million, with an IFC investment as a direct lender of up to USD 40 million.
As stated by the IFC, Addax Energy S.A. 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 15 sub-Saharan countries and it sources, supplies, stores and distributes petroleum products needed by consumers, businesses and maritime operations across sub-Saharan Africa for over 30 years.
As stated on the company's website, since 1967, Société Générale Corporate & Investment Banking has been committed to supporting corporates, financial institutions and investors. We deliver worldwide expertise in investment banking, global finance and global markets.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Oryx Energies S.A.||Parent Company||Energy||owns||Addax Energy S.A.||Client||Energy|
|The Addax and Oryx Group Plc||Parent Company||Energy||owns||Oryx Energies S.A.||Parent Company||Energy|
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Client - Addax Energy S.A.:
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