Eni PanAfrica (IFC-50728)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Angola
  • Congo, Democratic Republic of
  • Mozambique
Geographic location where the impacts of the investment may be experienced.
Specific Location
Loudima, DRC; Namialo, Mozambique
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Sep 30, 2026
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.
Borrower
ENI Natural Energies S.p.A.; ENI SpA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Energy
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 250.00 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.
Loan Amount (USD)
$ 250.00 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.
Project Cost (USD)
$ 400.00 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 Aug 17, 2026

Disclosed by Bank Aug 5, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.

As stated by the IFC, the Project targets agri feedstock produced regionally in the Republic of Congo (Congo), Mozambique and Angola from crops grown on severely degraded land and intermediate crops in rotation with food crops, certified under EU Renewable Energy Directive (EU-RED III) standards. Production is carried out by aggregators working with local farmers and commercial farmers on their own land. Feedstock is processed in oil extraction plants (Agri Hubs), by Eni Natural Energies S.p.A. (Ene), a subsidiary of Eni S.p.A. (Eni), the Italian integrated energy company operating across the energy value chain in 62 countries with over 32,000 employees. Ene is responsible for producing vegetable oil for shipment to biorefineries of Eni in Italy. Extraction by-products from the feedstock are sold to animal feed and fertilizer market. To meet EU sustainability requirements, Eni’s biofuel supply chains are certified under ISCC-EU and the Italian National Scheme (INS).  

Beneficiaries: ENI Natural Energies S.p.A. Sucursal em Angola; ENI Natural Energies Congo S.A.U.; ENI Natural Energies Mozambico S.r.L

Use of Proceeds: Financing proceeds will support general corporate purposes in Angola, Mozambique and Congo, including: (i) construction and operation of agro-processing hubs and related logistics to collect and process oilseeds into oil and cake, including through third-party hubs; (ii) tolling fees; (iii) agri-equipment purchases, including mechanization components and agri-inputs, for use by farmers and aggregators; (iv) working capital to source oilseeds from local farmers, aggregators and intermediaries and (vi) other related financing needs agreed by the parties, provided they align with the Paris Climate Agreement objectives.

ENE Congo’s agri-hub is located in Loudima. The proposed location for ENE Mozambico’s agri-hub is Namialo. ENE Angola currently does not have a planned agri-hub.

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

According to the IFC -

Project Cost: US$400 million. The proposed IFC investment is a corporate loan of up to US$250 million for IFC’s own account, plus up to US$150 million mobilized from other parties.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, Eni Natural Energies S.p.A. (Ene) is wholly owned by Eni - an integrated energy company operating across the energy value chain in 62 countries with over 32,000 employees. It has significant exploration and production activities in conventional oil and gas, markets gas and liquefied natural gas (LNG), and is expanding into new energies and decarbonisation services, including solar and wind power, biofuels, biochemistry, Carbon Dioxide (CO2) capture and sequestration, and research into new energy paradigms such as magnetic fusion and chemical recycling of plastics. In 2020, Eni developed a decarbonization strategy https://www.eni.com/en-IT/sustainability/decarbonization.html and an action plan to reach net zero Scope I and II GHG emissions by 2035 and Scope III emissions by 2050. It also aims for decarbonized gas to represent at least 90% of total production beyond 2040.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Eni SpA Client Energy

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.

Client - ENE Natural Energies SpA:

Emiliano Racano - CEO
Phone: +39 025201
Email: emiliano.racano@eni.com
Address: Via Emilia, 1, 20097, San Donato Milanese, Milan, Italy
Website: https://www.eni.com/en-IT/home.html

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works