GWFP Touton NIG (IFC-53925)

Countries
  • Nigeria
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
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
Oct 22, 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
Touton SAS
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • 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)
$ 10.00 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)
$ 50.00 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 8, 2026

Disclosed by Bank Sep 22, 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.

 

According to bank provided information, the proposed investment is an unfunded risk participation for up to US$ 10 million in a US$50 million uncommitted bilateral revolving transactional trade finance facility extended by Banque Internationale de Commerce-BRED (Suisse) SA (BIC-BRED) (the BIC-BRED Facility) for Touton SAS (Touton), leading global cocoa, coffee and vanilla commodity trader for more than 150 years, to finance the procurement and storage of traceable cocoa from Nigeria (the Facilities, the Project).                    

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

Total financing of the Bank will be up to US$50 million in an uncommitted transactional trade finance facility with IFC's investment of up to US$10 million in the form of an unfunded and disclosed participation.                                                 

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.

Touton is a leading France-headquartered agro-industrial group with a global footprint spanning 15 offices worldwide that was recently acquired by Hartree Partners LP, a leading global commodity merchant active across a wide array of commodity markets. Touton is among the world's top cocoa traders, purchasing approximately 350,000 metric tons of cocoa annually and accounting for around 8% of global cocoa trade. Cocoa is the core of the Group's business, representing about 75% of its total revenues, with total trading volumes ranging between 300,000 and 400,000 metric tons of cocoa bean equivalents per year. Touton has a long-established presence across key producing origins and is one of the largest exporters of cocoa from Cote d'Ivoire as well as one of the leading exporters from Cameroon, reflecting its strong sourcing, logistics, and market positioning in major cocoa-producing regions.

Banque Internationale de Commerce - BRED (Suisse) SA ('BIC-BRED' or the 'Bank') is based in Geneva and is a wholly owned subsidiary of BRED Banque Populaire, Paris. The Bank was initially established as a branch in 1991 then obtained a full banking license in August 2015 from the Swiss Financial Market Supervisory Authority (FINMA). The mission of the Bank is to finance companies engaged in the trade of energy, agricultural and metal commodities. BIC-BRED covers four sectors related to commodities trade finance to support its customers, including Financial Institutions, FX & Interest rate covers, Trade Finance and Corporate Services.                    

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Cocoa Touton Processing Co Client Industry and Trade

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.

For Inquiries About the Project, Contact

Touton

+33 5 56 69 33 69

contact@touton.com

1, rue Rene MagneCidex 1333083 Bordeaux CedexFRANCE

https://touton.com/

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