TND (IFC-47009)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Mauritania
Geographic location where the impacts of the investment may be experienced.
Specific Location
Commune of Ouad Naga, Teyba, Nouakchott
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
Approved
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
Dec 14, 2023
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
TEWFIK EL NAJEM DRISS SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
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)
$ 6.43 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.
Currency conversion note:
Bank reported 6
Converted using 2023-09-06 exchange rate.
Loan Amount (USD)
$ 6.43 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.
Currency conversion note:
Bank reported 6
Converted using 2023-09-06 exchange rate.
Project Cost (USD)
$ 22.84 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.
Currency conversion note:
Bank reported 21.3
Converted using 2023-09-06 exchange rate.
Bank Documents
Community Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 29, 2024

Disclosed by Bank Sep 6, 2023

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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.

As stated by the IFC, the proposed investment is a loan of up to EUR 7 million to TND SA, as part of a EUR 21.3m greenfield poultry project comprise of three (3) layer farms, six (6) broiler farms (each having 16 broiler houses), and a slaughterhouse. The project will include four sites in the Commune of Ouad Naga (approx. 30 km southeast of Nouakchott) covering 135 ha, and a feed mill to be constructed on a 4 ha plot approx. 10 km southeast of the Port of Nouakchott. All the produce (eggs, frozen/fresh broiler chicken, and feeds) will be supplied to the local market. TND has partnered with NTD France as a turnkey contractor with a five-year operational technical assistance. Established in 2021, TND has over 10 years of experience in the food products distribution business in Mauritania and has established logistics infrastructure and access to over 10,000 retail points in the country.                                                

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
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, TND is 75% owned by Telmidy El Najim Driss, a Mauritanian entrepreneur, and 25% by the Fund for Export Development in Africa, a subsidiary of Afreximbank.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - NTD France Contractor Agriculture and Forestry
African Export-Import Bank Parent Company Finance owns Fund for Export Development in Africa Investor Finance

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.

General IFC Inquiries - IFC Communications:

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

Client - TEWFIK EL NAJEM DRISS SA:

Mr. El Najim Driss Mohamed Telmidy - Founder, CEO
Phone: +222 26 14 40 78
Email: driss@tndsarl.com
Address: Ilot ZRE ND2 Villa N° :539 Tevragh Zeina – Nouakchott – Mauritania

The environmental documents will be accessible at:

- TEWFIK EL NAJEM DRISS SA, Ilot ZRE ND2 Villa N° :539 Tevragh Zeina – Nouakchott – Mauritania; and

- Thiane Dia - Executive Assistant, Public Information Center, The World Bank Mauritania Country Office, Lot N. 02 F Nord Liaison Ksar, BP 667 Nouakchott, Mauritania.

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

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How it works