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According to the Bank’s website, Catramp SA seeks to invest €10.1 million to expand and modernize its sites and launch operations into Chad and CAR. The Project is expected to be supported by the IDA Private Sector Window Blended Finance Facility (IDA PSW BFF) through a First Loss Guarantee (FLG). The Project will be financed through a proposed €7.5 million IFC senior loan benefitting from a 21% IDA PSW FLG, and €2.6 million shareholder equity.
This is a Category B project in accordance with IFC’s Policy on Environmental and Social (E&S) Sustainability, Based on IFC’s review, the project is expected to have limited adverse E&S risks and/or impacts which are generally site-specific, and readily addressed through established mitigation measures.
The key E&S issues associated with the Project include: a) adequate assessment of E&S risks and impacts of the existing assets and future expansion activities and adequate management and monitoring in line with IFC PSs requirements; (b) assurance of fair, safe and healthy working conditions for workers, in line with IFC PS2 and legal requirements during both construction and operation; (c) management of solid waste ; (d) transportation safety and associated safety and security impacts on local communities; and (e) stakeholder engagement, including the implementation of effective community grievance management.
The proposed €10.1m project involves (i) the expansion and refurbishment of existing warehousing and open storage facilities in Douala and Kribi and (ii) a greenfield expansion into the underserved landlocked FCS markets of Chad and Central African Republic (CAR). It will be financed by €7.5m senior debt and €2.6m equity. Senior debt will be provided by IFC and the equity will be injected prior to the debt disbursement.
Catramp SA is a leading warehousing and logistics operator in Cameroon with facilities in Douala and Kribi.
The Project Sponsor is Justin Talom, who owns 70% of Catramp directly and 15% through his holding company T’s Corporation. The remaining 15% are held by Jean Kuate, a local entrepreneur.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Catramp S.A. | Client | - |
Catramp S.A.
Justin Talom
CEO
+237 699 91 20 32
talom_justin@yahoo.fr
BP 3748, Douala, Cameroon
https://catrampsa.com/fr/
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