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To support imports of crucial energy products into several West African countries, International Finance Corporation (IFC) has invested in two trade finance facilities arranged by Société Générale for Addax Energy S.A. IFC’s $20 million investment in a $230 million facility will help Addax finance imports of refined petroleum products into Benin, Côte d’Ivoire, Senegal, and Sierra Leone and distribute the products in Burkina Faso, the Gambia, Guinea, Mali, and Niger. An IFC investment of $40 million in a second facility also arranged by Société Générale for Addax, will finance the entirety of Mauritania’s imports of fuel and transport petroleum in 2021 and 2022. Addax is the trading arms of Oryx Energies SA, one of Africa’s largest independent providers of oil and gas products and services.

Burkina fasoSierra leoneWorld bank groupAddax energyInternational finance corporationWest africanOryx energiesStephen parisChief financial officerWest africaAliou maigaபுர்கினா ஃபாஸொசியரா லியோன்உலகம் வங்கி குழுசர்வதேச நிதி நிறுவனம்ஆரைக்ஸ் ஆற்றல்கள்