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IFC supports fuel imports in West Africa – New Business Ethiopia


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 Faso , Sierra Leone , World Bank Group , Addax Energy , International Finance Corporation , West African , Oryx Energies , Stephen Paris , Chief Financial Officer , West Africa , Aliou Maiga , புர்கினா ஃபாஸொ , சியரா லியோன் , உலகம் வங்கி குழு , சர்வதேச நிதி நிறுவனம் , ஆரைக்ஸ் ஆற்றல்கள் , ஸ்டீபன் பாரிஸ் , தலைமை நிதி அதிகாரி ,