Project Category
Project Category
BANKING AND FINANCIAL SERVICES
Project Description
Project Description
IFC, Natixis, along with a number of other commercial lenders are considering to establish a facility of up to US$ 350 million in favor of Vitol Bahrain E.C. ("Vitol Bahrain") related to imports of petroleum products in Ethiopia for the year 2015. This facility will help secure fuel supply to the second most populated country in Sub-Saharan Africa and one of the fastest growing economies in Africa. Of the total facility amount, IFC`s exposure will be up to US$ 100 million in a form of direct parallel lending. IFC has financed imports of petroleum products in Ethiopia in 2013 and 2014. (IFC project number 32846 and 34934 respectively)
Country
Country
Ethiopia
Our Reference Number
Our Reference Number
2000518150504
 
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