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Titre : Société Sénégalaise Agro-Industrielle (“Sosagrin”) and Industrie des Boissons du Sénégal (“IBS”)

Pays : Senegal
Localisation : The 27,000-sq. meter new project site is in Diamniadio, Senegal.

Actual Start Date : 2020-12-21

Identifiant IATI : XM-DAC-903-SII-40131

Présentation
The proposed loan of up to EUR 10 million, to Société Sénégalaise Agro-Industrielle (“Sosagrin”) and Industrie des Boissons du Sénégal (“IBS”) (together with Sosagrin the “Borrowers”), is to support the Borrowers’ investment program, and includes : (i) acquiring a new greenfield site and building new production and warehouse facilities ; (ii) expanding production capacity ; (iii) implementing a packaging recycling program ; and (iv) working capital requirements.

Objectifs
The project impacts are centered around : * - Sustainability, especially through Sosagrin’s envisioned glass recycling program. * - Employment, whereby the Project is expected to create 100-200 new direct jobs. * - The Companies stakeholders, namely their (i) distributors/buyers through increased sales volumes, and (ii) local suppliers through increased purchases.

Moreover, the proposed investment has the potential to generate market impacts by encouraging systemic changes to existing markets that deliver development impact by increasing sustainability in Senegal, through demonstration and replication channels.

International Finance Corporation

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