Ethiopia: IFC helps fund products import
Issue 282
- 26 Jul 2014
| 1 minute read
The World Bank’s International Finance Corporation (IFC) is participating with up to $150m in a $450m trade finance facility arranged by Natixis to finance the import of refined petroleum products. Under the agreement signed on 15 July, IFC, Natixis, Standard Bank and other lenders will help finance Independent Petroleum Group (IPG)’s import of petroleum products into Ethiopia over one year. The Kuwaiti company maintains a strong relationship with the state Ethiopia Petroleum Supplier Enterprise, as one of the main suppliers of petroleum products to the country for the last four years.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register