📋 Tender Overview
Project Number
50059
Company Name
EDK Groupe
Date ESRS Disclosed
May 27, 2025
Country
Senegal
Region
Africa
Last Updated Date
Environmental Category
B - Limited
Status
Pending Signing
Previous Events
Approved : Jun 27, 2025
Sector
other
Industry
other
Department
Regional Industry - MAS Africa
Project Description
The proposed investment is an up to EUR25m A-Loan to Groupe EDK SA ( EDK Holding ), the holding company of the EDK Group (the Group , EDK ), a Senegalese retail group, to (i) support the expansion of its grocery retail business, Low Price, with majority of stores expected to be located outside of the Dakar region in less served areas with lower income groups (EUR15m in local currency (XOF) equivalent with IDA PSW support), and (ii) refinance part of its existing debt to reduce the number of lenders and improve the capital structure (EUR10m in EUR without IDA PSW support) ( the Project ).
Overview of IFC's Scope of Review
A meeting with EDK Group staff including the Group Director Human Resources (HR); Human Resource managers for Low Price and Djollof Chicken; Director of Quality and Hygiene; Legal Director in charge of land purchasing and leasing and the Warehouse director. IFC also interviewed 14 employees working in the three different locations that were visited.
The review covered documentation related to the company’s Environmental and Social Management System (ESMS), human resources policies and procedures, occupational health and safety protocols, grievance management, emergency preparedness plans, and waste and hazardous materials handling. The documentation reviewed included the Environmental and Social Management Plan (PGES), fire safety audit reports, responses to labor questionnaires, internal recruitment procedures, accident registries, a professional risk assessment procedure (Document Unique d’Évaluation des Risques Professionnels - (DUERP)), and related workplace safety and health documentation
