📋 Tender Overview
Project Number
48117
Company Name
ETC GROUP
Date SPI Disclosed
Apr 24, 2025
Country
Africa Region
Region
Africa
Projected Board Date
Jun 30, 2025
Environmental Category
A
Status
Pending Approval
Last Updated Date
Department
Regional Industry - MAS Africa
Industry
other
Sector
other
Project Description
The proposed IFC investment of up to US$75M unsecured loan as part of a US$125M debt package (6 years, including a 2-year grace) to ETC Group ( ETG or the Group or the Company ) to support the expansion of its edible oil facilities in Malawi, Rwanda and Zambia as well as general working capital purposes (the Project ). IFC is to mobilize at least US$50M through its syndication partners.
Associated Advisory Engagement
ETG has expressed interest in benefiting from IFC’s Upstream support to facilitate conversion of its edible oil facility boilers from coal to sustainable biomass. The company has launched the initiative, and IFC support would help finalize the testing of feedstock and the feasibility studies to identify the project cost and technical specifications of equipment.
