The African Development Bank is providing a 2-year renewable, USD 100 million loan to Sucden to finance cocoa supply and value chain through Sucden’s network of cooperatives, aggregators and suppliers in Cameroon, Ghana and Nigeria. The project aims to improve sustainability, support smallholder farmers, and enhance supply chain efficiency. This initiative supports economic growth and […]
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The IFC, as a leader, joined by FMO and OPEC Fund closed a 250 million euro syndicated term loan to Sucden Côte d’Ivoire and Sucden SA for cocoa procurement and export in Ivory Coast. The loan will be a 1-year maturity, renewable annually, for up to 4 years in aggregate, and will be split into […]
The United States International Development Finance Corporation has joined IFC in renewing their 100m syndicated term loan to Sucden. The unsecured loan is divided in two tranches split into (1) 80m EUR by IFC to be repaid in one year (renewable/re-committed annually) and (2) 20M USD to be repaid bullet in 4 years. Proceeds shall […]
IFC announced an investment of up to €100m syndicated term loan on a Unsecured Covenant Light basis (1-year maturity, renewable/re-committed annually, for up to 4 years in aggregate) by IFC to SUCDEN Cote d’Ivoire and its parent company SUCDEN S.A to finance the procurement and export of cocoa beans from Cote d’Ivoire. The project is […]
While green transition is a major concern and a driver for action, the members of the French Association of Large Companies (AFEP) are committed to tackle the climate emergency. As part of their climate strategy, they are developing a diversity of replicable low-carbon projects that provide concrete solutions to contribute to the climate neutrality challenge. […]