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Marketing of oilseeds: SONACOS negotiates a 100 billion CFA franc loan

27/06/2023
Categories: Raw materials

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As part of the renovation of its equipment, the Société Nationale de Commercialization des Oléagineux (SONACOS) has negotiated a loan of 100 billion CFA francs.

SONACOS obtained 22,000 tons of peanut seeds during the last marketing year of the crops. According to its director general Modou Diagne Fada, the National Oil Marketing Company is negotiating a 100 billion CFA franc loan with Afreximbank, with the aim of renovating its equipment and increasing its capacity for collecting peanut seeds, according to its director general. The credit committee of this bank specializing in trade finance will meet in the coming days to “approve” the SONACOS loan

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