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Financing new cold stores: American DFC and Ifria sign a letter of commitment

16/10/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Une cérémonie de signature de lettre d' engagement d' un montant global de $20 million was held on Thursday, October 12, 2023 between the American US Development Finance Corporation (DFC) and Ifria Cold Chain Development Company (

Ifria).

L'américain DFC is an American financial institution and Ifria is a cold chain development company for North and West African markets. Indeed, the financing is intended to finance new cold stores in Morocco and Senegal. The commitment consists of a $9.3 million loan granted to Ifria Agadir SAS, the cold chain development company. These financing agreements were concluded on the sidelines of the 2023 annual meetings of the World Bank style="font-family: "Bookman Old Style”, "serif""> and of the IMF, which have been held since 9. last October in Morocco.

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