PROJECT

Projects

Summary of Investment Information

Project Number

33983

Company Name

MM Ethiopia JV

Date SPI Disclosed

Jul 2, 2014

Country

Ethiopia

Region

Africa

Projected Board Date

Aug 4, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Sector

Soap and Cleaning Compound (Soap, Detergent, etc.)

Project Description

IFC is proposing an equity investment in a proposed Joint Venture Project (“Project”) to set-up a soap manufacturing operation in Addis Ababa, Ethiopia. The proposed Project initially involves importing palm oil based soap noodles produced by Musim Mas Group (“MM” or the “Group”) in Indonesia, value adding and packaging these soap noodles into soap bars in the proposed plant, to be sold in the Ethiopian market, with the possibility of exporting to neighboring countries.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation