PROJECT

Projects

Summary of Investment Information

Project Number

35938

Company Name

AFRIFLORA

Date SPI Disclosed

Mar 2, 2015

Country

Ethiopia

Region

Africa

Projected Board Date

Apr 3, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Apr 3, 2015
Signed : Apr 13, 2015
Invested : May 13, 2015

Sector

Horticultural Products (Flowers)

Project Description

The proposed investment consists of an IFC and Managed Co-Lending Portfolio Program (“MCPP”) senior secured €90 million (US$101 million equivalent) loan to Afriflora Group (“Afriflora” or the “Group”). Afriflora is a family-run manufacturer and marketer of cut-rose products based in Ethiopia. The IFC and MCPP investments will support the Group’s capacity expansion program and refinancing of certain investments made by the equity investors. (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation