47118
Abyssinia Group of Industries
Oct 28, 2024
Eastern Africa Region
Africa
Feb 12, 2025
B - Limited
Active
Apr 12, 2026
Regional Industry - MAS Africa
Manufacturing
Approved : Feb 12, 2025
Signed : Mar 5, 2025
Invested : Apr 8, 2026
Iron and Steel
The Project entails a proposed IFC A Loan investment of up to USD20 million in Abyssinia Group of Industries (“Abyssinia” or the “Group”), a leading steel producer in Ethiopia, Kenya, and Uganda, which will support the capacity expansion, backward integration, decarbonization efforts, and working capital needs of Abyssinia. It also entails IFC mobilizing local currency parallel loans to strengthen the Group’s financial position with longer tenors (“the Project”).
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Local Access of Project Documentation
Nairobi, Kenya