PROJECT

Projects

Summary of Investment Information

Project Number

51174

Company Name

MIDROC Ethiopia PLC

Date SPI Disclosed

Jan 20, 2026

Country

Ethiopia

Region

Africa

Projected Board Date

Feb 28, 2026

Environmental Category

B - Limited

Status

Pending Disbursement

Last Updated Date

Jun 3, 2026

Department

Regional Industry - MAS Africa

Industry

Tourism, Retail and Property

Previous Events

Approved : May 27, 2026
Signed : May 29, 2026

Sector

City and Business Hotel

Project Description

The proposed IFC investment is an up to US$80 million A Loan to MIDROC Ethiopia PLC (“MEP” or the “Company”) to finance (i) the refurbishment of the Sheraton Addis; and (ii) the development of new Sheraton Hotel (jointly, the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation