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Afriflora

Sector: Water Supply and Storage • Location: Ethiopia

Source: International Finance Corporation (IFC)

Project
Completed

The proposed investment consists of an IFC and MCPP senior secured €90 million (US$112 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 Group’s main operation is located in Ziway, near Lake Ziway, and consists of approximately 260 hectares of greenhouses. A second, 25 hectare f

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The project “Afriflora” is an infrastructure initiative in the Water Supply and Storage sector, located in Ethiopia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The proposed investment consists of an IFC and MCPP senior secured €90 million (US$112 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 Group’s main operation is located in Ziway, near Lake Ziway, and consists of approximately 260 hectares of greenhouses. A second, 25 hectare farm is located 60km away near the village of Koka. A new proposed farm near Adami Tullu, less than 5km away from the Group’s Ziway operations, currently stands at approximately 40 hectares, which management hopes to expand by an additional 135 hectares. The Group has approximately 8,000 employees and mainly serves the European Flower market.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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