ALEMA KOUDIJS FD

pending

Alema Koudijs Feed PLC (“AKF”) is an Ethiopian-based animal feed producer (https://www.alemakoudijs.com/) located in Bishoftu town in Oromia Region. The company uses locally sourced materials (maize, soybean) for the production of animal feed for local livestock producers. AKF is a Joint-Venture (JV) between Alema Farms PLC (“Alema”) and De Heus Animal Nutrition (“Sponsor or “De Heus”) - deheus.com). The proposed IFC investment is a corporate loan up to US$10 million equivalent to AKF in local currency (Ethiopian Birr) which specific use of proceeds will finance AKF’s capital and operational expenditure (CAPEX/OPEX) for the (i) expansion and improvements of feed production equipment within the existing feed mill; (ii) increase capacity of storage facilities, including establishment of new storage facilities; (iii) improvement of fire detection, suppression and firefighting equipment at the feed mill, and (iv) working capital to support sourcing of raw materials