Project Category
Project Category
Project Description
Project 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.
Our Reference Number
Our Reference Number
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