Afriflora (Ethiopia) (DFC-AFRIFLORA)

Countries
  • Ethiopia
Where the impacts of the investment may be experienced.
Specific Location
Ziway, Adami Tulu, Blen
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 13, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Sun NUH VI Flamingo LLC and SCP Co-Invest NIH VI Flamingo LLC or eligible affiliates thereof
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 126.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 517.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 24, 2019

Disclosed by Bank Aug 27, 2018


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Project Description

According to the Agency's document, this project finances the increase in capacity of the borrowers' three rose farms in Ziway, Adami Tulu and Blen, Ethiopia.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
  • SCP Co-Invest NIH VI Flamingo LLC -- Implementing Company
  • Sun NIH VI Flamingo LLC -- Implementing Company