Habesha (IFC-41561)

  • Ethiopia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 79.18 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported Euros 70
Converted using 2018-12-17 exchange rate.
Project Cost (USD)
$ 186.64 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported Euros 165
Converted using 2018-12-17 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 14, 2019

Disclosed by Bank Dec 10, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed IFC investment is to provide a €70 million syndicated senior loan facility to Habesha Breweries S.C., to support their €165 million capacity expansion program, which will increase Habesha’s brewing capacity from an original (2015) 0.3 million hectoliters (capacity in 2018 is currently at 1.2M hectoliters) to 4.5 million hectoliters by 2025 (“the project”). Habesha is 60% owned by Bavaria Overseas Breweries B.V. (“Bavaria” or the “sponsor”), 10% by Linssen Investment (a Dutch rose grower based in Ethiopia) and the remaining 30% is owned by 8,000 Ethiopian shareholders. The expansion will increase the original 7ha footprint of the brewery by a small amount (some 200 meters in one direction beyond the current fence line) and will include the construction of a 3rd brew house, additional bottling lines, additional/reconfigured office space, new malt handling silos, additional cylindrical-conical fermentation tanks (CCTs) and bright beer tanks (BBTs), a new waste water treatment plant (already under construction alongside the existing WWTP) and a new perimeter road and fence to ensure efficient and safe movement of increased truck traffic within the premises.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Habesha Breweries S.C. (‘the company’), includes a brewery located 3km south of the town of Debre Birhan, in the Amhara Regional State North Shoa Zone, Basona Warena woreda, Ethiopia, 120km north west of the capital, Addis Ababa. The company also has a head office in Addis Ababa. The company is one of the larger brewers in Ethiopia and distributes its beer to just under half of the geographic area of the country. The brewery was constructed between 2012 and 2015, brewing and packaging the first brew in June 2015.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Bavaria Overseas Breweries B.V. Parent Company -
- - - - Habesha Breweries S.C Client -
- - - - Linssen Investment Parent Company -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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