Allied Group ETH (IFC-51874)

Countries
  • Ethiopia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Adama
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
  • 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Voting Date
Jul 31, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Allied Chemicals Share Company
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 17.00 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.
Project Cost (USD)
$ 33.98 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.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 6, 2026

Disclosed by Bank Jun 11, 2026

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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.

 

According to bank provided information, the Project involves the construction and commissioning of a greenfield NPK/NPS fertilizer blending plant in Adama, Ethiopia the first privately owned compound fertilizer facility in the country. IFC is providing a financing package of up to US$17 million, comprising an IFC A Loan of US$11 million structured as a Local Currency Linked Loan in Ethiopian Birr and supported by an IDA-PSW Blended Finance Facility swap subsidy, and US$6 million mobilized from parallel lenders.

Allied Chemicals Share Company (Allied) is Ethiopia's largest domestic manufacturer of industrial chemicals, headquartered in Addis Ababa with three manufacturing facilities in Ethiopia. Founded in 2008, the company produces 18 chemical and mineral products and serves over 1,300 customers across Ethiopia, including large FMCG manufacturers and beverage companies.

IFC is exploring an advisory engagement to help reduce market-entry risk in the fertilizer sector. Key activities include a farmer outreach pilot targeting 3,000 farmers, the establishment of 21 demonstration plots across key agricultural corridors, and integration with existing WBG programs (BOOST-2 and SMART-Potato) to leverage established distribution networks. The advisory engagement will also support Allied's go-to-market strategy and agronomic quality control capacity.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total project cost is estimated at ETB 3.69 billion (approximately US$33.98 million) and will be financed on a 50/50 debt-to-equity basis. The Sponsor is investing up to US$16.98 million in equity, and IFC is providing up to US$17 million in debt financing.

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.

Allied Chemicals was founded by Mr. Rajesh Gupta (the Sponsor), who, along with his family, owns ~70% of the company. The other shares are held by an IFC investee fund manager, Ascent Capital, which holds ~30% of the company's shares.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Allied Chemicals Share Company Client Industry and Trade

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.

 

For Inquiries About the Project, Contact

ALLIED CHEMICALS SC
MR RAJESH GUPTA
GENERAL MANAGER

rajeshgupta@alliedinds.com
Allied Tower, Wessen - Abem Road, Next to Sun Shine Real estate, Woreda 13, Subcity Lemi kura, Addis Ababa, Ethiopia.
https://alliedinds.com
 

Local Access of Project Documentation

Allied Tower, Wessen - Abem Road,

Next to Sun Shine Real estate, Woreda 13,

Subcity Lemi kura, Addis Ababa, Ethiopia

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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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How it works