HABESHA BREWERIES SHARE COMPANY (FMO-55179)

Countries
  • Ethiopia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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
Dec 20, 2019
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
Habesha Breweries Share Company
The holder of the loan, grant, or other investment.
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, etc.
Project Cost (USD)
$ 19.94 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 18 million
Converted using 2019-12-20 exchange rate.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Feb 5, 2020


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Project Description

The proposed financing package is part of an EUR 50mln IFC-led facility and will support the company's EUR 118 million capacity expansion program which will be complemented by an advisory services program to support local barley farmers in the country. The project will increase the productivity, access to markets, and food security for 15,000 barley farmers. With the support of the advisory services program, Habesha hopes to reach 14,000 additional farmers through a system of forward contracting with cooperative unions and a linked system of input distribution. Through the project 500 direct, full-time jobs are expected to be created. Finally, the project will strengthen the integration of the Ethiopian malt-barley supply chain.

 

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

South Africa
+27 11 507 2500
joburg-office@fmo.nl

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism