ET Heineken (IFC-602023)

Countries
  • Ethiopia
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
Active
Bank Risk Rating
U
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
Oct 23, 2017
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
Heineken
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.99 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)
$ 0.99 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 12, 2019

Disclosed by Bank Jan 25, 2019


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Project Description

In December 2017 IFC signed a Project Services Agreement with Heineken in Ethiopia to improve the quality and quantity of smallholder-based malt barley production.

The two year project (2018-2019) will focus on

(a) improving the productivity of 40,000 smallholder farmers through agronomic training and the distribution of high yielding seed varieties,
(b) building the business management capacity of around 80 malt barley aggregators
(c) investigation of farmer financing models, and
(d) supporting a multi-stakeholder working group to realize Ethiopia's potential as a regionally competitive malt barley producer.

The project should result in an additional annual production of 100 000 metric tonnes of barley for both food uses and further processing.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Heineken -- Implementing Company
Contact Information

No contact information provided at the time of disclosure

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