INTEGRATED AGRO INDUSTRIAL PARK DEVELOPMENT PROJECT (AFDB-P-ET-AAG-005)

Countries
  • Ethiopia
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
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
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
Dec 5, 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
Ethiopia MINISTRY OF FINANCE AND ECO. DEVELOPMENT
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)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.76 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)
$ 7.76 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 @ AFDB website

Updated in EWS Feb 26, 2020


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Project Description

The Project supports the development of four (4) Integrated AgroIndustrial Parks (IAIPs) in :

  • Tigray (North),
  • Amhara (North West),
  • Oromia (Central) and
  • Southern Nations, Nationalities and People (SNNP) (South) Regions

by providing part of the infrastructure required for agro-industrial activities on the IAIPs.

The projects aims to develop the requisite skills and agricultural value chain capacity to ensure competitiveness, productivity and inclusivity in their operations.
The IAIPs will attract private sector investments and enhance a much-desired agricultural transformation of the country, create jobs, boost exports, and reduce urban and rural poverty.

 

Investment Description
  • African Development Bank (AFDB)

Total cost: 11000000
Currency: UAC


Source(s) of financing
ADF: 11000000

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INPUTS (Total Amount of Resources: UA 61.33)

ADF (Grant): UA 11 Million
Korea Exim Bank: US$ 50 Million (UA35.10 Million)
European Union: € 10.1 Million (UA 8.44 Million)
Big Win: US$ 1million (UA 0.70 Million)
GOE: UA 6.09 Million

(Source: taken from Pg vii uploaded appraisal report in disclosure).

Contact Information

Task Manager: EZEDINMA Chukwuma Ikechukwu, AHFR2 / no contact details provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.