IFC considers backing for Ethiopian poultry producer

The World Bank’s International Finance Corporation is evaluating a potential investment of debt and equity into EthioChicken, a producer of day-old-chicks and poultry feedstuffs in Ethiopia. If approved, the investment of $16.2 million would be broken down into $10 million in debt with the balance being provided as equity. No additional terms of the possible investment were disclosed.

EthioChicken sells improved poultry stock and feed to smallholder farmers across the country. The company operates eight breeding farms, four hatcheries, and two feed mills in Ethiopia, mostly located in agricultural areas close to the country’s main population centres. The capital from IFC’s investment would be used to build an additional two breeding farms and a new hatchery, all in Ethiopia’s SNNPR and Amhara regions.

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