devinitorg/iati-policy-markers huggingface dataset:
Safaricom Ethiopia Debt II Global Partnership for Ethiopia BV (GPE) was announced as the sole winner of Ethiopias mobile telecommunication license in May 2021 following a competitive bid process run by the Government of Ethiopia. The license authorizes GPE to build, own and operate a nationwide public telecommunication network through its wholly owned subsidiary, Safaricom Telecommunications Ethiopia Private Limited Company (STEP or the Company). The Company has set up and continues to roll out its 2G, 3G and 4G networks across the country following the commercial launch in October 2022, this rollout enables STEP to provide increased access to quality mobile and fixed connectivity solutions for individuals, corporates and the government (the Project). The Project aligns with the governments plan to modernize and digitize the Ethiopian economy and shift from a state-oriented development model to more liberalized models, including within the telecommunication sector.  Subject to approvals of all parties, the proposed transaction comprises an 1) up to USD 350 million long term senior loan, including potential mobilization of up to USD 150 million, and 2) up to USD 55 million equity investment to the Company to help fund its capex requirements for the next 5 years. IFCs proposed investment will support the continued countrywide mobile network roll-out of STEP and help position the Company to comply with the terms of the license, which outlines the requirement for (i) specified population and geographic coverage targets and (ii) reasonable tariffs, universal accessibility and teledensity target, amongst others. IFC will also be supporting a group of regional champions and leading global emerging market investors, including the Voda Family (Vodacom Group and Safaricom plc), Sumitomo Corporation and British International Investment (the Consortium), in delivering an enhanced digital economy for Ethiopia.    Safaricom Ethiopia, the first privately-owned telecom operator in Ethiopia, is expected to be supported by the IDA20 Private Sector Window (PSW) Local Currency Facility (LCF) as described in the Blended Finance Section. This transaction is being considered less than two years after a previous transaction committed with the client. Further, the proposed expansion plan is a continuation of the original plan in the previous transaction, albeit with some updates based on changing market conditions. As such, the development impact thesis and rating remains the same as in the previous transaction which involves (i) increased access to quality mobile connectivity for individuals and businesses through a country-wide network roll out; and, beyond the Project, (ii) increased competitiveness of the market for mobile connectivity in Ethiopia by supporting competition through the expansion of a private sector-led operator.
Dallol Potash Allana Potash Corp (the Company, or Allana) is exploring for potash on three contiguous licenses located in the Danakil Depression (the Project).  The Danakil Depression is a desert area in north-east Ethiopia, close to the border with Eritrea.  The potash mineralization in the Danakil Depression is well known and was mined intermittently from the early 1900s. The Project area covers part of the previously defined Musley potash deposit that was discovered between 1958 and 1967.  The Musley deposit was at that time reported to contain a resource of 171.27 million tonnes grading 32.48 % KCl.  Project area covers part of the Musley deposit and has a historic inferred potash resource of 105.2 million tonnes with a composite grade of 20.8 %.  The resource potential of the entire Danakil Depression is significant and is believed to be in the order of a billion tonnes.    Allana has sought strategic investors to help develop the Project. The Company recently announced strategic partnerships with two major investment houses.   The Company is also seeking IFCs engagement as a strategic partner to provide additional financing for the Project and help develop the Project in line with industry best practice in environmental and social sustainability. The Project is in an early exploration phase so its developmental impacts are limited in scope at this stage. However, the Project is located in an under-developed part of the country and will likely contribute significantly to the area''s development should it transition into a full operating mine through: (i) generation of employment; (ii) improved infrastructure access; (iii) stimulation of local economic development through purchase of local goods and services; (iv) payments to government in the form of royalties and taxes; and (v) improving the receipt of foreign currency to the government.  The Company has committed to make public all material payments to the government as per IFC requirement.
Luna Export Slaughterhouse PLC Established in 2000, Luna Export Slaughterhouse PLC is one of the leading export abattoirs in Ethiopia. The company currently exports livestock carcasses and meat to the U.A.E. and Saudi Arabia. The abattoir is ISO22000 and Halal certified. The fresh produce distribution business line also distributes fresh fruits, vegetables and meat in Addis Ababa through shops owned by the Company.   The Project represents Luna Slaughterhouse PLCs backward integration into feed crop farming and animal fattening by establishing a modern livestock farm and securing quality livestock on a long-term sustainable basis (the Project).   The Project is expected to improve access to markets for approximately 5,000 smallholder farmers. Through the Project, these farmers and herders will benefit from improved breeding, feeding, animal health support and water access for their animals.    IFC expects the Project to increase integration of the Ethiopian meat export sector, domestically and internationally, through replication and demonstration effects. Domestically, the Company would be the first semi-intensive goat farm in Ethiopia. The backward integration from meat export into livestock production is expected to achieve better fattening and conditioning leading to higher meat yield and income. If successful, players in Ethiopia could replicate the model, thereby transforming goat cultivation and export in Ethiopia. Internationally, the Project will assist the Company with repositioning of imported Ethiopian goat meat in the Gulf market by improving product quality and introducing complete traceability. The most significant, expected project-level outcome is an increase in access to export markets for 5,000 smallholder farmers in northern Ethiopia. Beyond the project, IFC anticipates the investment will increase integration in the supply chain, through demonstration and replication effects.
Ethiopian Coffee The Program consists of a 3-year, up to $10 million revolving IFC guarantee facility for selected bank participants under a financing program to assist coffee farmer cooperatives in Ethiopia to (i) acquire wet mills for processing cherry coffee into washed parchment coffee, and (ii) meet their working capital needs. The facility will be structured as an unfunded Risk Sharing Facility (RSF) to be committed annually and renewable for up to two times on the selected banks portfolio of loans to the small farmers. For the 2010/2011 coffee season, IFC has selected Nib International Bank S.C. (NIB) for the Program. It may add new banks in subsequent seasons.

The total size of the financing program over the 3-year period is expected to be up to $21 million to be phased as follows $8.5 million in 2010; $15 million in 2011 and $21 million in 2012. Up to 20% of the program will be for equipment loans of a 3-year maturity while the remaining 80% will be post-harvest working capital loans of up to one year. Each working capital loan will have a clean-up period. The Program is expected to have the following development impacts:
Strengthen the competitiveness of the Ethiopian coffee sector;
Support economic livelihoods in the Ethiopian coffee supply chains, particularly small farmers and household labor;
Develop a commercially sustainable model of long-term and short-term financing for the Ethiopian coffee supply chain, with potential for expansion to other countries/sectors dominated by small scale suppliers;
Establish the credit worthiness of selected cooperatives;
GTFP Dashen Ethi The Project consists of up to US$10 million trade finance guarantee facility under the Global Trade Finance Program (GTFP) for transactions with tenor up to 6 months. The project builds on GTFP's global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the Issuing Bank's customers, including both corporates and SMEs. On the market side, the project will further connect the Issuing Bank's cross border connections, increasing the country's integration through both financial and real sector channels.  It will help to link more traders to other countries and connect the country's financial markets more deeply.
GTFP United Ethi The proposed project includes an investment of up to US$10 million in HIBRET Bank Ethiopia (HIBRET Bank or the Bank) in the form of a trade finance guarantee facility for transactions with tenor up to six months. The project builds on GTFP's global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the Issuing Bank's customers, including both corporates and SMEs. On the market side, the project will further connect the Issuing Bank's cross border connections, increasing the country's integration through both financial and real sector channels.  It will help to link more traders to other countries and connect the country's financial markets more deeply.
africaJUICE The proposed investment consists of a preferred equity investment of US$6 million in africaJUICE B.V. (aJ BV).  aJ BV was established in 2007 as a holding company which owns an 81% stake in africaJUICE Tibila Share Company (aJ TSC), the first Faitrtrade certified tropical fruit juice producer (mainly passion fruit, mango and papaya) in sub-Saharan Africa and based in the Upper Awash region of Ethiopia.    The proposed financing package will be supported by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP).  GAFSP funding plays a catalytic role to create opportunity to support innovative private sector investments and deliver a level of additionality and impact beyond what is possible through IFCs regular operations.   aJ TSC owns a 1,600 hectare farm as well as a EU compliant multi-fruit processing facility built in 2010.  Over 1,400 tonnes of juice products have been exported to date, mostly to Europe.  aJ TSC is seeking to transition into its next stage of growth by adding production volumes and product diversity.  The plan is focused on realizing the passion fruit potential of its existing farm and its outgrowers and on diversifying its product base with the development of three new strategic crops (pomegranate, acerola and lemon) as well as expanding its processing capacity.  The outgrower program will be expanded to incorporate 1,000-2,000 ha of smallholder passion fruit farmers. 1)	Expected to reach at least an incremental 1,000 small scale passion fruit farmers over the next seven years. 2)	Significant improvements in local food security. 3)	Penetration of fair trade / modern farming practices to the wider producer base in Ethiopia. 4)	Development of improved natural resource management techniques, especially water utilization. 5)	Contribution to wider regional development in terms of jobs, infrastructure, education, health and other socio-economic parameters.
Zoscales I Project Zoscales Fund, L.P. (Zoscales or the Fund) is a 10-year closed-end generalist private equity fund targeting to invest in small and medium enterprises (SMEs) primarily in Ethiopia, and opportunistically in the rest of East Africa. The Fund is seeking to raise US$75 million in total capital commitments. The project will be supported by the IFC. Additionally, the Blended Finance Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states will co-invest with the IFC. The Blended Finance Facility will help the SME-Ventures funds attract more private sector investors and reach more SMEs.
Cepheus Fund Cepheus Growth Capital Fund LP, a Mauritius limited partnership (the Fund), is targeting a US$100 million fund to make investments into non-publicly traded companies or securities in Ethiopia and, in limited circumstances, greater East Africa where company operations are strategically aligned with investments in Ethiopia. These investments will be in (i) small but profitable businesses that are underserved by local capital markets and (ii) operating companies seeking growth capital to expand to meet market demand. The project will be supported by the Blended Finance Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states.
GTFP ATRI ZEMEN The proposed project is an unfunded trade finance facility under IFCs Global Trade Finance Program (GTFP or the GTFP Facility) of up to US$30 million, booked under the Africa Trade and Supply Chain Recovery Initiative (ATRI), benefiting from a 25 percent pooled first loss guarantee. The purpose of the proposed IFC trade line is to support Zemen Banks (the Bank or Zemen) trade program. GTFPs investment in the form of a trade line will confirm banks partial or full guarantees [and other trade instruments] covering payment risk on banks in emerging markets in the Federal Democratic Republic of Ethiopia for their trade-related transactions. The project builds on GTFPs global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the Issuing Banks customers, including both corporates and SMEs. On the market side, the project will further connect the Issuing Banks cross border connections, increasing the countrys integration through both financial and real sector channels. It will help to link more traders to other countries and connect the countrys financial markets more deeply.
GTST Ethiopia17 table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }        IFC and Natixis are considering to establish a facility to enable an international energy trading company to sell petroleum products to Ethiopia for the year 2017. This facility will help secure fuel supply to the second most populated country in Sub-Saharan Africa and one of the fastest growing economies in Africa. IFC has financed imports of petroleum products into Ethiopia since 2013, and relevant disclosures are listed below:  * GTST Ethiopia Trade Facility -  https://disclosures.ifc.org/#/projectDetail/SII/32846  * GTST Ethiopia II -  https://disclosures.ifc.org/#/projectDetail/SII/34934  * GTST Ethiopia 3 -  https://disclosures.ifc.org/#/projectDetail/SII/36565 The proposed investment will have significant development impacts as follows:
(a) Maintain the availability of trade finance in Ethiopia and ensure stability of supply of energy products into an IDA economy. The Project is expected to finance imports of about 1.4 million metric tons of petroleum products into Ethiopia over a year, which is critical for retail and industrial consumption, power and transportation sectors. 
(b) Support Private Sector - The facility will indirectly support the business activities of private marketing and distribution companies in the downstream oil sector.
Ethiop Coffee II The project consists of a 3-year Risk Sharing Facility (RSF) for a portfolio of up to ETB 300M (approx. USD 15.2M) working capital loans to coffee farmer cooperatives, originated and serviced by NIB Bank in cooperation with Technoserve (TNS). The loan will enable the farmer cooperatives to buy cherry coffee to process into washed coffee. Under the RSF, IFC will assume [60]% of the credit risk on the portfolio, up to a maximum IFC exposure of ETB 180M (approx. USD 9M). The remainder would be covered by Nib Bank. The Project is expected to continue to have the following development impact: (i) Strengthen the competitiveness of the Ethiopian coffee sector; (ii) Support economic livelihoods in the Ethiopian coffee supply chains, particularly small farmers and household labor; (iii) Develop a commercially sustainable model of long-term and short-term financing for the Ethiopian coffee supply chain, with potential for expansion to other countries/sectors dominated by small scale suppliers; (iv) Establish the credit worthiness of selected cooperatives;  Indicators to be tracked include: Farmers Reached, MSMEs Reached, Employment and Female Employment, Number of wet mills financed, and Volume of coffee processed annually by financed cooperatives.
Velocity Project The proposed investment consists of investment of up to 8 million to Velocity Dairy Plc (VD) through Velocity Africa Holding B.V. in support of its investment in a greenfield dairy operation in Ethiopia.  VD was established in 2010 by Velocity Africa Holding BV to carry out this investment. The proposed investment will finance the construction of a modern dairy processing plant with a daily capacity of up to 70,000 liters, related infrastructure work, and the procurement of factory machinery and equipment.  VD intends to produce dairy products and fruit juices to be marketed primarily in the local market. The proposed financing package will be supported by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP).  GAFSP funding plays a catalytic role to create opportunity to support innovative private sector investments and deliver a level of additionality and impact beyond what is possible through IFCs regular operations. 1)	Additional and steady income for 5,000+ dairy farmers in the Oromiya region of Ethiopia. 2)	Positive incentives for farmers to invest in their livestock and increase their yields. 3)	Introduction of healthy, safe dairy products and a resulting increased food safety. 4)	Large-scale employment (250+ full-time employees) as well as further  jobs in the adjacent business areas. 5)	Increased competition in the Ethiopian dairy industry. 6)	Economic development of a sector of pivotal importance to rural and urban economic development.
CrownPlaza Addis The Project consists of the construction and operation of a greenfield 210-key, 11-storey business hotel in Addis Ababa (Federal Democratic Republic of Ethiopia). Upon completion, the Project will be branded Crowne Plaza hotel under a full management contract with International Hotels Group (IHG).   The purpose of this investment is to help to address the shortage of hotel rooms of international standards in the capital city Addis-Ababa. - Provision of modern business infrastructure: As only 3 hotels carry an international brand in Addis Ababa, the Project will increase the availability of hotel rooms of international standards and stimulate competition in the hospitality industry, particularly in the branded segment.   -Migration of best practice: The Project will benefit from (i) the transfer by IHG of its extensive global hotel management expertise to the locally recruited staff through training and development; and (b) IFC''s support in implementing international E&S and health & safety standards.   -Employment creation: The investment will create significant local direct employment for about 315 people, including approximately 20 percent of female employees, and indirect employment in the supply value chain.  - Benefits to local suppliers: The Project will provide business opportunities to the local suppliers during and after project implementation, particularly in the areas of food & beverages supply and the provision of  services (for example, transportation, security services).  - Increased tax revenues: The Project will generate tax revenue to the Government of Ethiopia
GTST Ethiopia II IFC, Natixis  and other commercial lenders are jointly establishing a trade finance facility of up to US$ 450 million to finance year 2014 importation of refined oil products in Ethiopia. The facility will provide Independent Petroleum Group Limited (IPG) with a short term structured trade finance facility to maintain the supply of oil products to Ethiopia over one year. This facility will help securing fuel supply to the second most populated country in Sub-Saharan Africa and one of the fastest growing economies in Africa. A steady supply of fuel through reliable channels is critical to ensure a better pricing, and therefore control inflation. Of the total facility amount, IFCs funded and unfunded exposure will be up to US$ 150 million in a form of direct parallel lending. IFC has financed the year 2013 importation of refined oil products in Ethiopia through a risk participation facility with BNP Paribas (IFC project number 32846) The proposed investment will have significant development impacts as follows: (a) Maintain the availability of trade finance in Ethiopia. The Project is expected to finance about US$ 1 billion of imports of oil products to Ethiopia over a year. This will ensure stability in supply of energy products into an IDA economy. (b) Ensuring availability of energy products is critical for retail and industrial consumption, power and transportation sectors.  (c) Support to Private Sector - The facility will indirectly support the business activities of private marketing and distribution companies in the downstream oil sector.
Derba Midroc Cement Company The project involves the construction of a greenfield, integrated cement plant with a production capacity of up to 2.46 million tons per annum (tpa) in the western part of Ethiopia. The project will be about 70 km from Addis Ababa, the capital of and largest city in Ethiopia. The project company, Derba Midroc Cement Company (DMC or the company), is sponsored by Sheikh Mohammed Hussein Ali Al-Amoudi (Mr. Al-Amoudi or the sponsor), a Saudi businessman of Ethiopian descent. The project is expected to have the following key development impacts:  - Increased cement supply:   The project is expected to reduce the current cement supply gap in Ethiopia and substitute imports at more affordable prices.  By improving the availability of cement, the project will help sustain the rapidly growing construction, housing and infrastructure sectors in the country.  Consumers will also gain from potentially improved quality of cement due to the modern and environmentally-sound technology.   - Employment generation:   The project will create direct jobs as well as indirect employment in the transportation and delivery sectors.   - Increased local supply chain:  The project will create new business opportunities in the local economy due to increased demand for raw materials and transportation services.   - High level environmental and social performance: by complying with the World Bank Group guidelines, the company will achieve high level environmental and social performance.   - Demonstration effect:   The project is expected to encourage other foreign investment opportunities in Ethiopia.