The International Finance Corporation (IFC), a member of the World Bank Group, has financially backed Soufflet Malt Ethiopia – a subsidiary of the French-based Gruope Soufflet – with EUR 20 million to help expand the company’s malt production and for its role involving some 40,000 smallholder farmers in the value chain.

A Chinese firm, Shenzhen Lemi Technology, has unveiled various solar technologies that it plans to supply to the Ethiopian market.

The International Finance Corporation (IFC) has agreed to provide a three year technical and advisory support to the Ethiopian Tourism Organization (ETO) over its marketing and destination development projects;including setting out a roadmap and capacity building for the tourism sector.

The International Finance Corporation (IFC) – dubbed as the private sector arm of the World Bank Group –has brought together public and private entities to reinitiate the public private dialogue forum.

The newly formed Public Private Partnership (PPP) Board has approved six solar energy projects at a cost of USD 798 million with capacitytogenerate some 750 megawatt of electricity. 

The Ministry of Finance (MoF) has initiated six solar power projects with aggregated generating capacity of 798 megawatt (MW) electric power that will require an investment of USD 795 million.

The International Finance Corporation (IFC), best known as the private sector arm of the World Bank Group, has inked agreements to guarantee Ethiopia’s global trade, mostly involving import bills.