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IFC Supports Rural Employment in Ethiopia with Investment in Afriflora
Apr 13, 2015

IFC Supports Rural Employment in Ethiopia with Investment in Afriflora

IFC, a member of the World Bank Group, will lend up to €90 million to support Afriflora Group, a leading large-scale rose grower and distributor based in Ethiopia that employs more than 9,000 workers, more than 80 percent of them women. The funding will support Afriflora’s plan to expand production by 60 percent, install water recycling systems, and increase employment by more than 50 percent. Afriflora is founded and run by the Barnhoorn family. Agriculture provides almost half of Ethiopia&...