africaJUICE

 $3 million to help support the africaJUICE, an Ethiopian  fruit juice  and juice concentrate producer, as it undertakes a  capacity and production expansion project. 

The africaJUICE project was the first investment sourced through the GAFSP Public Call for Investment Proposals in October 2012. The company is embarking on a $15 million investment program to triple fruit-processing capacity, and to build a self-sustaining network of farmers who can supply high-value fruit crops. GAFSP and the IFC will both provide $3 million for a total of $6 million. It expects this expansion will double its current labor force to about 3,000 employees, over half of whom are expected to be women, and increase the number of smallholder farmers who supply the company from 70 to about 1,000. IFC Advisory Services will support inclusion of small farmers into the company’s supplier base.

 

 

The GAFSP Public Sector Window is also funding the Agriculture Growth Program  (AGP) in Ethiopia.

 

More information

Contact Information:

  •  Ms. Laura Mecagni (Head, GAFSP Unit for IFC, lmecagni@ifc.org,+1-202-473-5969), based in Washington D.C. 

 

Project Documents:

africaJUICE GAFSP and IFC Project Card

africaJUICE website (external link)