The International Finance Corporation (IFC), a member of the World Bank Group, partners with Habesha Breweries Share Company of Ethiopia to increase local barley sourcing investing €50 million. IFC’s investment of up to €50 million in Habesha Breweries S.C. aims to help the company expand operations in Ethiopia and increase local barley sourcing from smallholder farmers, according to the press statement from the Corporation. The project is expected to boost income for 15,000 smallholder barley farmers, double farm yields of participating barley producers and create 500 jobs. We aim to increase smallholder farmers from 1,000 to 14,000 in the next five years and improve household incomes. I am extremely proud that we are able to continue to build and grow the brewery in partnership with the barley farmers and residents,” said Zewdu Negate, CEO, Habesha Breweries.

Source: Ethiopian News December 25, 2019 09:56 UTC