MIGA EXPECTED TO BACK ETHIOPIAN FRUIT JUICE PROJECT
February 1st, 2010
BY KEITH NUTHALL
THE MULTILATERAL Investment Guarantee Agency (MIGA) of the World Bank is considering backing an innovative development of an integrated fruit production and processing business in central Ethiopia. MIGA is looking at covering US$9.25 million in financing from the Industrial Development Corporation of South Africa (IDC) and Africa Juice BV, of the Netherlands. They have teamed up to buy a fruit farm in the Tibila area, near the capital Addis Ababa, rehabilitating and expanding its operations to grow yellow passion fruit on 600 hectares and other ...
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