Earlier this year the IFC proposed, and the Board of Directors approved, an investment in the Dutch Afriflora Group. The agreement was signed on April 13, and the investment made a month later, on May 13, 2015. The investment consists of an IFC and MCPP senior secured €90 million (US$112 million equivalent) loan.

Afriflora is a family-run manufacturer and marketer of cut-rose products based in Ethiopia. Continue reading →