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IFC Invests in Soufflet Ethiopia to Boost Local Malt Production, Support Farmers

IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), today announced a €20 million investment in Soufflet Malt Ethiopia to help the company build and operate a malting plant in Ethiopia, supporting local farmers and economic growth.

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GAFSP Set To Reach More Than 10 Million Farmers across 25 Countries

Partners in the Global Agriculture and Food Security Program (GAFSP), a multi-donor trust fund established in 2010 to improve food security in the world’s poorest countries, today announced the allocation of $254.5 million in grants to eight countries.

Media Contact

Ms. Marcia MacNeil, External Affairs Officer, mmacneil@worldbank.org

Based in Washington, D.C.