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Commercial Farm Development in Central and Northern Ethiopia

Solagrow provides seed potatoes supplemented by seeds from other crops and mechanization services to organized outgrowers and other small farmers. The company works together with the Ethiopian Institute of Agricultural Research (IAR) for new potato varieties and technologies. In addition, the company produces quality food crops for local and export markets on its own nucleus farms, thereby integrating Ethiopian smallholder farmers through the provision of inputs, cropping technology and market access.

The CFC supports Solagrow in equipping further nucleus farms with machinery and equipment. It is anticipated that 1,600 new jobs will be created, and 2,500 new farmers will be involved on around 3,000 ha of land. Further, the company expects to offer its services to another 25,000 farmers around its farms.

Submitting Institution

Solagrow plc.

Location

Ethiopia (LDC)

Commodity

Potatoes and others

Total Cost

USD 6,255,000

CFC Financing

 

USD 1,100,000 (loan, of which USD 750,000 financed by the Dutch Trust Fund)

USD 120,000 Liquidity support under Fast Track

Counterpart Contribution

USD 5,155,000

Year of Implementation

2013

SDGs