Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Ethiopia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Multilateral Investment Guarantee Agency (MIGA)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower or Client: Mr. Dirieh Ali Mawel</br>Mrs. Samya Houssein Addillahi
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Amount (USD): $ 6.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ MIGA website
Updated in EWS: 2017-11-28
Disclosure Date: 2017-02-13
Alvima Import & Export PLC
MIGA-3537

Project Description
This summary covers an investment by Mr. Dirieh Ali Mawel and Mrs. Samya Houssein Addillahi, two Djiboutian nationals (the Investors), into the project enterprise incorporated in Ethiopia, Alvima Import & Export PLC (the Project Enterprise), a company incorporated in Ethiopia engaged until now in food trading. The project entails the establishment of a flour processing and pasta manufacturing plant that will produce flour as well as high-quality pasta products primarily in Adama town, 90 km South East of Addis Ababa, Ethiopia. The plant will have a daily manufacturing capacity of up to 66 tons of pasta and up to 95 tons of flour. The Investors have applied for MIGA guarantees covering up to $6 million of equity investments into the Project Enterprise. The guarantees will have a term of up to 10 years and will provide coverage against the risks of expropriation and war and civil disturbance.
Investment Description
Contact Information
ACCOUNTABILITY MECHANISM OF MIGA The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/
Bank Documents