Groundwork for expansion into Ethiopia
Who is our client?
PDF supports DSM International B.V with a contribution for the groundwork preparation of DSM’s entry into the Ethiopian market.
With the co-financing of PDF, DSM aims to establish a partnership with a reputable local company in Ethiopia for the production of fortified nutritious food for children and mothers to combat malnutrition. The funds are used to hire on-the-ground external staff to work on the operational, technical and commercial viability of the partnership, stakeholder management and preparation of a partnership agreement.
Why we fund this project
The investment will have substantial developmental impact, addressing Sustainable Development Goal 2 – Zero Hunger. DSM plans to invest in the local production of fortified nutrition for children and pregnant and lactating women to fight chronic malnutrition (vitamin deficiency) among young children. The intention with the expansion into Ethiopia, is to add the Government of Ethiopia to its client base and to open a new market for production. Furthermore, the local company will sell directly to a retail customer base in Ethiopia, through the partnership with a local company.
PDF investment | EUR 832,280
Instrument | development contribution
Country | Ethiopia
SDG | 2