MEDA key shareholder in agribusiness plant

The Inter-American Investment Corporation (IIC), a member of the IDB Group, has approved a US$1.8 million loan to ERPAR S.A.E. to build an agribusiness plant. MEDA is a key shareholder in the project.

ERPAR’s new plant will produce ethanol from processed sugar cane and cassava, and assist some 1,000 farmers who supply raw materials to the plant. MEDA’s investment is part of its strategy to support triple-bottom-line ventures – Profit : People : Planet. Read more at the IIC.