BII invests in Ethiopian food company
British International Investment has announced $5m financing for Lovegrass Ethiopia.
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British International Investment, the UK’s development finance institution, has announced $5m financing for Lovegrass Ethiopia, an Ethiopian agri-food company producing teff‑based products for domestic and global markets.
Teff – a nutrient rich indigenous grain – is cultivated by more than 6.6 million smallholder farmers and remains central to Ethiopia’s food system and rural livelihoods.
“Our $5 million financing will help expand production, strengthen local value addition, and create skilled jobs, while supporting exports that generate vital hard‑currency inflows for Ethiopia. By sourcing teff from thousands of smallholder farmers, Lovegrass Ethiopia is helping drive resilient, inclusive growth across rural communities,” BII said in a statement.
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