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EthioChicken, an Ethiopian chicken company, receives a USD 5 Mn investment from OP Finnfund Global Impact Fund I, Finland’s first global emerging markets impact fund. The goal of the investment is to create good jobs, increase food security, and eliminate poverty.
EthioChicken is dedicated to sustainable manufacturing and strives to improve its methods and operations regularly. In addition, the company helps households improve their nutrition and livelihood, particularly in rural regions, by breeding chicks that provide both eggs and poultry meat.
OP Finnfund Global Impact Fund I seeks positive impacts on, for instance, climate change, food security, gender equality, and the availability of financing. The fund focuses on three main industries in developing countries: renewable energy, financial institutions, and sustainable agriculture.