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In July 2024, OeEB concluded a loan agreement with ADISA Holding GmbH in the amount of EUR 1.2 million as part of the Africa-Austrian SME Investment Facility provided by the Federal Ministry of Finance. ADISA will set up a production facility for laminated plywood pallets for furniture production in Nigeria and thus fill the gap in the market for local, high-quality furniture for the mass market.
| Project name | ADISA Holding GmbH ("ADISA") |
| Region | Sub-Saharan Africa |
| Sector | Industry |
| Service | Equity Participations |
| Project Country | Nigeria |
| OeEB project volume | EUR 1.2 million |
| International climate finance according to UNFCCC | Partially |
| Additionality | Financial and value additionality |
ADISA has been operating in Nigeria since 2015 and covers the value chain based on forestry, wood processing, furniture manufacturing and construction. With the OeEB financing, the company wants to establish a production facility for plywood panels to enable the local production of high-quality and affordable furniture. ADISA strives to set up and control the entire value chain in a sustainable and transparent manner. In the area of reforestation, the company relies on sustainable forestry methods and plans to have its own forests FSC-certified. All of the managed land is also to be converted into a biosphere reserve.
Through the loan, OeEB contributes to its strategic focus on “Financial Inclusion/MMEs” and makes a contribution to the real sector and to OeEB's Africa goal.