← Project Appraisal Level 1: Project Finance Foundations

Reading a Feasibility Study

Module 02 / 5 · 55 min

A feasibility study is the sponsor's sales document, so the officer tests every important assumption against independent evidence.

In this module you will learn to

Name the parts of a feasibility study and what each should show
Ask the right evidence questions for market, technical, financial, legal and environmental claims
Spot common red flags such as no ramp-up, frozen input prices and unproven price premiums
Use the interview, site visit and credit information checks to verify a study

Built on

Erudite Africa training module: Project Appraisal Level 1: Project Finance Foundations (October 2026)
A commercial bank's Revised Credit Procedure Manual (August 2025), unnamed
NBE directives as listed in the lessons: FXD/01/2024 and NBE/INT/13/2026
Ethiopian laws as cited: Environmental Impact Assessment Proclamation No. 299/2002, Movable Property Security Right Proclamation No. 1147/2019, Insurance Business Proclamation No. 746/2012
Erudite Africa: Ethiopian context for banking training (39 topics, October 2026)

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.