Africa Improved Foods Rwanda Limited
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Newco is a newly established company, set-up and partly owned by DSM (49%), IFC and potentially other parties. Newco will operate factory in Rwanda producing fortified food (porridge) for young children and pregnant and lactating women.
What is our funding objective?
This financing will provide the necessary debt to realize the project. The overall target of the company is to offer healthier food to to fight malnutrition in an age where children are most vulnerable to it. It aims to supply products to urban as well as rural areas.
Why do we fund this investment?
FMO is funding this project as it is a cooperation with an established Dutch firm DSM and a strategic partner IFC, on an innovative project in Eastern Africa to fight chronic malnutrition. The first factory in Rwanda is a first investment which, if succesfull, will be copied in different countries/regions in the Africa.
What is the Environmental and Social categorization rationale?
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More investments
| Date | Total FMO financing |
|---|---|
| 12/16/2020 | USD 4.00 MLN |
- Website customer/investment
- http://www.africaimprovedfoods.com
- Region
- Africa
- Country
- Rwanda
- Sector
- Agribusiness, Food & Water
- Effective date
- 7/8/2015
- End date
- 12/16/2020
- Total FMO financing
- USD 4.00 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+