Nile Fresh Pty Ltd
Status: Investment in contracting phaseWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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 prospective customer?
Nile is a South African B2B e-commerce platform linking commercial farmers to buyers of fresh produce and input suppliers. The Company delivers a convenient, secure, and transparent trading experience in a largely analogous market with significant inefficiencies and wastage. The online marketplace is supported by services on logistics, payments, and insights to enable seamless transactions.
What is our funding objective?
The investment will enable the Company’s growth, further developing the online marketplace for fresh produce and inputs, scaling its operations and exploring additional services.
Why do we want to fund this investment?
Nile aims to substantially improve the fresh produce value chain, leading to reduced wastage and, ultimately, a more efficient food system.
What is the Environmental and Social categorization rationale?
This investment has E&S Category B, considering the limited adverse environmental and social (E&S) risks and the asset-light business model. The company does not carry out primary agriculture or agri-processing activities. IFC Performance Standard (PS) 1-4 triggered, while PS 5-8 are not triggered as Nile operates digitally without involving land acquisition, biodiversity impact, Indigenous peoples, or cultural heritage sites. The main risks are linked to (i) health and safety (including food safety) at warehouse and logistics, (ii) data privacy and security, (iii) screening of clients, and (iv) labor conditions in the company’s workforce. Currently, Nile’s operations are in an early stage. FMO can support the creation of an Environmental and Social Management System (ESMS) and HR framework as operations grow.
- Website customer/investment
- https://nile.ag/
- Region
- Africa
- Country
- South Africa
- Sector
- Agribusiness, Food & Water
- Publication date
- 3/6/2025
- Deadline for feedback
- 4/5/2025
- Total FMO financing
- ZAR 51.00 MLN
- Funding
- Venture Capital 002
-
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