AFRICA IMPROVED FOODS (HOLDING) BV
Status: Completed investmentWhy disclosure?
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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 customer
Africa Improved Foods (AIF) Holding BV, A holding set up by DSM, where FMO, IFC and CDC will have shareholdings which amount to 91% shares in the operating company in Rwanda, Africa Improved Foods. AIF is a supplier of complementary foods for children and pregnant/breastfeeding women in Rwanda.
What is our funding objective?
Co-fund a 15-month project aimed the design and pilot an AIF Bottom of the Pyramid commercial strategy in Rwanda, with a strong emphasis on behaviour change to ensure clients purchase and use AIF products compliantly, so that they get the expected health improvements.
Why do we fund this investment?
This is in line with FMO’s strategy and available government funds of improving the nutritional status of Rwanda’s population and help address malnutrition by by manufacturing enhanced nutritious foods for vulnerable groups including the rural poor in Rwanda and the East Africa region. Furthermore, this project will allow reaching new customers.
More investments
| Date | Total FMO financing |
|---|---|
| 12/16/2020 | USD 1.00 MLN |
| 12/16/2020 | USD 1.00 MLN |
| 7/7/2015 | USD 9.05 MLN |
- Region
- Africa
- Country
- Rwanda
- Sector
- Agribusiness, Food & Water
- Effective date
- 8/7/2017
- End date
- 2/27/2019
- Total FMO financing
- EUR 0.07 MLN
- Funding
- MASSIF
-
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+