AIF Processing Facility

$16 million to fund a nutritious formula processing facility for babies and infants in Rwanda

The Africa Improved Foods Limited (AIF) project finances the construction of a processing plant to produce fortified blended food in Rwanda.  The plant, which will have a capacity of 45,000 tons, will source raw material from local farmers and provide additional income opportunities to rural communities.

 

The total cost of the project is estimated at $66 million, including working capital. IFC and GAFSP will provide up to $16 million, of which $11.5 million will be senior debt and $4.5 million will be in the form of equity. GAFSP’s investment allows the provision of much needed long-term capital during the riskier stages of the project and until AIFL begins operating on a fully commercial basis.

 

 

The GAFSP Public Sector Window is also funding the Land Husbandry, Water Harvesting and Hillside Irrigation project (LWH) in Rwanda.

 

More information

Contact Information:

  • Ms. Laura Mecagni
    Head, GAFSP Unit for IFC

    Email: lmecagni@ifc.org
    Phone: +1-202-473-5969
    , based in Washington D.C.

  • Mr. Bradford Roberts
    Senior Operations Officer, GAFSP Advisory Services
    Email: broberts@ifc.org
    Phone: +1-202-473-7142, based in Washington, D.C.
  • Mr. Niraj H. Shah
    Senior Investment Officer, GAFSP
    Email: nshah1@ifc.org
    Phone: +1-202-473-3743, based in Washington, D.C.

 

Project Documents: