AIF Processing Facility

$16 million to fund a social enterprise aiming to end malnutrition in Africa by producing and making available nutritious high quality foods from locally sourced grains.

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:

  • Mr. Niraj H. Shah
    Head, Private Sector Window GAFSP
    Email: nshah1@ifc.org
    Phone: +1-202-473-3743, based in Washington, D.C.

 

Project Documents: