PROJECT

Projects

Summary of Investment Information

Project Number

34396

Company Name

Koninklijke DSM N.V.

Date SPI Disclosed

Jun 10, 2014

Country

Rwanda

Region

Africa

Projected Board Date

Jul 12, 2014

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 10, 2025

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Sep 3, 2015
Signed : Jul 7, 2015
Invested : Aug 25, 2015

Sector

Other Food

Additional Project Attributes

Blended Finance

Project Description

The proposed investment to Africa Improved Foods (Holding) B.V. and Excellent African Foods Limited will finance the construction of a processing plant to produce fortified blended food in Rwanda. The plant will sell to institutional clients as well as local and international markets. The plants will source raw material from local farmers, therefore providing additional income opportunities to rural communities in these countries.

The proposed financing package will be supported by the Private Sector Window of the Global Agriculture and Food Security Program (“GAFSP”). GAFSP funding plays a catalytic role to create opportunity to support innovative private sector investments and deliver a level of additionality and impact beyond what is possible through IFC’s regular operations.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation