PROJECT

Projects

Summary of Investment Information

Project Number

45735

Company Name

CARRINHO EMPREENDIMENTOS, S.A.

Date SPI Disclosed

May 8, 2026

Country

Angola

Region

Africa

Projected Board Date

Jun 15, 2026

Environmental Category

B - Limited

Status

Pending Approval

Last Updated Date

May 10, 2026

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Sector

Grain Processing (Milling, Starch, Flour, Malt)

Project Description

 The proposed investment is a senior loan of up to USD40 million to Carrinho Empreendimentos, S.A. (Carrinho). Carrinho is the holding of an Angolan family-owned business (the Carrinho Group or the Group) integrating operations across the food value chain (origination, storage, processing, distribution and retail). The investment will support the Group’s expansion, including the extension of its wheat flour mill, the construction of a warehouse at its industrial complex in Benguela, the construction of a central kitchen in Luanda, the purchase of new trucks and the implementation of SAP software in its stores (the Project). . The Project is the continuation of Carrinho Group’s long-term import substitution program, started in 2016-2019 with the successful establishment of a state-of-the-art industrial complex with 19 factories (flour, biscuits, pasta, edible oil, various packaged foods, animal feed, etc.) at the mouth of the Lobito corridor.

Associated Advisory Engagement

IFC has been providing extensive advisory support to the Group since 2021, supporting Carrinho to create market linkages for farmers in the poultry and feed grain sectors and provide them with training and extension services. The Group has also implemented a platform to support micro-, small-, and medium-sized enterprise (MSME) development across the agribusiness value chain. The advisory project will continue through 2026 to enhance Carrinho's digital platform.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation