Africa Improved Foods Limited

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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.