AgriFI and BIO co-invest for a total of € 6 million in AgroServ to scale up local agriculture value chain in Burkina Faso.
AgroServ is one of Burkina Faso’s main maize processor producing gritz, flour, semolina and bran. The company aims to increase and diversify its products, by building an agri-food transformation
complex in Bobo-Dioulasso aiming to both increase its primary processing capacity sourced from local farmers and to diversify its product range thanks to secondary
With EDFI AgriFI’s financing, AgroServ aims to further expand and diversify its processing capacity, compliant with high quality standards and increase the sourcing from local smallholders around its plant. The transaction was closed in cooperation with BIO, the Belgian Investment Company for Developing countries, who will co-invest €3 million, as well as Investisseurs et Partenaires and Oikocredit on the equity side.
Investment rationale EDFI AgriFI funding is additional by filling a need for capital with a long tenure, which is a barrier to finance the agricultural sector. The investment will enable to reinforce an integrated value chain benefitting smallholder farmers in Burkina Faso, providing a sustainable market access, services and fair price for their quality maize grains.
€ 3 million