Projects

Gebana Burkina Faso

Period

2023

Country

Burkina Faso

Sector

Agriculture

Financial facility

AgriFI

AgriFI’s investments in Gebana supports the creation a new processing facility for cashews and dried mango in Bobo Dioulasso.

Project overview

Gebana Burkina Faso (GBF), a part of the Gebana group, processes and exports Fair Trade and Organic cashew nuts and dried mangoes. The firm is established in Bobo Dioulasso where it sources local cashew and mango from about 3,500 farmers.

GBF stands at the forefront of promoting sustainable practices in the food industry. Headquartered in Bobo Dioulasso, GFA is firmly committed to supporting local communities and fostering economic growth.

EDFI AgriFI, managed by EDFI Management Company invested in July 2023 together with BIO, the Belgian Investment Company for Developing Countries. This investment is earmarked to facilitate the establishment of a state-of-the-art processing facility for cashew and dried mango in the South of Bobo Dioulasso. The project’s primary objectives include ramping up processing capacities and optimizing energy utilization while adhering to sustainable practices.

The investment is poised to create lasting positive changes, impacting around 6,000 family farmers by 2026 and generating employment opportunities in rural Burkina Faso.

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Funding objective

AgriFI commits to a total of EUR 3 million in GBF, and the Belgian DFI BIO Invest is also committing EUR 3 million. The financing is aimed at supporting the creation of a new processing facility for cashews and dried mango in Bobo Dioulasso. The project will allow to increase processed volumes and optimize sustainable energy use.

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Investment rationale

This investment falls under the funding of the AgriFI-ACP Regional Window. It will contribute to impact ~6,000 farmers by 2026 and to create employment in a rural area of Burkina Faso.

Gebana activity leads to higher income for farmers thanks to premium linked to organic and Fairtrade certification and profit-sharing mechanism with farmers.

Key Indicators

Impact

6,000 smallholder farmers

Financial Instrument

Senior loan

Amount

€3 million

Year

2023