TGVC Guarantee to Support BIO’s €2 Million Investment in Limbua Group’s Organic Agriculture Expansion in Kenya
EDFI Management Company issues its first TGVC guarantee, supporting BIO’s financing to Limbua Group Limited
BRUSSELS, Belgium — 03 December 2025 — EDFI Management Company has provided its first guarantee under the Transforming Global Value Chains (TGVC) programme, providing risk coverage to support BIO’s €2 million senior loan to Limbua Group Limited, a Kenyan agribusiness specialising in organic macadamia nuts, mangoes, and avocados. The investment will enable Limbua to expand its production capacity and deepen its engagement with over 10,000 smallholder farmers across Kenya.
The TGVC guarantee covers up to 70% of BIO’s loan to a company located in a Fragile State. The guarantee mitigates risk and enables BIO to channel capital into a high-impact agribusiness that promotes rural development, climate action, and inclusive growth.
“Through TGVC, we aim to de-risk investments that transform global value chains and promote climate-smart agriculture,” said Fadila Hamdane, Chief of partnerships at EDFI Management Company. “BIO’s financing of Limbua aligns with our mission to support inclusive and resilient supply chains in fragile contexts.”
Limbua’s investment programme, totalling €11.1 million, is co-financed by BIO, USAID, DEG, and local lenders. It includes the expansion of mango drying facilities, digitalisation of control systems, and optimisation of macadamia processing operations. The company also plans to construct a new macadamia facility by 2026. BIO’s loan will contribute to general capital expenditure and permanent working capital, supporting the onboarding of additional farmers and enhancing traceability and compliance with organic standards.
“Limbua’s model demonstrates how digital innovation and farmer partnerships can drive sustainable agriculture and rural prosperity,” said Joris Totté, CEO at BIO. “The TGVC guarantee, as an essential part of the EU’s Global Gateway strategy, strengthens our ability to support Limbua’s expansion and deepen its impact across Kenya’s farming communities.”
Limbua’s digital platform registers all participating farmers, enabling full traceability of produce and monitoring of crop health and compliance. The company’s operations contribute to climate mitigation through organic farming practices and reduced post-harvest losses.
Kenya is classified as a Fragile State and an EU Policy Priority Country, which are strategic focuses for TGVC.
About EDFI Management Company
EDFI Management Company (EDFI MC) is a multilaterally owned impact asset manager which delivers innovative development finance solutions that enable European DFIs, development banks and private sector investors to increase the scale and impact of their work. The company focuses on business models, technologies and geographies where other investors have not been able to operate at the desired scale given their resources and investment criteria. For more information, visit www.edfimc.eu
About BIO
BIO is the Belgian Development Finance Institution and investment arm of Belgian international cooperation. It supports the growth of a strong, locally anchored private sector in Africa, Latin America, Asia, and Ukraine. BIO’s investments create jobs and generate local tax revenues, attract additional private investments, focus on sectors often lacking access to capital and respect local priorities. Priority areas include sustainable agriculture, local value chains, renewable energy, and inclusive financial services, with special attention to women’s economic inclusion. For more information: www.bio-invest.be
About the EDFI Transforming Global Value Chains (TGVC) Programme
The EDFI Transforming Global Value Chains (TGVC) Programme is a joint EFSD+ guarantee programme developed by European Development Finance Institutions and EDFI Management Company under the EU’s Global Gateway. The Programme supports and de-risks debt investments in companies and projects that make global value chains more sustainable, inclusive, and resilient, with a focus on high-impact sectors and challenging markets. For more information see https://edfimc.eu/what-we-do/transforming-global-value-chains-tgvc/
About EFSD+
The European Fund for Sustainable Development Plus (EFSD+) is the financing arm of the EU’s Global Gateway strategy. It provides guarantees and blended finance instruments to support investments that contribute to sustainable development, particularly in fragile and emerging markets.
About Global Gateway
Global Gateway is the European Union’s strategy to boost smart, clean, and secure connections in digital, energy, and transport sectors, and to strengthen health, education, and research systems across the world. It aims to mobilise up to €300 billion in investments between 2021 and 2027 to support sustainable and trusted partnerships globally.
