Major Investment in Morocco's Agro-Industrial Sector
In a significant move to bolster the agricultural landscape in Morocco, Proparco and RMBV have announced a strategic investment in Africa Feed & Food (AFF), committing approximately $91 million, equivalent to 850 million dirhams. This substantial capital increase, announced on March 25, 2026, will enable AFF to enhance its operational capabilities without relinquishing control, as the investment does not involve the sale of existing shares.
Proparco, the private sector subsidiary of the French Development Agency (AFD), and investment firm RMBV will acquire a minority stake through the RMBV III fund, which is focused on North African investments. This transaction is not merely about financial input; it signifies the establishment of a partnership with leading entities that share a vision for developing a robust agro-industrial framework that prioritizes sustainability and efficiency.
Ahmed Chermati, CEO of Africa Feed & Food, remarked on the importance of this investment, stating, "The acquisition of a stake in our company by RMBV and Proparco marks a major milestone in AFF’s development. Beyond the financial resources it brings, this transaction connects us with leading partners who share our ambition to build a high-performing agro-industrial group committed to responsible and sustainable development." This partnership is expected to facilitate not only an expansion of AFF’s industrial capacity in Morocco but also strengthen its operations and footprint in West Africa, particularly in markets such as Senegal and Mauritania.
Expanding Horizons in Agro-Industry
Founded in 1978, Africa Feed & Food operates across the entire spectrum of cereal and poultry production in Morocco, operating through approximately twenty subsidiaries divided into six business units. Their operations include grain imports, industrial processing, and poultry production, all structured around a vertically integrated model that manages everything from raw material sourcing to processing and distribution. With the infusion of new funds, AFF aims to tackle the growing challenges related to food supply by enhancing its industrial capabilities and expanding its market reach.
This strategic investment is also a response to the increasing demand for food security in the region, reflecting a broader commitment to sustainable agricultural practices. The transaction is currently pending regulatory approvals, including clearance from Morocco’s Competition Council, and is anticipated to have a lasting impact on the local agro-industrial sector.
As reported by ecofinagency.com.
