Investment fund manager Amethis has acquired a minority stake in Nouvelle Minoterie Africaine (NMA), an FMCG company in Senegal, which produces and distributes poultry and livestock feed, pasta and wheat flour. This represents Amethis’ first transaction in Senegal.

Founded in 2000 by the late Ameth Amar, a successful Senegalese entrepreneur, NMA has rapidly grown thanks to organic growth, combined with the acquisition of Moulins Sentenac in 2015. NMA is a key player in the Senega...