Incofin backs three East African food businesses
Incofin Investment Management has announced new investments in three food enterprises.
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Incofin Investment Management and the Global Alliance for Improved Nutrition, through the Nutritious Food Financing Facility (N3F), have announced new investments in three food enterprises in East Africa: Soy Afric in Kenya, and Mkuza Chicks and Rainbow Haulage in Tanzania.
Soy Afric: Soy Afric provides fortified blended foods, porridges, and flours for vulnerable communities across Kenya, Somalia, Ethiopia, Sudan, and the Democratic Republic of Congo. Its nutritionally enhanced product, Unimix, is distributed through school feeding programmes, hospitals, and humanitarian relief efforts. Other products, such as Nutridense and Tender Mercies, offer additional sources of essential nutrients for low-income consumers.
Mkuza Chicks: In Tanzania, Mkuza Chicks supports over 2,000 smallholder farmers each year. From hatcheries to abattoir, Mkuza’s vertically integrated operations ensure that affordable chicken meat and eggs reach low- and middle-income consumers across the country.
With long-term capital from N3F, Mkuza will rebuild several chicken houses and automate key productivity functions, such as feeding, watering, and climate control.
Rainbow Haulage: Based in Tanzania, the company aggregates, cleans, and trades staple crops – including maize, sorghum, soya, and beans – sourced from 18 cooperatives and 30 commercial farmers. It connects smallholder farmers to large institutional buyers, such as the World Food Programme, Africa Improved Foods, other producers, and Tanzania’s National Food Reserve. With backing from the fund, Rainbow will expand its procurement and distribution capacity.
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