Norfund invests in West African integrated poultry producer
DFI commits €20 million to Société Ivoirienne de Productions Animales.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Norfund is investing €20 million in Société Ivoirienne de Productions Animales (SIPRA), one of the largest locally-owned and integrated poultry companies in West Africa.
Headquartered in Abidjan, Côte d’Ivoire, SIPRA operates across the entire value chain – from feed production and breeding to processing and distribution.
“At the time of continuous focus on providing needed long-term capital in transformative sectors of the real economy on the continent, we are pleased to lead this new round of investment to support SIPRA in this important growth phase. This project is anchored in strong belief in local partnership which is at the core of our mandate and will contribute to increase food security in Côte d’Ivoire and the region, create sustainable jobs as well as enabling capacity for thousands of smallholder farmers across the poultry value chain,” said Fabrice Mpollo, senior investment manager at Norfund.
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now