- Burkina Faso
- Business model
EDFI AgriFI and BIO co-invest for a total of EUR 6 million in AgroServ to scale up local agriculture value chain in Burkina Faso.
Investment Name: AgroServ Industries SA
Contract date: October 2022
Country: Burkina Faso
Total AgriFI Financing: EUR 3 million
Environmental and Social Category: B+
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
Agroserv is one of Burkina Faso’s main maize processor producing gritz, flour, semolina and bran. With EDFI AgriFI financing, the company aims to further expand and diversify its processing capacity, compliant with high quality standards and increase the sourcing from local smallholders around its plant. The deal is performed in cooperation with BIO, the Belgian Investment Company for Developing countries, who will co-invest EUR 3 million, as well as Investisseurs et Partenaires and Oikocredit on the equity side.