The investment has been structured to keep the controlling interest of the company with the founding family. Africa Feed & Food (AFF) has received a USD 90 million investment from French development finance institution (DFI) Proparco and North Africa-focused investment entity RMBV. AFF handles agricultural products including grain imports, cereals and poultry, pasta and couscous, and flour and semolina production, as well as compound feed production and integrated poultry farming. The French DFI also noted that it would implement strengthened governance, transparency and ESG standards. AFF chairman and CEO Ahmed Chermati said in a statement: “The acquisition of a stake in our company by RMBV and Proparco marks a major milestone in AFF’s development.

Source: The North Africa Journal April 09, 2026 04:18 UTC