Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

AgDevCo’s loan to maize mill Minimex is its third investment in Rwandan agribusiness



ImpactAlpha, April 8 – U.K. agribusiness impact investor AgDevCo extended a $3 million mezzanine loan to Minimex Limited, a maize milling firm in Rwanda.

Minimex churns out 40,000 tonnes (about 44,000 tons) of high-quality maize flour, grits and bran per year, making it one of the largest mills in the country. The product is sold throughout East Africa. With the investment, Minimex will boost its milling capacity and purchases from tens of thousands of Rwandan small farmers.

“Minimex drives impact at both ends of the supply chain, buying maize from smallholder farmers and selling fortified flour to its customers,” AgDevCo’s Chris Isaac said in a statement.

Other Rwanda-based AgDevCo investments include Kigali Farms, a mushroom grower; and Uzima, a day-old chick producer. The UK Aid-backed agribusiness investor has invested more than $150 million in 50 production, processing and distribution companies in sub-Saharan Africa.

You might also like...