SeedCo's new seed maize dryer financed by Proparco inaugurated in Zimbabwe
published on 09 September 2021
In 2020, Proparco granted a $25 million loan to Seed Co, the leading seed manufacturer in Africa. This financing was divided into two tranches, each for USD 12.5m. It firstly aimed at financing the Group’s research and international expansion via a loan to Seedco Zambia and, secondly, at Seedco Zimbabwe’s developments, including the construction of a corn dryer, to increase the company's production capacity, double farmers’ harvests and do more to address the climate risk.
Over the coming years, the seed dryer inaugurated today will create thousands of direct and indirect jobs and greatly increase agricultural yields, thus contributing to food security in the region.