Promoting a sustainable agribusiness sector in Africa
Kenya South Sudan Multi-country Africa
Proparco has allocated a grant to Agris, a subsidiary of Maris, to support the development of the agribusiness sector in Africa, the strengthening of its position in value chains, and the adoption of practices with objectives geared towards positive impacts.
Client presentation
Maris operates food and crop production companies and agricultural service companies that are working to accelerate the integration of East Africa’s agricultural stakeholders into global food systems and strengthen the continent’s food security. The portfolio includes Evergreen Herbs, the second largest producer of herbs, fruit, vegetables and mushrooms in East Africa, as well as Equatoria Teak Company (ETC), a company specialized in producing and marketing teak, an exotic wood well known for its sustainable qualities.
Project description
Proparco, through FISEA+, has allocated a EUR 490,000 Technical Assistance (TA) facility to Agris Africa Limited and the other agribusinesses of Maris in Kenya and South Sudan. The purpose of this TA facility is to support internal transformation projects to ensure the sustainable growth of the company’s affiliates in East Africa. This financing is part of France’s Choose Africa initiative implemented by AFD Group.
Project impact
Overall, these activities will contribute to creating direct and indirect jobs, training for almost 1,000 farmers, and improving the inclusion of women in local agricultural value chains.
The projects implemented through the TA facility will strengthen the activities of these two companies which are geared towards neighboring communities and improving their economic inclusion. The TA will also contribute to strengthening their gender equality strategy, expanding local distribution channels, and building their capacity to produce higher value-added goods in highly vulnerable regions, such as South Sudan.
This information is given at the time of signature, without prejudice to any developments in the operation/project
12/07/2023
Date of signature of the project
Sectors
Kenya South Sudan Multi-country Africa
Location
Financing tool
490 000
Euros
Amount of funding
EUR 490,000 technical assistance grant
Agris Africa Limited
Head office country
IZZ1110
CES
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News
SignatureProparco and FISEA+ are supporting Maris, in implementing innovative and sustainable practices within its companies
Published on 03 April 2024 -
on the same region
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Multi-sectorsRenewable energies and energy efficiencyHSBC Real Economy Green Investment Opportunity
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on the same financial tool
