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Africa Improved Foods Looks for New Investors to Boost its Mission to Provide Healthy Foods at a Lower Cost

Ramesh Moochikal, CEO of Africa Improved Foods, says that the company is seeking hundreds of millions in investment to enable it to expand to other parts of the continent as it targets a shift to commercial food production. Currently, it operates in Rwanda as a subsidiary company called AIF Rwanda, 7% of which is held by the government of Rwanda. Under the current model its customers have largely been the government of Rwanda and international organisations such as the World Food Programme (WFP); Catholic Relief Services; and the Red Cross to supply their programmes in countries such as Ethiopia, South Sudan, Uganda and DRC. Currently, he says, only about 5-7% of its output is distributed commercially. As it expands further, however, that model is set to change.

AFRICAN BUSINESS

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