RMBV’s North Africa-focused investment fund has signed a MAD 850 million (approximately USD 90 million) investment agreement with Africa Feed & Food (AFF), one of Morocco’s leading agro‑industrial groups. The investment is made in partnership with Proparco, the French development finance institution.
AFF is an integrated player operating across the grain, animal feed, and poultry value chain, with activities spanning sourcing, processing, production, and distribution. The group plays a critical role in strengthening regional agri‑food systems and supporting food security.
In its announcement, RMBV highlighted the strategic importance of the partnership:
We believe AFF is exceptionally well positioned to accelerate its growth trajectory and reinforce its leadership both in Morocco and across the wider region. Through this partnership, we aim to contribute directly to food security in Morocco and West Africa, support job creation, develop local agri‑food value chains, and advance the modernization of a sector that is fundamental to the continent’s future.
The investment will help AFF scale its operations, improve supply chain resilience, and expand its footprint into new regional markets, reinforcing its role as a key player in Africa’s agri‑food landscape.
