Norfund, the Norwegian Investment Fund for Developing Countries, has announced a €20 million equity investment in Société Ivoirienne de Productions Animales (SIPRA), one of West Africa’s largest locally-owned and vertically integrated poultry companies. This strategic investment underscores Norfund’s commitment to supporting sustainable agribusinesses that drive inclusive economic growth and food security across the continent.
Headquartered in Abidjan, Côte d’Ivoire, SIPRA operates across the entire poultry value chain. Its operations span feed manufacturing, breeding, hatchery management, poultry farming, processing, and distribution. This integrated model enables SIPRA to maintain high standards of quality and efficiency while serving a growing regional demand for affordable protein.
The €20 million investment will support SIPRA’s next phase of expansion, aimed at increasing production capacity, enhancing operational efficiency, and deepening its impact across the poultry ecosystem. The funding will also help SIPRA scale its partnerships with smallholder farmers, strengthen local supply chains, and create sustainable employment opportunities.
Fabrice Mpollo, Senior Investment Manager at Norfund, commented on the significance of the investment:
At a time when long-term capital is urgently needed to transform key sectors of Africa’s real economy, we are proud to lead this new round of investment in SIPRA. This project reflects our strong belief in local partnerships, which are central to Norfund’s mandate. By supporting SIPRA’s growth, we aim to contribute meaningfully to food security in Côte d’Ivoire and the wider region, while enabling thousands of smallholder farmers to participate more fully in the poultry value chain and benefit from stable income opportunities.
This investment aligns with Norfund’s broader strategy to promote sustainable development through private sector growth in sectors such as agriculture, renewable energy, financial inclusion, and green infrastructure. It also reinforces SIPRA’s position as a key player in West Africa’s agribusiness landscape, with the potential to drive regional trade and improve nutritional outcomes.
