Impact investor AgriFI doubles down on Tanzanian business with $2m

Points clés à retenir

The AgriFI Tanzanian facility is an integral part of a EUR 100 million EU-funded program aimed at enhancing the livelihoods of smallholder farmers in the country. As an early example of the EU Global Gateway initiative, this program focuses on financing hard infrastructure improvements to enhance market access. EA Foods, in turn, connects smallholder farmers in horticulture value chains to these improved markets. EA Foods operates by collecting, processing, and delivering fresh produce directly from farms to urban customers, primarily street vendors. This approach eliminates multiple intermediaries along the supply chain. By doing so, the company effectively addresses post-harvest losses and bolsters food security, as all produce is consumed within Tanzania. Additionally, this activity plays a role in reducing the significant levels of imports in Tanzania, particularly in regions like Zanzibar, where EA Foods aims to source from local farmers.