The investment marks another step in RMBV’s strategy of backing mid-sized companies with strong growth potential across North Africa.

The firm, which focuses on scaling businesses in key sectors such as consumer goods and services, aims to turn regional companies into market leaders while supporting broader economic development.

Africa Feed & Food operates across the grain and poultry value chain, positioning it as a key player in Morocco’s agri-food sector.

The investment is expected to strengthen AFF’s operations and expand its footprint both domestically and in neighboring markets, at a time when food security and agricultural resilience are becoming increasingly important across Africa.

The deal also reflects Proparco’s continued commitment to supporting private-sector growth on the continent through strategic partnerships.

The institution has been actively investing in African businesses and funds to promote sustainable development and inclusive economic growth.

In a statement, RMBV highlighted the partnership’s broader impact, emphasizing both economic and social outcomes.

“We believe AFF is well positioned to accelerate its growth and consolidate its leadership in Morocco and across the region,” the firm said.

“Through this partnership, we aim to contribute directly to food security in Morocco and West Africa, job creation, the development of local agri-food value chains, and the modernization of a sector critical to the continent’s future.”

The investment comes amid rising interest in Africa’s agri-food industry, as investors increasingly target companies that can help address supply chain gaps, improve food production, and support growing populations across the region.