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Agadir – The Moroccan agro-industrial group Africa Feed & Food (AFF) has secured fresh capital of MAD 850 million ($91.25 million). This move represents a major milestone in strengthening the investors’ trust in Morocco’s agri-food sector.
“The AFF Group has announced the signing of an investment agreement with RNAF III, a major North African investment fund managed by the investment company RMBV, as well as Proparco,” the group announced today.
Africa Feed & Food is a Moroccan agro-industrial conglomerate. It operates as a fully integrated player across the agri-food value chain. The group plays a role in supporting food security and positioning Moroccan agro-industrial expertise within Morocco and other African markets.
Strengthening the agro-industrial sector in Morocco and beyond
AFF underlines the rising attractiveness of the country’s agro-industrial ecosystem, processing the agri-food sector is a vital sector of the national economy.
By securing this investment, AFF will direct the fund primarily toward expanding industrial capacity within the country, particularly in the group’s core activities.
“The funds raised will be entirely allocated to strengthening industrial capacities,” the group stated, pointing to its first focus to “strengthen the core business in Morocco.”
This aligns with broader national efforts to modernize agricultural value chains, improve productivity, and enhance the competitiveness of locally produced food products.
AFF is also aiming to “accelerate international expansion,” especially in Sub-Saharan Africa, where it is already established in Mali, Mauritania, and Senegal.
This pillar contributes to Morocco’s broader economic strategy of reinforcing cooperation with Sub-Sahara and positioning Moroccan companies as regional leaders on the African continent.
