Teranga Capital has invested 300 million CFA francs in Fruitales, a Senegalese agro-food company, to enhance its production capacity and support its growth objectives while promoting local economic development.
Information on the Target
On November 7, Teranga Capital made a strategic investment in Fruitales, a Senegalese company focused on the processing and marketing of fruits, vegetables (including chili, bissap, bouye, ginger, mango, and papaya), and spices. This investment aligns with the growing demand for quality agro-food products both domestically and internationally.
With a financial commitment of 300 million CFA francs, Teranga Capital aims to enhance Fruitales' production capacity and accelerate its growth trajectory. Additionally, the partnership will provide tailored support to the company, encompassing strategic planning and operational efficiency improvements.
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Industry Overview in Senegal
The agro-food industry in Senegal has witnessed significant growth in recent years, driven by increased local and international demand for agricultural products
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Teranga Capital
invested in
Fruitales
in 2023
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $1M