Truk Rwanda & Couvoir Amar Secure $1.55M N3F Funding for Nutrition Impact
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Incofin Investment Management, alongside the Nutritious Foods Financing Facility (N3F) partners, the Global Alliance for Improved Nutrition (GAIN), USAID, and the Swiss Agency for Development and Cooperation (SDC), announces two new investments to enhance food security and nutrition in Sub-Saharan Africa. These investments, totaling USD 1.55 million, underscore N3F’s active deployment in the region. The fund has invested over USD 4 million within its first year of operation.
Investee Highlights
Truk Rwanda is a logistics company providing cold chain storage and transport for fresh fruits and vegetables. N3F’s investment enables the purchase of refrigerated trucks and the setting up of hybrid cold rooms. This allows farmers to extend the shelf life of their produce, maximizing income and reducing food waste. Truk Rwanda also connects farmers in central Rwanda with vendors. It offers them informal training on post-harvest handling to effectively preserve the nutritional value of products. The environmentally friendly cold rooms, powered by solar-backed grids, also contribute to reducing greenhouse gas emissions. The company’s services increase access to nutritious fruits and vegetables, which are important sources of micronutrients like Vitamins A and C for local communities.
Couvoir Amar is a company operating in Senegal’s poultry sector. By increasing domestic production, Couvoir Amar aims to make poultry more affordable for lower-income groups. It encourages intake of nutritious protein through poultry consumption, which in Senegal remains among the lowest in the world. Poultry meat is a source of high-quality protein and micronutritients like zinc. The company also helps to create jobs in rural communities, impacting positively particularly women and youth.
Why These Investments Matter
Both companies align with N3F’s mission to enhance nutrition while driving socioeconomic impact:
- Improving nutrition: Truk Rwanda and Couvoir Amar improve access to nutritious foods for underserved populations in Rwanda and Senegal.
- Supporting communities: Each investee company is backed with tailored technical assistance managed by GAIN. This ensures sustainability, and local capacity-building creates resilient value chains.
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