Investment made to revive milk production in Mauritania

The investment will help diversify TND’s business beyond importing to include integrated dairy and poultry manufacturing, with the aim of replacing imports with locally produced foods, positioning the company to become a regional player in the medium term.

Given Mauritania’s reliance on imports for its food needs, Afreximbank said the investment is an opportunity to develop local manufacturing capacity and positively impact the trade balance, promote industrialization and to create new jobs along the value chain.

Founded in 2005, TND SA is one of the largest national importers and distributors of goods and consumer products in Mauritania. TND’s activities include wholesale and retail of food imports as well as various logistics services.

Prof. Benedict Oramah, Chairman and Chairman of the Board of Afreximbank, said: “Foreign direct investment in Mauritanian companies is rare and this landmark transaction underscores FEDA’s strong commitment to delivering development impact and attracting foreign direct investment in all geographies of the continent. Afreximbank, through FEDA, is pleased to do so especially in Mauritania, one of the first member states of Afreximbank to join FEDA.This investment is a demonstration of one of the benefits of this membership.​

Yann Rogombe, FEDA Investment Director, added, “We are pleased to partner with the sponsor and management of TND SA and support the company in the implementation of its growth plan. This investment will have a significant impact on the development of the agri-food value chain in Mauritania and will position the company as a fully integrated regional player.”​

Telmidy El Najim Driss, CEO of TND SA, said: “We are delighted to have FEDA as an investor and partner. This investment reflects the desire of both parties to develop the agro-food value chain in Mauritania and will also take the company to a new level and a new phase of growth. I am confident in the company’s development prospects, assisted by our partner FEDA, and aim to become a leading player in the region in the years to come, thus contributing to food self-sufficiency in Mauritania and in the region.​

FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development and manufacturing value chain, which includes financial services, technology, consumer and retail goods, manufacturing, transport and logistics, agro-industry, as well as ancillary trade. enabling infrastructure such as industrial parks, in Afreximbank member states.