Africa Feed & Food secures US$91.3M to expand agro-industrial operations

MOROCCO – Agro-industrial group, Africa Feed & Food (AFF), has raised MAD 850 million (US$91.25 million), strengthening its position in Morocco’s agro-industrial sector and drawing strong interest from international investors.

The group confirmed that it signed an investment agreement with RNAF III, a North African fund managed by RMBV, alongside Proparco. The deal brings fresh capital into a sector that continues to attract both local and foreign investors.

“The AFF Group has announced the signing of an investment agreement with RNAF III, a major North African investment fund managed by RMBV, as well as Proparco,” the company said in a statement.

AFF plans to direct the full amount toward expanding its industrial base in Morocco. The company will focus on its core operations, especially milling and feed production, where it already holds a strong market position.

“The funds raised will be entirely allocated to strengthening industrial capacities,” the group stated, adding that it will first reinforce its main business activities within Morocco.

The investment supports national efforts to improve agricultural value chains and increase the competitiveness of locally produced food. Morocco continues to invest in agro-processing as a way to support food supply and reduce reliance on imports.

AFF operates as a fully integrated agro-industrial group, covering several stages of the value chain. Its activities include the processing of durum wheat, soft wheat, barley, and corn. The company has built its milling operations through a series of investments in industrial units across the country.

Regional growth strategy

Alongside its domestic plans, AFF aims to grow its footprint across Sub-Saharan Africa. The group already operates in markets such as Mali, Mauritania, and Senegal, and it plans to scale these operations further.

This expansion aligns with Morocco’s wider economic focus on strengthening ties with African markets. Moroccan companies continue to increase their presence across the continent, especially in agriculture and food processing.

AFF holds a leading position in barley semolina production in Morocco and ranks among the country’s most advanced milling companies. Its facilities use modern equipment to produce both semolina and flour at scale.

The latest funding signals continued confidence in Morocco’s agro-industrial sector and highlights the role of large, integrated players like AFF in driving growth within the region.

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