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FARM FRESH Solutions PLC Canadian Lentils. Ethiopian Processing. African Impact.

Cover image of FARM FRESH Solutions PLC, Agribusiness venture on VC4A

“Ethiopia imports USD 73 million of processed lentil dal every year — and has zero industrial processors to make it domestically. We’re a Canadian company changing that. We’re building a 100-ton-per-day lentil processing plant inside Ethiopia’s Gada Special Economic Zone — importing Canadian raw lentils, processing them in Ethiopia, and selling finished dal at a USD 380 per tonne gross spread. The plant generates a 24 to 30% IRR, pays back in under 4.5 years, and creates over 400 jobs across the supply chain. We’re looking for a development finance partner to co-fund the USD 1.8 million senior debt tranche. Is that something FinDev Canada — or EDC — has appetite for right now?”

SectorsAgribusiness
LocationBrampton, Canada
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