In Senegal, the agro-food sector is booming with household consumption growth driven by rising incomes. If, faced with this opportunity, many companies have already positioned themselves, they are also calling on investors to support them.
Amethis, the French investment fund manager, has acquired a minority stake in Nouvelle Minoterie Africaine (NMA), a Senegalese company operating in the agro-food sector. This is according to a joint press release of the two partners published on February 1, 2021.
Although the amount of the transaction and the share of the share capital bought back were not specified, the operation should give a new lease of life to the company, which is in the midst of a growth phase.
NMA is currently one of the country’s leading agro-industrial players thanks to its good positioning in various segments such as the distribution of wheat flour, pasta and the manufacture of animal feed (livestock, poultry and fish).
With this entry in NMA’s capital, Amethis signs its first intervention on the Senegalese market and also becomes the very first foreign player present in the company’s capital.
« The partnership that has just been sealed with Amethis reflects the vision of our late president, Ameth Amar, to make the NMA a benchmark player in nutrition in Senegal and Africa. We have worked tirelessly under his leadership and are happy that the heirs and the entire NMA team have been able to achieve this goal, » explains Thiendiaté Bouyo Ndao, NMA’s General Manager.
As a reminder, the NMA was founded in 2000. It has a daily production capacity of 55 tonnes of pasta and 400 tonnes of animal feed.