AviNiger
BIO has granted a EUR 1 M loan to AviNiger, a state-of-the-art egg farm in Niger.
Amount
€ 1,000,000.00
Type of investment
Debt
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Food security & rural development
Beneficiary locations
Investment field
Enterprises
Activity
Organisation
AviNiger
Domicile
Avi Niger is a greenfield poultry project located in Niamey, Niger. Their main output is eggs that are sold to distributors and hotels in Niamey. Next to this poultry activity there is a small income from animal feed production, manufactured in their own installations.
Currently, as only 2 batteries out of 4 are filled with chicks, Avi Niger is selling mostly to wholesalers and has started sales to Hotels in Niamey. Until the summer 2019, there were not many big hotels in Niamey but this changed radically as the African Summit took place in Niamey. Now these hotels have created a new demand that Avi Niger is trying to satisfy. Hotels are more demanding in terms of quality but pay a better price than wholesalers.
The local competition for eggs is not impressive. Most eggs consumed in Niger are imported from Nigeria and are constituted by unsold stocks that have been frozen and/or damaged by poor transport conditions.
Development impacts
-
Local economic growth
At the end of 2019, Avi Niger employed 45 workers (of which 10 day workers). Once the animal feed factory is realized, the amount of FTE’s would be increased to over 100.
-
Private sector consolidation/innovation
Creating and improving economic opportunities for local farmers: Thanks to the animal feed activity, it is expected to have a serious impact on local breeders (Chickens, Camels, Cows, Sheep) and to increase productivity.
-
Food security & rural development
Partial substitution of imports: Food is the 2nd biggest import category in Niger. The purpose of this investment is to replace the eggs imported from Nigeria (inconsistent supply throughout the year and of a lower quality)
Read impact and news about this project
Impact Story
My life was a nightmare
21-01-2019
The story of Myriama is a typical one, where people - through no fault of their own - are experiencing hardship but are trying their hardest to overcome it. These people often only need a little push in the right direction - like the availability of affordable eggs to make omelets from. And that’s the kind of impact BIO is looking for.
View more of our investments in this region
Financial Institutions
BRAC International Finance
12,815,000.00
Liberia, Sierra Leone, Tanzania, Uganda
08/11/2024
Debt
