Comptoir de Distribution de Produits Agro-alimentaires S.A.R.L
BIO has given a € 3 M loan to CDPA, whose subsidiary, Agrisatch, breeds and sells chickens and eggs.
Amount
€ 3,000,000.00
Type of investment
Debt
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Food security & rural development
Beneficiary locations
Investment field
Enterprises
Activity
Agribusiness - Aviculture
Organisation
Comptoir de Distribution de Produits Agro-alimentaires S.A.R.L
Website
http://www.cdpa-int.com/Domicile
More investments in
Comptoir de Distribution de Produits Agro-alimentaires S.A.R.L
- Subsidy € 69,190.00 (2014-2016)
CDPA was initially a trading company that imports mainly poultry and frozen fish before reselling on the Beninese and Nigerian markets. The company now has a global storage capacity of 10,000 tons.
Poultry (fins, chicken legs, chicken and turkey gizzard) account for half of the turnover and are mainly sold to Nigerian importers. The fish (horse mackerel, mackerel, sardinella, sardine) is sold on the local market and represents about 40% of turnover. The remaining 10% of turnover consists of dry products (mainly 25L oil).
Agrisatch has two production sites (in Tori and Herviè) that have a total capacity of 100,000 spawning heads that allow the company to produce 90,000 eggs per day and 4,000 bags of food.
Eggs represent 80% of the turnover for a total value of 1.9 billion CFA francs. Poultry represents 16% of sales and is broken down into three products: poultry meat, chickens and ready-to-lay chicks. The first two products are made from hens that have completed their egg production cycle.
Debt
BIO is financing the expansion of AGRISATCH’ capacity through a loan to the mother company, CDPA, together with the French development finance institution, PROPARCO. The aim is to double the current production capacity of eggs and to develop the chicken farming activity for meat consumption.
Development impacts
-
Local economic growth
Approximately 50 new jobs will be created
Poultry represents half of the sales and is mainly sold to Nigerian importers
Establishment of local poultry industries for eggs and chicken meat to reduce dependency on imports
-
Private sector consolidation/innovation
Fresh chicken versus only frozen chicken
Production of quality eggs.
The expansion project stirs up the ambition of other large producers, including number 2, which now wants to climb to the same standards.
-
Food security & rural development
Opportunities for farmers and access to locally produced food
Support of poultry farming and value added. Access to quality food for the poorer segment
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