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Afreximbank's fund invests in Mauritania's FMCG company TND to develop poultry and dairy production

Christian Fernsby |
African Export-Import Bank (Afreximbank) has announced an investment by the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, into TND SA, a leading FMCG Company in Mauritania.

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This investment will help to diversify TND's business beyond importation to include integrated manufacturing of dairy and poultry products, in a bid to replace imports with locally produced foods, thereby positioning the Company to become a regional player in the medium term.

Given Mauritania's reliance on imports for its food needs, this investment presents an opportunity to develop local manufacturing capacity, positively impacting the balance of trade, to promote industrialization and to create new jobs along the value chain.

Founded in 2005, TND SA is one of the largest homegrown importer and distributor of goods and consumer products in Mauritania. TND's operations include wholesale and retail of food imports as well as various logistics services.

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