Burkinabe casang processor, Anatrans, has received social impact investor Oikocredit as a new shareholder.
Dutch group Oikocredit is investing € 2 million in Anatrans, one of the largest cashew processors in Burkina Faso. The company, buying nuts from the local community, provides international markets with cashew nuts, which are conventional under fair trade rules.
Anatrans benefits from the commercial network of its largest shareholder, the Trade Development Group (TDG).
Together with groups of farmers and cooperatives, Anatrans maintains relationships throughout the year with 3,500 cashew producers. The company, which employs around 1,500 people, has supported producer groups since 2008, offering technical assistance in collaboration with NGOs.
Oikocredit has more than 40 years of experience in financing organizations working in the areas of inclusive finance, agriculture and renewable energy. Oikocredit's loans, investments and capacity building enable low-income people to sustainably improve their standard of living.
Oikocredit finances around 800 partners in 70 countries, with total outstanding capital of € 971.5 million.
Evert Ludding, Oikocredit's capital investment manager for Africa, joined Anatrans's board of directors as the new investor's representative:This investment reinforces Oikocredit's strategy to support sustainable agro-food processors to benefit small farmers. This exciting partnership with Anatrans and TDG is aligned with Oikocredit's focus on social impact. Anatrans's support for organic farming also reflects Oikocredit's commitment to environmental protection He said.
According to Gerard Klijn, CEO of TDG in the Netherlands:It's great to see a real partner enter the cashew market with us, and your skills will certainly strengthen our business position. I hope this will encourage more investments in the cashew sector, especially in local processing. "
Harm Voortman, CEO of Anatrans in Burkina Faso, added:We are very excited to partner with Oikocredit and start a new chapter together. Oikocredit's investment will allow Anatrans to expand its business and continue its work to create a sustainable value chain for cashew in Burkina Faso. "