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Follow on Google News | Delphos Advises Pearl Dairy Farms on USD 35 million Debt Financing for Expansion across East AfricaThe leading East African dairy processor will acquire a packing facility modernizing the dairy value chain.
By: Impact Newswire Pearl Dairy Farms robust Dairy Development Program, implemented with IFC's support, will benefit over 15,000 local farmers, providing training on best practices and access to data helping farmers boost their productivity and profitability, as well as scale production. The financing will also help to bolster food security in the region by increasing access to dairy products and fortifying the dairy supply chain to better withstand macroeconomic shocks. Pearl Dairy's CEO Amit Sagar says: "Securing this facility is an important milestone for Pearl and is a testament to our continued commitment to driving growth and excellence in the dairy sector. With IFC and FMO's support, we are poised to scale our impact even further, empowering more smallholder farmers, enhancing food security, and fostering sustainable growth," "Pearl Dairy is a perfect example of an impact story where investment in modernizing the dairy value chain creates significant economic returns for the community and the country as a whole. IFC and FMO's financing will enable Pearl Dairy to expand across the continent. We believe that those that achieve inclusive growth can make significant economic returns for their community. "Said Delphos Chairman and CEO, Bart Turtelboom. The transaction is expected to have significant impact in both Kenya and Uganda, helping to increase smallholder farmers' access to the raw milk market in both countries. In the past 37 years, Delphos has raised $4.7+bn in financing for transactions across the African continent. It has continued to contribute to SDG Goal 2, alleviating hunger in emerging economies, by actively participating in agricultural production growth. The Ugandan agricultural sector continues to be the most important sector; it employs approximately 72% of the population and contributes about 24.1% to the GDP. Uganda's dairy sector is now valued at US$3.8 billion while the export portion brings in US$106.2m per year. Milk and dairy products are crucial allies against hunger and food insecurity. For Full Press Release - https://www.impactnews- Visit us - www.impactnews- End
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