Rwanda’s fine maize producer Minimex receives $3m funds from UK’s AgDevCo

The United Kingdom-based social impact investor backed by UK Aid, AgDevCo has given a gigantic amount of USD 3 million to one of Rwanda’s leading producers of maize products, Minimex Ltd.

AgDevCo announced its latest investment in Minimex during the visit of Harriett Baldwin, UK Minister of State for Africa, who is in Rwanda to represent her country at the 25th commemoration of the 1994 Genocide against the Tutsi. She was accompanied by Rwanda’s Minister of Agriculture and Animal Husbandry, Geraldine Mukeshimana.

Minimex is one of the most technologically advanced mills in Rwanda with the capacity to produce over 40,000 tonnes per year. It generates fortified maize flour, grits and bran that are sold in the East Africa region. “The investment will significantly benefit maize farmers, livestock owners, consumers and the Rwandan economy by increasing production of fortified flour and high-quality animal feeds,” Chairman of Minimex, Félicien Mutalikanwa opined.

The Chairman said to the reporters that the investment will enable them to go up to 55 percent in this year from the current 40 percent. “In the next year, we hope to be producing at 65 per cent of the factory capacity and at 80 per cent in the next three years. We intend to buy more maize from local farmers and ensure that we don’t face stock challenges as it has been previously,” Mutalikanwa added.

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