Monday , January 25 2021

Oikocredit invests in Anatrans, a cashew processor in Burkina Faso

Burkinabe cashew processor Anatrans welcomed social investor Oikocredit as a new shareholder.

The Dutch group Oikocredit invests 2 million Euros in Anatrans, one of the largest cashew producers in Burkina Faso. A company supplying nuts from the local community supplies to the international markets organic cashews, which are customary in fair trade.

Anatrans benefits from the commercial network of its largest shareholder, the Trade Development Group (TDG).

In combination with farmer groups and cooperatives, Anatrans maintains relationships throughout the year with 3,500 cashew farmers. The company, which employs about 1,500 people, has been supporting 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 field of inclusive finance, agriculture and renewable energy. Oikocredit loans, investments and capacity building enable low-income people to steadily improve their standard of living.

Oikocredit funds about 800 partners in 70 countries, with a total capital of 971.5 million Euros.

Evert Lyudding, Oikocredit Africa Investment Manager, joined Anatrans Board of Directors as a new investor:This investment reinforces Oikocredit's strategy to support sustainable agricultural processors for small farmers. This exciting partnership with Anatrans and TDG is consistent with Oikocredit's social impact. Anatrans support for organic farming also reflects Oikocredit's commitment to environmental protection. He said.

According to Gerard Klin, TDG General Manager in the Netherlands:It's nice to see that a real partner enters into a cashew deal with us, and their skills will certainly strengthen our business position. I hope this will help increase investment in the cashew sector, especially in local processing, "

Harm Wortman, CEO of Anatrans in Burkina Faso, added:We are pleased to collaborate with Oikocredit and start a new chapter together. Oikocredit's investment will enable Anatrans to expand its business and continue working to create a sustainable value chain for cashews in Burkina Faso. "

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