Nurevas

Manufacturer and marketer of processed foods such as mayonnaise- and tomato-based products. 

Investment information

$5,750,000
Committed investment
$5,730,000
Investment made
Processing
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

$300,000
Total annual income for employees
6,900
Smallholder farmers linked to market
63%

Female smallholders linked to market

Total annual income for employees
Smallholder farmers linked to market

Female smallholders linked to market

Our role

AgDevCo’s investment is providing Nurevas with the capital required to fulfil co-packing agreements with international and local brands, and to grow sales of its own-brand products into the Ghanaian and West African market. The funds will also be used to add a packaging line and help cover marketing costs. Nurevas aims to become the leading manufacturer of high-quality, value-added processed foods with export potential.

Our investments in Ghana

Investment Total invested Investment type Start date
Babator Farming Company (BFC) $6,900,000 Debt / Equity 2016
Faranaya Agribusiness Centre Ltd - Technical assistance 2018
Mother's Shea Limited (Naasakle International LLC) - Technical assistance 2018
Nurevas $5,750,000 Debt / Equity 2016
Serendipalm Company Ltd - Technical assistance 2018