Africa Improved Foods CEO outlines plan to combat hunger in Africa
Ramesh Moochikal, Chief Executive Officer of Africa Improved Foods joins CNBC Africa to unpack the details.
Tue, 30 Jan 2024 14:55:22 GMT
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AI Generated Summary
- AIF's five-year plan aims to expand its impact on combating hunger and malnutrition by establishing food processing plants in countries like Ethiopia, Nigeria, and Zambia.
- The organization focuses on replicating the success of their Rwandan operations by partnering with local farmers and ensuring high-quality agricultural output.
- Despite progress made in improving farming practices and increasing yields, AIF faces challenges in raising capital for their expansion plans, citing high interest rates and the rigorous process of obtaining funds as key hurdles.
AIF Africa Improved Foods, under the leadership of CEO Ramesh Moochikal, has launched an ambitious five-year plan aimed at combating hunger and improving nutrition across Africa. Moochikal detailed the organization's mission to mobilize finance through partnerships for farmers and processing plants in various African countries. The organization, which has already made a significant impact in Rwanda, is now expanding its footprint to countries like Ethiopia, Nigeria, and Zambia in a bid to address malnutrition on a pan-African basis.
One of the key focuses of AIF's strategy is to replicate the success they have had in Rwanda by establishing state-of-the-art food processing plants in other African nations. By partnering with local farmers and leveraging on their quality control processes, AIF aims to enhance both the quantity and quality of agricultural output in the regions they operate.
While the organization has seen remarkable progress in improving farming practices and increasing yields, they are facing challenges in raising capital for their expansion plans. Moochikal highlighted the difficulties in securing the necessary funds, citing high interest rates and the rigorous process of obtaining developmental funds as key hurdles.
Despite the challenges, Moochikal remains optimistic about the future of AIF and their ability to make a significant impact on addressing malnutrition in Africa. The organization's commitment to producing highly nutritious, safe, and affordable food products sets them apart in the industry and positions them as a key player in the fight against hunger and malnutrition across the continent.