
Project Context
Over the past ten years, Senegal has distinguished itself as a major producer/consumer of onions in West Africa, with more than 300,000 tons, second only to Niger. However, approximately one third ( > 100,000 tons) of the production is lost, as the local consumption market cannot absorb the large surplus during the narrow peak harvest window due to a lack of proper storage and preservation facilities. On the other hand, the food industry in West Africa imports large volumes (>4000 tons) of dehydrated onion products (powder, strips, granules, etc.), as there is no local industrial dehydration plant.
Presentation of SAF Ingredients
SAF Ingredient is an AFRICAN COMPANY with a SHARE CAPITAL of 6 million € (approximately 4 billion CFA).
Shareholding:
- 52% DIJON CÉRÉALES, a French cooperative with 60 million € in equity and 272 million € in total assets
- 48% Senegalese shareholders
Project Presentation
SAF Ingredients is undertaking a project to relocate an onion dehydration plant to the Senegal River Valley. It will be the only plant of its kind in Africa and the only one in the world to produce using clean, very low-cost energy (rice husk biomass), reducing the usual energy cost by sixfold. A significant impact is anticipated on communities, with a secure raw material production backed by 400 hectares of a pilot farm (nucleus farm) in addition to local seasonal overproduction.
The project in numbers:
- Total project cost: 15.3 billion FCFA
- Equity (25%): 3.9 billion FCFA
- Granted debt (75%): 11.4 billion FCFA
Lenders
- German Fund AATIF (Africa Agriculture and Trade Investment Fund) / €6 million
- IFC International Finance Corporation (World Bank) €7 million
- SGS Société Générale Senegal €4.4 million
Header Translation: Presentation of AFFIC Support
AFFIC played a crucial role in the project through its advisory mission to facilitate the mobilization of financial resources within the framework of capital mobilization.
- Here is the translation:
- Establish the profile of the potential investor based on the terms of reference of the Principal;
- Create a database of potential investors;
- Approach these investors and assess their interest in the project;
- Conduct the necessary due diligence and background checks to ensure that potential investors align with the expectations of the Principal;
- Connect the client with the most interested candidates;
- Occasionally represent the Principal to potential investors;
- Organize regular reporting to the Principal on the progress of the work;
- Oversee the successful completion of the operation (signature, disbursement).
This mission was a success and ensured that the roundtable on the side was completed as quickly as possible.






