Dakar, Senegal, May 15, 2025 — To support the expansion of Senegal's poultry sector, strengthen food security, and create jobs in rural communities in the country, IFC today announced partnerships with L'Africaine de Production Animale (APRAN), a local leading poultry sector company.
IFC will provide a loan of up to 3.2 billion CFA francs (up to USD 5.4 million equivalent) to the company to expand their feed, breeder and broiler operations. This integrated approach will help meet Senegal's growing demand for poultry, and increase the availability of affordable, protein-rich food for consumers.
The project is expected to create more than 1,600 direct, indirect, and induced jobs across Senegal’s poultry value chain. It is expected to reach more than 2,300 smallholder farmers by 2029, including 1,400 women, through access to day-old chicks, veterinary services, technical training, and affordable feed.
IFC's investment is supported by the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP).
"This investment underscores IFC's commitment to strengthening Senegal’s agricultural resilience by boosting local poultry production, which is vital for food security. It also aims to generate meaningful employment opportunities, especially for women and youth in rural communities.” said Serigne Amar, CEO APRAN.
“IFC’s partnership with APRAN will help drive food security, create jobs, and provide training opportunities,” said Makhtar Diop, IFC’s Managing Director. “By supporting local agribusinesses, IFC is strengthening Senegal’s food systems and contributing to sustainable economic growth.”
In addition to financing, IFC will provide advisory support to help the companies implement international best practices in biosecurity, food safety, and environmental and social management. IFC will also help design and implement an outgrower program to improve the productivity and incomes of smallholder farmers.
The project is in line with Senegal's Vision 2050 which emphasizes the importance of agriculture and the agri-food industry in driving sustainable growth and development and the World Bank Group's strategy to promote sustainable agriculture and inclusive growth in West Africa.
Last fiscal year ending June 30, 2024, IFC committed about $615 million in investments and mobilizations in Senegal, a record for IFC in the country. IFC’s current portfolio in Senegal is supporting vaccine production, digital infrastructure, tourism, housing, renewable energy, manufacturing, and agricultural value chains.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
Stay Connected with IFC on social media.
About GAFSP
The Global Agriculture and Food Security Program (GAFSP) is a global effort that pools donor resources to fund programs focused on increasing agricultural productivity as a way to reduce poverty and increase food and nutrition security. The Private Sector Window, administered by the IFC and supported by the governments of Australia, Canada, Japan, the Netherlands, the United Kingdom, and the United States, provides long- and short-term loans, credit guarantees, capital and technical assistance to private sector companies and financial intermediaries. It links smallholder farmers to markets by improving their access to finance, technology, expertise, and inputs.
About APRAN
AFRICAINE DE PRODUCTION ANIMALE (APRAN) is a Senegalese company specialized in the poultry sector, known for its commitment to quality, hygiene, and biosecurity. With modern facilities and a team of young, experienced professionals, APRAN supplies the Senegalese market with high-quality poultry products. Its hatchery, with a capacity of over 250,000 chicks per week, and its state-of-the-art poultry farm enable the company to support local farmers by providing premium chicks and veterinary support, while also offering consumers protein-rich poultry essential for a balanced diet. Dedicated to improving the performance of the poultry sector and ensuring food security, APRAN stands as a key player in the development of the industry in Senegal
Contacts
For IFC
For Couvoir Amar and APRAN
Stay Informed
Sign up to have customizable news & updates sent to you.