Transaction Summary
Incofin Investment Management (Incofin), a Belgian impact investor established in 2001, has made an undisclosed debt investment in Truk Rwanda, a logistics company that specialises in cold chain storage and transport for meat products, fruits, and vegetables, connecting farmers’ produce to market off-takers. Founded in 2019, Truk Rwanda is a subsidiary of Paniel Group, which operates across the meat value chain through businesses like Paniel Meat Processing, focused on meat production and retail, and Livestock Bank, which provides microcredit and veterinary services to livestock farmers. The investment was made through Incofin’s Nutritious Foods Financing Facility (N3F) and will fund refrigerated trucks and hybrid cold rooms powered by solar-backed grids. Launched in 2024 in partnership with Global Alliance for Improved Nutrition (GAIN), N3F is an evergreen fund focused on combating malnutrition in Sub-Saharan Africa by providing financing and technical support to SMEs committed to enhancing nutrition in the region. This investment
