Sign In or Register | Monday, July 15, 2024
AfricaTeam,   4/21/2022 5:45:01 PM Add AfricaTeam as a Friend | Send Message
Africa See Profile
Mali’s Fonio Exports To Rise Through $1.9M USG Investment

 USAID / Prosper Africa co-investment grant to Yolélé and Mali Shi SA
will improve smallholder value chains and create 13,700 jobs in Mali

Bamako, Mali April 19th 2022- The ancient grain fonio has been grown as a subsistence crop in West Africa for over 5,000 years. A new venture in Mali called Sustainable African Foods (SAF) is turning fonio into a cash crop to provide a sustainable source of income for farmers in the Sahel region, one of the world’s most vulnerable areas.


SAF is an agro-processing operation being built by two companies: Yolélé, Chef Pierre Thiam’s U.S.-based West African food company, and Mali Shi SA, Mali’s leading shea butter manufacturer with a supply network of over 23,000 West African smallholder farmers, most of them women. A co-investment grant of $1.9 million through the U.S. Agency for International Development’s (USAID) West Africa Trade & Investment Hub (Trade Hub) will be leveraged by Yolélé/Mali Shi SA to make the companies’ venture possible. The funding comes directly from Prosper Africa, a U.S. Government initiative that is increasing two-way trade between the United States and Africa.

• Fonio is a drought-tolerant, gluten-free, nutritional powerhouse that can be used like any other grain. Since 2017, Yolélé has been sharing the ancient West African grain in the United States and is now expanding internationally.

• Prosper Africa’s $1.9 million co-investment grant, coordinated through the USAID Trade Hub, supports Yolélé/Mali Shi SA’s plans for U.S. market development and promotion, supply chain development, and the establishment of a new Mali-based processing center.

• As part of its co-investment partnership with the USAID Trade Hub, Yolélé/Mali Shi will leverage an additional $11.6 million from private sources to ensure SAF’s success.

• SAF addresses 11 of the 17 UN Sustainable Development Goals, including (1) No Poverty (2) Zero Hunger, and (9) Industry, Innovation, and Infrastructure.


Through SAF, Yolélé/Mali Shi will build a supply chain that traceably connects smallholder farmers living in extreme poverty with local and global markets for biodiverse, climate-resilient crops through efficient processing. The Prosper Africa-supported project is expected to create 13,714 agricultural jobs in Mali, and $4.5 million in collective smallholder sales in the next 2 years.


“Efficient processing has always been the missing link preventing farmers from earning livelihoods from fonio,” says Pierre Thiam, co-founder of Yolélé. “Fonio is easy for smallholders to grow, but turning it into food is hard! We devoted a lot of resources to find a technical solution to industrial-scale processing, and a strong local partner at the source. SAF can deliver Global Food Safety Initiative-compliant fonio, millet, and sorghum for flexible applications to major food manufacturers. That changes the landscape in terms of farmers’ incomes and traceable impact at scale.”


The success of the project will be key to Yolélé earning $10 million in sales by the end of its 2.5-year USAID Trade Hub co-investment partnership, driven by expanded distribution for its snacks as well as other fonio-based products in retail, foodservice, and industrial channels. At the end of the partnership, farmers within Yolélé/Mali Shi’s grower network will be earning a sustainable income from fonio sales to supplement their other farming activities, increasing the family’s cash income by an estimated 85 percent.

“Providing multiple sources of income for the farmers in our growing network has a huge impact on family life and rural landscape,” said Simballa Sylla, the CEO of Mali Shi. “It makes financial sense for farmers to engage in sustainable, biodiverse, multi-crop rotations only if they have customers for their harvests. SAF is that customer, an element that has been missing for smallholders in the Sahel.”


The Trade Hub’s co-investment partnership with Yolélé/Mali Shi marks its first in Mali.

“Mali is ripe with opportunities to support economic growth through private investment, create long-term jobs for smallholder farmers, and increase exports of products such as fonio to the United States,” says Frantz Tavares, Public-Private Partnership Manager for the USAID Trade Hub. “I expect our project with Yolélé/Mali Shi will prove this and encourage more investment into Mali’s high-potential businesses.”




Tags:Mali’s Fonio Exports To Rise Through $1.9M USG Investment
Bookmark and Share Email Email to Friends Print Print
Please Sign In  or Register  to post a comment.

Facebook Twitter YouTube Instagram Linkedin African Music
Post a New Story from your Account, then Vote for it Here by clicking Push

Most Popular
Latest Forums
Latest Polls
    Nigeria    Kenya    
South Africa    Ghana    
Africa's Top 10 National Parks    The Cost of an African Safari Adventure: From Budget to Luxury    Egypt    Ethiopia    Zimbabwe    
Uganda    African Development Bank    Africa    Tanzania    Central Bank of Nigeria (CBN) Has Issued a Directive to All Nigerian Banks    Test    Kenya a Hot bed of Investments    Mosi-oa-Tunya Falls "The Smoke That Thunders"    Pope Francis On Safari In Kenya    The Greatest Footballer Ever    
Media Kit | Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us
Copyright © 2022-2024 "Africa Updates" All rights reserved