Agriculture is a major industry in Morocco that employs about 40 percent of the country’s workforce, but increasingly common droughts have made it difficult for smallholder farmers to produce food and earn income.
Solution and Impact
A DFC equity investment in AfricInvest Fund IV LLC supported the fund’s investment in CMGP-CAS Group, a major regional manufacturer and distributor of irrigation equipment, crop protection, fertilizers, seeds, and other critical farm inputs. Equipment such as drip and pivot irrigation, micro-sprinklers, and greenhouses supplied by CMGP have equipped 170,000 hectares of land in Morocco. The business operates three manufacturing sites and 11 distribution centers around the country and is working to expand its network across Africa, while developing new solutions to combat water scarcity and ensure food security.