The commitment will allow Invictus Trading to supply 280,000MT of wheat to Sudan.
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, recently announced a US$ 50mn investment to Invictus Trading, a division of Invictus Investment and a key partner handling the import activity for the DAL Group.
The investment will support the supply of staple foods during times of uncertain global markets, supply chain disruptions, and climate change, contributing to unprecedented challenges for food security in Sudan.
Invictus Investment operates in over 70 countries with a particular focus on Africa, Middle East, and Asia. DAL Group and Invictus Investment have a long-standing partnership, including the supply of key commodities in staple foods such as wheat, aimed at bettering the lives of people in Sudan.
Financing
This investment will enable financing of 280,000MT of wheat annually for vital food products each year. This is the equivalent of over 20 billion pieces of bread for people in Sudan.
“We are delighted to be able to support Invictus Trading and DAL Group, a unique business working to improve the supply of staple foods to the people of Sudan,” remarked Richard Palmer, Head of Corporate Debt, BII.
“This investment is crucial to supporting sustainable food supply. This investment by BII reiterates our decades long work in advancing the agenda of food safety for the people of Sudan,” commented Osama Daoud Abdellatif, Chairman, Invictus Investment Company PLC & Chairman, DAL Group.
