British International Investment (BII), the UK's development finance institution (DFI) and impact investor, has announced a $50 million investment to Invictus Trading, a subsidiary of Invictus Investment and key partner handling the import activity for the DAL Group.
The funding will provide DAL Group with the necessary long-term working capital required to import wheat and boost the supply of flour to thousands of bakeries, retail outlets and businesses, enabling the consistent flow of staple food products for millions of Sudanese people in urban areas of the country.
DAL Group's long-standing presence in Sudan spans over 70 years. Through its subsidiary DAL Food, it provides essential foods, and employs 7,000 people across the country with ambitions to strengthen its partnerships with smallholder farms. DAL Group is the largest wheat importer in Sudan and its expansive point of sales network and distribution capabilities, enables delivery of essential food products across the country. This investment will enable the group to finance the purchase of 280,000MT of wheat for vital food products each year.