SODEVOL is based in the Anambe Bassin in Kolda, Senegal. There are 5,000 ha of land to potentially grow rice in Anambe Bassin over 2 seasons. The company is working to develop a rice production and transformation project. The project aims to implement a modern rice mill with a capacity of 20,000 tonnes of paddy rice. 70% of the paddy will come from smallholder farmers while 30% will come from SODEVOL’s production. In addition, SODEVOL will produce, condition and market certified rice seeds.
Market Opportunity/ Problem
Rice consumption in Sub-Saharan Africa is among the highest in the world. In Senegal, rice is a major part of food consumed. This cereal is present in all meals and consumption amounts to 74 – 90 kg/person/year. In 2018, the production of white rice accounted for 38% of the total market and the volume of imports accounted for 62% of the total. However, Senegal has the necessary conditions to be produce rice over the two seasons in order to achieve rice self-sufficiency. The project aims to improve farming practices in order to maximise rice production.
Years of operation
Type of organization
Stage of the business
Early stage/ Startup
Agriculture value chain(s) focus?
Primary country of operation
Other country(ies) of operation
Gambia, Guinea, Mali, Guinea Bissau
How many employees does your business have?
4 permanent employees and more than 10 part-time employees
Does the business have more than 30% women ownership?
Does the business have more than 30% youth ownership (under 35 years)?
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
What is the split between equity and debt?
25% equity, 75% debt