Lona Group operates as a diversified, vertically-integrated food business with activities across farming, manufacturing and food processing. The company is undergoing expansion to develop into a broader vertically-integrated food business and to create enhanced economic opportunities in low-income areas. The investment disclosed supports approximately 500 low-income workers involved in the group’s operations. British International Investment committed $6.69M in equity to the company in January 2022, alongside a consortium of investors. An Environmental and Social Action Plan (ESAP) was agreed, including updates to the group ESG framework, establishment of an ESG committee and hiring a dedicated internal ESG resource. The investment is domiciled in Mauritius and is classified with a Medium-High environmental and social risk; it is also fully qualified under the 2X Gender Finance criteria.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2022