Africa Go Green Fund Secures $18 Million Senior Debt Facility for Cold Solutions Rwanda
Cygnum Capital-managed fund provides debt financing to construct a temperature-controlled cold-storage and logistics hub in the Kigali Prime Economic Zone.
KIGALI, Rwanda — The Africa Go Green Fund (AGG), managed by emerging markets asset manager Cygnum Capital, has reached financial close on a senior debt facility of up to $18 million with Cold Solutions Rwanda Limited.
The capital will fund construction costs and working capital for a greenfield cold-storage facility located in the Kigali Prime Economic Zone. The site will launch with an initial capacity of 4,000 pallets, with design provisions to scale up to 8,000 pallets as regional demand grows.
Addressing Post-Harvest Losses and Food System Efficiency
Rwanda’s expanding agricultural and food processing industries face structural bottlenecks due to a deficit of modern cold-chain infrastructure and refrigerated transport. Across Sub-Saharan Africa, post-harvest produce losses range between 40% and 60%, largely stemming from inadequate temperature-controlled storage and fragmented logistics along the supply chain.
The new Kigali facility addresses these systemic gaps by delivering an integrated solution that combines cold storage, packhouse operations, crop handling, and refrigerated logistics services. Beyond agricultural produce, such as export-oriented avocado processing, the facility provides specialized storage tailored for temperature-sensitive pharmaceutical products. By reducing food waste, the infrastructure also mitigates greenhouse gas emissions linked to organic waste decay.
Sustainable Design and Capital Partners
Cold Solutions Rwanda serves as the local operating vehicle for the ARCH Cold Chain Solutions East Africa Fund, a specialist climate-focused platform advised by ARCH Emerging Markets Partners. The Rwandan entity already operates a temperature-controlled packhouse in Kigali, leveraging operational models established at its flagship facility in Tatu City, Kenya.
Designed around international environmental standards, the project includes a planned 440 kW rooftop solar installation and is targeting an internationally recognized green-building certification. Legal counsel for the debt facility was provided by Hunton Andrews Kurth LLP, with Fichtner serving as technical advisor and Ibis Consulting evaluating environmental, social, and governance (ESG) compliance.
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