Agricultural cold storage

Agricultural cold storage
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Agricultural cold storage
Agricultural cold storage
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Provide affordable and energy efficient pre-cooling and cold storage facilities for small and medium farmers close to farming areas for perishable agricultural products (meat, dairy, fruits and vegetables).

Expected Impact

Enhance farmer yields and incomes, contribute to food security and foster a positive trade balance.

How is this information gathered?
Updated: 8 Jul, 2021 Date of Production: 1 Feb, 2021
Rwanda
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
< USD 50 million
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Good health and well-being (SDG 3) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Decent Work and Economic Growth (SDG 8) Industry, Innovation and Infrastructure (SDG 9)

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Sector Sources
  • 1) National Institute of Statistics of Rwanda (2020). Labour Force Survey Trends August 2020 (Q3). http://www.statistics.gov.rw/publication/labour-force-survey-trends-august-2020q3 2) International Fund for Agricultural Development (2019). Country Strategic Opportunities Programme 2019 – 2024 for the Republic of Rwanda. https://www.gtai.de/resource/blob/45938/fe1c62c39e821a638471d69ef0ee5261/pro201904175029-data.pdf 3) Ministry of Agriculture and Animal Resources (2018). Strategic Plan For Agriculture Transformation 2018-2024. Republic of Rwanda. http://extwprlegs1.fao.org/docs/pdf/rwa180543.pdf 4) Yilmaz, D.and Yilmaz, I.C. (2020). 'Comparative Cost Assessment of Cold Storage Plants and Natural Storage Structures for Potatoes', Potato Resources. https://doi.org/10.1007/s11540-020-09454-0 5) Ministry of Agriculture and Animal Resources (2018). Strategic Plan For Agriculture Transformation 2018-2024. Republic of Rwanda. http://extwprlegs1.fao.org/docs/pdf/rwa180543.pdf 6) World Bank (2020). Rwanda Food Smart Country Diagnostic. http://documents1.worldbank.org/curated/en/288911601302842762/pdf/Rwanda-Food-Smart-Country-Diagnostic.pdf 7) Gatete, C. (2016). The Rwanda we want: Towards ‘Vision 2050’. https://www.minecofin.gov.rw/fileadmin/user_upload/Minecofin/Speeches/Hon_Gatete_Umushyikirano_Presentation_2016.pdf 8) African Development Bank (2013). Rwanda Transport Sector Review and Action Plan. https://www.afdb.org/fileadmin/uploads/afdb/Documents/Project-and-Operations/Rwanda_-_Transport_Sector_Review_and_Action_Plan.pdf 9) Ministry of Agriculture and Animal Resources (2018). Strategic Plan For Agriculture Transformation 2018-2024. Republic of Rwanda. http://extwprlegs1.fao.org/docs/pdf/rwa180543.pdf
IOA Sources
  • 12) Rwanda Development Board. Horticulture – The Rwanda opportunity. 13) Food and Agriculture Organization of the United Nations (2019). Modernizing Rwanda's livestock to attract investment and enhance food security. http://www.fao.org/rwanda/news/detail-events/en/c/1185157/ 14) PwC analysis based on Prof. A. Damodaran data, 2020. 15) Alliance for a Green Revolution in Africa (2019). The Agribusiness Deal Room at the 2019 African Green Revolution Forum (AGRF). https://agrf.org/dealroom/wp-content/uploads/2020/07/Agribusiness-Deal_Room-AGRF-booklet_020919.pdf 16) Badelt, G. (2019). 'De-carbonizing the post-harvesting phase of the agri-food chain Viability and smart business modeling', GeoCode International. https://unfccc.int/sites/default/files/resource/UNFCC_pptHandout.pdf 17) De Dieu Niyonteze, J., Zou, F., Norense Osarumwense Asemota, G., Bimenyimana, S. and Shyirambere, G. (2020). Key technology development needs and applicability analysis of renewable energy hybrid technologies in off-grid areas for the Rwanda power sector.[https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7002852] 18) International Fund for Agricultural Development (2019). Country Strategic Opportunities Programme 2019 – 2024 for the Republic of Rwanda. https://www.gtai.de/resource/blob/45938/fe1c62c39e821a638471d69ef0ee5261/pro201904175029-data.pdf 19) Alliance for a Green Revolution in Africa (2019). Major Initiative to Boost Cold Storage Capacity in Africa Launched at World Economic Forum in Rwanda. https://agra.org/ifc-and-wfp-collaborate-to-finance-smallholder-farmers-in-rwanda-and-tanzania-2/ 20) Badger Australia. Is Working in Cold Storage Bad for your Health? https://www.badgeraustralia.com.au/blog/is-working-in-cold-storage-bad-for-your-health/ 21) Gatete, C. (2016). The Rwanda we want: Towards ‘Vision 2050’. https://www.minecofin.gov.rw/fileadmin/user_upload/Minecofin/Speeches/Hon_Gatete_Umushyikirano_Presentation_2016.pdf 22) Ministry of Agriculture and Animal Resources (2017). National Agriculture Policy. 23) Republic of Rwanda. 7 Years Government Programme: National Strategy for Transformation (NST 1) 2017 – 2024. 24) Republic of Rwanda. Official Gazette n° Special of 17/01/2013. http://extwprlegs1.fao.org/docs/pdf/RWA131821.pdf 25) Republic of Rwanda (2019). National Cooling Strategy. http://www.fonerwa.org/sites/default/files/Rwanda%20National%20Cooling%20Strategy.pdf 26) Rwanda Green Fund. Publications. http://www.fonerwa.org/publications 27) Ministry of Health. About us. https://moh.gov.rw/index.php?id=380&L=1%27%22 28) Africa Legal Network (2015). Investment Guide - Rwanda. https://www.africalegalnetwork.com/wp-content/uploads/2015/12/Rwanda-Investment-Guide-2015.pdf 29) Republic of Rwanda. The Law on Investment Promotion and Facilitation. https://rdb.rw/wp-content/uploads/publications/Investment%20Promotion%20Law%202015%20(Investment%20code)).pdf 30) Mazimpaka, E (2017). 'Characterization of Cattle Production Systems in Nyagatare District of Eastern Province, Rwanda', Rheolology open access, 1(2): 107. https://www.omicsonline.org/open-access/characterization-of-cattle-production-systems-in-nyagatare-district-ofeastern-province-rwanda.php?aid=91895 31) AMIS Rwanda. http://www.amis.minagri.gov.rw/maps?field_coverage_tid=All&field_commodity_chain_tid=All&field_stakeholder_type_tid=All&field_keywords_tid= 32) Alliance for a Green Revolution in Africa (2019). Major Initiative to Boost Cold Storage Capacity in Africa Launched at World Economic Forum in Rwanda. https://agra.org/ifc-and-wfp-collaborate-to-finance-smallholder-farmers-in-rwanda-and-tanzania-2/ 33) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F. (2020). The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. Cambridge: Cambridge University Press.https://dashboards.sdgindex.org/profiles/RWA 34) Republic of Rwanda (2019). Voluntary National Review Rwanda 2019. https://sustainabledevelopment.un.org/content/documents/23432Rwanda_VNR_Document__Final.pdf 35) SDG Tracker (2021). Measuring progress towards the Sustainable Development Goals. https://sdg-tracker.org/ 36) United Nations. Sustainable Development Goals. https://unstats.un.org/sdgs/indicators/database/