Nonprofit impact investing firm, Acumen, has invested $1.2 million to KZ Noir, a Rwanda-based coffee processing company owned by Kaizen Venture Partners. The investment will equip KZ Noir the funds for working capital, debt refinancing, and capacity expansion.
According to Acumen, this investment will be their first in Rwanda and the coffee sector. Coffee is a vital commodity for the Rwandan economy and source of employment. KZ Noir harvests coffee from over 10,000 smallholder coffee farmers in Rwanda and currently employs over 1,200 seasonal staff, mostly consisting of women.