Sunday 20 April 2014

Acumen Announce Ethiopia Poultry Investment

Impact investor Acumen have announced an investment in AGFlow Ventures, who are majority owners of Mekelle Farms, Ethiopia’s largest producer of chicks. Mekelle Farms, founded in 2010, target rural farmers with fast-maturing, high-performance, disease-...

Pearl Capital Partners Invest USD2.3m in Kenyan Dairy Firm

  Pearl Capital Partners have acquired a ‘substantial minority stake’ in Kenyan Eldoville Dairies Ltd, a dairy processing firm, for KES200m (USD2.3m). Eldoville produce yoghurts, cheeses, butter and cream. The company intend to use the funds to...

Agri Vie Acquire Stake in Kenyan Flower Farm

  Nicely timed around Valentine’s Day when Nairobi is a polyester-wrapped storm of red roses, agribusiness PE fund Agri Vie announced a USD5m investment in Kariki Group, a flower farm and exporter. Agri Vie did not disclose their stake in the...

Phatisa’s AAF Acquire Majority Stake in Malawian FES

Phatisa, managers of the African Agriculture Fund (AAF), have announced the acquisition of a majority stake in Malawi-incorporated Farming and Engineering Services Ltd (FES), an agricultural engineering and equipment distribution company. FES started out...

Phatisa Reach Final Close of USD243m for African Agriculture Fund

Having finalised a USD50m commitment from OPIC, fund manager Phatisa have completed the fundraising for their African Agriculture Fund (AAF) at USD243m. Investors include DFIs, commercial banks, fund of funds, and also private investors. Phatisa’s...

Moringa Announce First Close

The Moringa Partnership has announced the first close of an unspecified amount, but above EUR50m, more than half of the intended EUR100m. Amongst the investors committing to the first close are the Finnish Fund for Industrial Cooperation Ltd (Finnfund),...

Phatisa’s AAF Invests in Madagascar Fertiliser Company

Phatisa’s African Agriculture Fund (AAF), managed by Databank Agrifund Manager Ltd (DAFML), has announced an investment in Madagascar’s Guanomad SA, a leading producer of guano-based organic fertilizer products. Although the amount invested was not...

Abraaj Group Acquire West African Dairy Producer

Abraaj Group have announced an agreement to acquire 100% of Fan Milk International (FMI), a market leader in the production and distribution of frozen dairy products and juices in West Africa. FMI has subsidiaries in Ghana, Nigeria, Togo, Ivory Coast,...

Agri Vie Enter JV with Coconut Oil Producer

Agribusiness private equity fund Agri Vie will invest USD4m in a joint venture with Vida Oils International for the merger and acquisition of three separate entities in South Africa and Mozambique. Vida Oils CEO Deon Coetzee emphasised the market...

Agri Vie Invest ZAR50m in Tanzanian Food Corporation

And another fund buys into Tanzania’s agroprocessing story: South African fund Agri Vie have announced an investment of ZAR50m (USD4.9m) in the Tanzanian Food Corporation (TFC). TFC operates mainly in the southern highlands of Iringa and comprises a value...

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