AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

AgDevCo expands portfolio to develop banana industry in Mozambique

Jul 28, 2021Jul 28, 2021 Editor

MOZAMBIQUE – Social impact investor AgDevCo has announced its latest investment in Mozambique’s agribusiness sector. The UK-based social impact investor has closed a US$3 million debt investment in Quinta da Bela Vista Limitada (QBV), an irrigated banana estate located in the Boane area in Mozambique. QBV was established in 2016 as a joint venture between Silverstreet Capital’s Silverlands I Fund and Crookes Brothers Limited and currently comprises 128ha of irrigated bananas. The company’s strategy is to expand the operation to 260ha over the next two years. “AgDevCo’s funding of QBV…

Kenyan based aquaculture entity Victory Farms ropes in new investor, gets multi-million-dollar backing

Jul 9, 2021Jul 9, 2021 Editor

KENYA – East Africa’s largest commercial fish farm, Victory Farms, has received a multi-million-dollar mezzanine debt investment from social impact investor specializing in the African agriculture sector, AgDevCo. The investment will support the company’s continued growth and impact, including the construction of a feed mill and expansion into new countries in the East Africa region, growing its foot prints beyond Kenya. Founded in 2015, Victory Farms operates a vertically integrated business, with its own hatchery, nursery ponds and deep-water cages in Lake Victoria, plus a processing plant and a distribution…

East Africa poultry company Uzima Chicken receives US$3m follow-on debt from AgDevCo

Apr 8, 2021Apr 8, 2021 Editor

RWANDA – AgDevCo, UK based social impact investor with a focus on Africa’s agricultural sector has made a US$3.0 million follow-on mezzanine debt investment into Uzima Chicken Limited, a poultry company operating in Rwanda and Uganda. The East African poultry farm produces and distributes Sasso breed chickens with the aim to create value for rural households by providing better quality meat and eggs for consumption and sale. Uzima provides day-old chicks through a network of hundreds of small, independent distributors who rear the birds to six to eight weeks before…

AgDevCo invests in Tanzania based grain storage bag maker to expand operations

May 26, 2020May 26, 2020 Editor

TANZANIA – AgDevCo, the UK-based social impact investor in the Sub-Sahara Africa agricultural sector has issued a long-term debt investment to Pee Pee Tanzania Limited (PPTL), a regional leader in the production of grain storage bags. PPTL having operations across Eastern and Southern Africa and owning rights to manufacture and distribute storage bags across the region, plans to expand its manufacturing capacity, including setting up a new dedicated factory for the production of grain storage bags with the acquired investment. “We greatly look forward to working closely with the AgDevCo…

UK-based AgDevCo invests in Zambia’s leading eggs supplier Goldenlay

Dec 9, 2019Dec 10, 2019 Editor

ZAMBIA – AgDevCo, the UK-based social impact investor has expanded its agri investment portfolio in Zambia with a multi-million USD debt investment in Goldenlay, the market leader in table eggs in the country. Established in 2005, Goldenlay has a fully automated production facility and includes backward integration into irrigated and dryland cropping. It supplies an affordable source of protein to millions of Zambian consumers, with a focus on distribution to low-income households through informal markets. “The AgDevCo facility provides a long-term financing solution which allows the business to better finance…

AgDevCo invests US$3m to boost organic cocoa sourcing in Sierra Leone

May 9, 2019May 9, 2019 Editor

SIERRA LEONE – AgDevCo has entered into a US$3 million investment with Tradin Organic, a global organic ingredients supplier, to enhance organic cocoa sourcing in Sierra Leone. The investment in Tradin Organic will allow sourcing of organic cocoa directly from certified small-holder farmers in the country linking them to manufacturers in Europe, the USA and Asia. Tradin, which is a subsidiary of SunOpta, has had presence in Sierra Leone since 2017 and has successfully developed a network of trained buying agents ensuring traceable in the sector. As AgDevCo’s first investment…

UK’s AgDevCo invests US$3m in Rwandan milling firm to expand production capacity

Apr 8, 2019Apr 8, 2019 Editor

RWANDA – United Kingdom (UK) based social impact investor, AgDevCo, has announced a US$3 million investment into Minimex Limited, Rwanda’s leading maize milling firm, to expand the production capacity of the firm. The investment is supported through UK Aid’s IMSAR programme aimed at helping improve market systems for agriculture in Rwanda. Harriett Baldwin, UK Minister of State for Africa, said that the investment by AgDevCo’s investment will enable the firm increase its capacity as well as scale up its raw material sourcing capacity from maize farmers across the country. “UK…

AgDevCo, Centurion Agricultural Partners invest in Uganda’s pork industry

Feb 23, 2019Feb 23, 2019 Editor

UGANDA – AgDevCo, a social impact investor in the African agricultural sector has partnered Centurion Agricultural Partners in a multimillion-dollar investment at Nakifuma Farming Company, a pork company in Uganda, to boost the country’s pork sector. The investment through a new 390-sow pig breeding and finishing unit will see Nakifuma utilize improved genetics and animal husbandry practices in the production of quality meat. The company, as one of the few commercial-scale pork farms in the country, seeks to supply quality meat into the country in a bid to satisfy the…