AgDevCo expands portfolio to develop banana industry in Mozambique

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 (JSE: CKS) and currently comprises 128ha of irrigated bananas. QBV’s strategy is to expand the operation to 260ha over the next two years. Crookes Brothers have a proven track record in…

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Impact investor AgDevCo backs Kenya based aquaculture firm Victory Farms with multi-million dollar investment

KENYA – Social impact investor working in the African agriculture sector AgDevCo, has announced a multi-million-dollar mezzanine debt investment in Victory Farms, a rapidly growing aquaculture company in Kenya. AgDevCo’s 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. For decades, the wild catch from Africa’s Great Lakes have been declining, with the result that local markets rely on imported frozen fish, often of low quality and Victory Farms saw an opportunity to supply affordable protein to consumers…

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

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 team…

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

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…

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