Five notable African agribusiness investments
We highlight five African agribusiness and food investments, as featured in our Dealmaker’s Log.
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We highlight five African agribusiness and food investments over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Phatisa consortium to buy Zaad
Phatisa, through its Food Fund 3, together with a consortium of investors, have agreed to acquire Zaad.
Zaad is a South Africa-based investment holding company specialising in the agricultural inputs sector. Through its portfolio, Zaad operates across the agri-inputs value chain, including seed breeding, production and distribution of forage, field and vegetable seed, alongside crop protection solutions with operations spanning across the African continent. Read the full article
2. Amethis invests in Moroccan fruit exporter BH Holding
Amethis, through its pan-African Amethis Fund III, has taken a minority stake in BH Holding, a Moroccan group specialising in the packing and export of high-value fruits.
The family-owned business is vertically integrated across the value chain, from production to export, and markets its produce under both proprietary premium brands and private labels. Its exports, which include citrus, cherry tomatoes and berries, are shipped mainly to North America and Europe. Read the full article
3. New Forests invests in South Africa’s Rance Timber
New Forests, a global manager of nature-based assets, has announced that its African Forestry Impact Platform has invested in Rance Timber, a forestry and sawmilling company in South Africa.
Rance, which traces its history back more than a century, manages over 14,000 hectares of pine plantations and operates two sawmills. It supplies a range of timber products to markets in South Africa’s Eastern Cape. Read the full article
4. Oxano Capital invests in Zambia’s Zamgoat
Oxano Capital, a Netherlands-based firm that focuses on sub-Saharan Africa, has announced an investment in Zamgoat, a meat processing company headquartered in Zambia.
Founded in July 2012, Zamgoat was established to transform the goat value chain, taking goat meat from traditional, informal markets into a commercial, sustainable, and value-added industry. Read the full article
5. AgDevCo in $7m Sierra Leone agribusiness deal
AgDevCo has made a $7 million investment in Planting Naturals, a producer of organic palm oil in Sierra Leone. Planting Naturals operates a vertically integrated model, sourcing fruits from both its own plantations and a growing network of smallholder farmers, to produce organic crude palm oil and palm kernel oil for export.
AgDevCo’s investment will enable Planting Naturals to increase fruit production, increase mill capacity, and upgrade its logistics infrastructure. The investment is complemented by technical assistance to strengthen farmer support programmes, including digital and traceability. Read the full article
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