Ghana: Sahel Capital closes investment in cocoa company
Sahel Capital has closed a $2.4 million working capital loan to Kuapa Kokoo Limited.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Sahel Capital has closed a $2.4 million working capital loan to Kuapa Kokoo Limited (KKL) through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The facility represents a renewal of Sahel Capital’s earlier financing to KKL and will support the company’s increased working capital needs for cocoa procurement.
KKL is a licensed buying company based in Ghana and plays a critical role in the country’s cocoa supply chain. The company is largely owned by the Kuapa Kokoo Farmers Union (KKFU), the largest farmer cooperative in West Africa, comprising over 100,000 certified cocoa farmers. KKL purchases cocoa beans from its farmer members and supplies them to the Ghana Cocoa Board for export to international markets at regulated prices.
Commenting on the transaction, Deji Adebusoye, partner at Sahel Capital, said: “Kuapa Kokoo remains a strong example of a farmer-owned institution that delivers real value to smallholder farmers. This renewed facility reflects our confidence in KKL’s operating model and ensures that farmers within the KKFU network continue to have reliable access to markets.”
Emmanuel Arthur, managing director of KKL, added: “The renewal of this facility strengthens our ability to support our farmers during the cocoa season. This partnership with Sahel Capital enables us to continue serving our farmer members efficiently and at scale.”
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now