Incofin to manage new Africa food fund
The Nutritious Foods Financing Facility Fund aims to boost the production and distribution of safe and nutritious foods.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Incofin Investment Management and the Global Alliance for Improved Nutrition (GAIN), in partnership with the U.S. Agency for International Development (USAID) and the Swiss Agency for Development and Cooperation (SDC), have teamed up to launch the Nutritious Foods Financing Facility Fund (N3F). The fund aims to boost the production and distribution of safe and nutritious foods across sub-Saharan Africa.
N3F is an open-ended debt fund designed to invest in small and medium enterprises (SMEs) focused on improving nutrition in sub-Saharan Africa. Its blended structure combines public and private donor funds to attract capital from private investors.
N3F will support SMEs along the nutritious food value chain.
Beyond financial investments, N3F is committed to providing technical assistance (TA) for SMEs, with GAIN delivering this under a grant provided by the Netherlands Ministry of Foreign Affairs. GAIN will also lead the dissemination of knowledge and insights from the validation of metrics for targeting nutrition-sensitive investments from the N3F, a pioneering nutrition fund.
Myrtho Vlastou, debt director for Africa at Incofin said: “Through N3F, we are addressing a proven funding gap for SMEs in sub-Saharan Africa. Our focus is clear: supporting businesses with tailored funding products where it matters the most. With deals already in the works across East and West Africa, the demand is real.”
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here