men fixing irrigation pipe in a banana plantation

** For the best experience, download the free Africa Private Equity News app Android | iOS **

Financing for Agricultural SMEs in Africa (FASA) has made its first investment by committing $5 million to Catalyst Fund, a pan-African venture capital fund supporting entrepreneurs developing solutions to help communities adapt to the growing impacts of climate change, including droughts, extreme weather and food insecurity.

FASA is a fund-of-funds dedicated to unlocking financing for Africa’s underserved agri-SMEs. By investing in and supporting investment fund managers, FASA channels catalytic capital into businesses that drive sustainable growth in the agricultural sector. FASA is managed by Investisseurs & Partenaires.

This initial commitment helped attract additional public and private investors, allowing Catalyst Fund to reach $30 million in committed capital.

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. The Dealmaker’s Log is available to all Premium subscribers, with the latest edition delivered immediately upon subscribing – subscribe now.

Investisseurs & Partenaires fund-of-funds…