Kenya: Sahel Capital extends funding to avocado processor
Sahel Capital has announced a $600,000 term and working capital loan to Persea Oil & Orchards.
Africa Private Equity News’ Connect messaging service is now free. Directly message other private equity professionals in our community.
Download the free Africa Private Equity News app: Android | iOS (or search for it in the app store)
Tap on the top-right icon to log in or register a free account
Tap on bottom-right Connect icon to start chatting
Sahel Capital has announced a $600,000 term and working capital loan to Persea Oil & Orchards through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
Persea is a Kenyan-based avocado oil processor that provides an off-take market for avocado farmers and produces the finest quality cold-pressed organic extra virgin avocado oil and crude oil.
This investment will enable Persea to aggregate more avocado fruits, increase its processing capacity, and export more avocado oil.
JMK Partners Advocates LLP and Samawati Capital advised SEFAA on this transaction.
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.