Norfund backs South African agribusiness company
Norfund is providing strategic funding to the AFGRI Group, an agricultural services company in South Africa.
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Norfund is providing strategic funding to the AFGRI Group, an agricultural services company in South Africa.
The strategic funding of ZAR 600 million (about $33 million), will support AFGRI in financing capital expenditures, working capital, and farmer financing.
AFGRI’s operations support approximately one-third of South Africa’s farmers with a comprehensive range of services, including grain management, agricultural machinery, retail, food processing, animal feed, milling, farmer financing, and insurance.
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