Pearl Capital Partners exits East African vanilla exporter
Pearl Capital Partners exits East African vanilla exporter
Manager of the Yield Uganda Investment Fund announces exit from Enimiro.
Pearl Capital Partners, manager of the Yield Uganda Investment Fund, has announced the successful equity investment exit from Enimiro, a Ugandan vanilla processor and exporter.
Enimiro, a company based in Jinja, sources from smallholder farmers and processes organic products for export. It specialises in four products: vanilla, arabica coffee, dried pineapple, and jackfruit.
After receiving investment from the fund, Enimiro expanded its coffee processing and drying capacity, increased warehouse space, and installed new vanilla quick-curing equipment. These enhancements significantly boosted Enimiro’s processing capacity, enabling the company to meet new customer interests and rising demand.
David Wright, Enimiro’s CEO, said: “The support of the Yield Fund and Pearl Capital Partners has been invaluable to the growth and success of Enimiro. We are grateful for their investment, which allowed us to properly set up our production facilities and expand our processing and drying capacity thereby also improving the quality of our products. The matching business development services (BDS) facility alongside the investment in the business was so handy, ensuring support and training to both our employees and smallholder farmers. Our aim is to continue developing farmer-to-consumer supply chains with leading technology and value addition infrastructure.”
Edward Isingoma Matsiko, managing partner of Pearl Capital Partners said: “We are extremely pleased with the successful exit of Enimiro and the returns generated for our fund. We remain committed to investing in small and medium enterprises that improve small-scale farmers’ productivity and their access to markets. Yield Fund and Pearl Capital Partners are proud to have been partners with Enimiro during its growth and success and look forward to continuing to invest in innovative enterprises that create both financial returns and significant social impact.”
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