Sahel Capital backs Nigerian agribusiness company
Sahel Capital has closed a $650,000 loan facility to Noma Services Consolidated Limited.
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Sahel Capital has closed a $650,000 loan facility to Noma Services Consolidated Limited through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The facility comprises $400,000 for working capital and $250,000 for capital expenditure.
Noma is a Nigeria-based agribusiness company specialising in the aggregation and processing of commodities including rice, maize, sorghum, and beans. Headquartered in Abuja, the company sources from a network of over 11,000 smallholder farmers and supplies produce to large FMCG players.
Noma operates central aggregation hubs in Mabushi, Niger, and Kaduna, with regional hubs in Kano and Jigawa, and supports its farmer network through the provision of irrigation facilities and tractors to enhance farming efficiency.
“Noma is playing a critical role in Nigeria’s agricultural value chain by connecting over 11,000 smallholder farmers to reliable and well-structured markets. Their transition from an input-financing model to a more scalable direct aggregation approach reflects both strategic clarity and operational maturity. We are proud to support this next chapter of Noma’s growth,” said Deji Adebusoye, partner at Sahel Capital.
Daniel Enesi Asido, managing director of Noma, commented: “This facility from SEFAA is a pivotal milestone for us. It gives us the working capital and equipment we need to significantly deepen our aggregation capacity and deliver greater impact to the smallholder farmers in our network. We are delighted to partner with Sahel Capital, whose deep understanding of the African agribusiness landscape makes them an ideal long-term partner.”
Sahel Capital currently manages two funds: the Fund for Agricultural Finance in Nigeria (FAFIN), which has investments in SME agribusinesses in Nigeria; and SEFAA, which provides primarily structured debt to agribusiness SMEs across 13 countries in sub-Saharan Africa.
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