SEAF Senegal invests in poultry venture
SEAF Senegal has signed its third deal in the country as part of its management of the Oyass Capital fund.
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SEAF Senegal, part of SEAF Global, has signed its third deal in the country as part of its management of the Oyass Capital fund, a sub-fund of the Senegalese sovereign wealth fund.
The investment, totalling 1.3 billion CFA francs (about $2.2 million), will enable La Ripaille – one of Senegal’s leading poultry companies – to expand its operations through strategic diversification into the production of hatching eggs.
The transaction is a combination of equity and Islamic financing.
Following previous investments in Eyone and Dimbaya, this brings the total amount deployed by the fund to $7 million.
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