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Vertical Agro (Sunripe & Serengeti Fresh)

Vertical Agro (Sunripe & Serengeti Fresh) farms fruits and vegetables in Kenya, Tanzania and Ethiopia. The company is also engaged in packing, wholesale and marketing operations. Vertical Agro produces 6500 tonns of fruits and vegetables annually, and is the largests exporter of organic vegetables in Kenya. through its wholesale and marketing company in the United Kingdom, Vertical Agro also sells ready-to-eat and ready-to-cook products in several European countries. Norfund's investment in Vertical Agro will help to create local employment and provide market access to many smallholder farmers in East Africa. Through its export earnings and tax payments, Vertical Agro is contributing both to the regional and local economies. Norfund was the first external investor in this local family business.

Below you can see a about Sunripe from 2016. 

Facts

  • Company: Vertical Agro
  • Sector: Agriculture, forestry and fishing
  • Investment year: 2014
  • Instrument: Equity
  • Committed amount (MNOK): 38.7