AgDevCo

Africa

Region

211.1

Commitment (MNOK)

Active

Status

AgDevCo is a specialist investor in African agribusinesses, set up as a permanent capital vehicle. AgDevCo’s mission is to contribute towards a thriving agricultural sector by investing in commercially viable businesses that create jobs, produce food and link farmers to markets.

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Key information

Sector:
Scalable enterprises
Commitment (MNOK):
211.1
Year:
2022
Region:
Africa
Country:
Regional
Domicile:
United Kingdom of Great Britain and Northern Ireland
Instrument:
Equity
Status:
Active
Mandate:
Development

AgDevCo investments

Investee Sector Country
Afrique Phyto Plus (A2P)Cote D'Ivoire
DekelOilCote D'Ivoire
AfriMacKenya
Sphynx EnterprisesKenya
Sagana CapexKenya
UzimaRwanda
MinimexRwanda
EF Africa GroupMauritius
Flow EquityMauritius
LAFCoMauritius
Goldenlay (GLL)Zambia
Goldenlay Agri (GLAL)Zambia
Katito FarmZambia
JacomaMalawi
KasinthulaMalawi
ORIMalawi
Afri-OilsMalawi
AgricaneMalawi
MurimmoMozambique
ECAMozambique
Westfalia FrutoMozambique
TransurbanMozambique
QBVMozambique
Africado Ltd.Tanzania, United Republic Of
PPTLTanzania, United Republic Of
Uzima UgUganda
NakifumaUganda
New ForestsUganda
Great Lakes CoffeeUganda
GADCUganda
SaiseZambia

AgDevCo

This investment is particularly additional on the following ambitions:

  • Investing in the poorest countries
  • Investing in the most capital constrained markets
  • Investing in the riskiest markets
  • Investing in sectors with high development needs
  • Investing in high risk instruments
  • Targeting underserved segments
  • Mobilising private investors
  • Taking an active role in investments
  • Improving social and environmental performance
  • Supporting enterprise improvements

Read more about the investment:

Norfund invests 20 million USD in African agriculture and food production