March 30

ABC Fund Invests $4.5 Million in African Agri-Businesses

The Agri-Business Capital Fund (“ABC Fund”) has made a significant investment in the agri-tech industry across Africa, totaling €4.21 million (about $4.5 million). It has financed food production businesses in Benin, Mali, and Uganda, as well as a microfinance institution based in Nigeria.

Jerry Parkes, CEO of Injaro Investments, said, “We are proud to support smallholder farmers in Benin, Mali, Uganda, and Nigeria through these investments. This financing is vital to support the growth of these companies and to make their affiliated smallholder farmers more sustainable and efficient.”

Photo courtesy of 2010CIAT/NeilPalmer.

Source: Ventureburn (link opens in a new window)

Agriculture, Finance, Technology
agtech, food security, microfinance, smallholder farmers