BII, Swedfund and Norfund Invest $85 Million in AgDevCo to Support Agribusinesses in Africa
British International Investment (BII), the UK’s development finance institution and impact investor, alongside Swedfund and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The equity investment comprises up to $50 million from BII, $20 million from Swedfund, and $15 million from Norfund, with the funding aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas.
Photo courtesy of UN Women Africa.
Source: British International Investment (link opens in a new window)
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- Agriculture, Investing
