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Farm field, Africa, Nigeria
The UN body granted its firm direct loan to Nigerian impact enterprise Babban Gona, which has since received commitments worth $23m from other senior debt lenders.
Debt commitment to ETG will allow the agricultural conglomerate to strengthen its food value chains which support more than 550,000 smallholder farmers in Africa alone.
The €100 million impact fund for smallholder farmers is backed by commercial banks and a host of government-backed development finance entities.
Green cabbage field, Nile, Africa
The African impact investor fell short of its $300m target but continues to target IRRs ‘in the twenties,’ says managing partner Stuart Bradley.
The UN arm that tackles rural poverty and hunger amended its 42-year-old founding document in February 2019 so it can invest in private vehicles to enhance its scale and impact.
Agri-Vie Fund II falls just short of $150m target but EXEO managing partner Herman Marais says food and agri remains a ‘logical entry point’ for long-term investors who want exposure to Africa.
OPIC has committed up to $75 million to the fund manager’s second agricultural fund, which like its predecessor will target the food and FMCG value chain in sub-Saharan Africa.
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