With commitments from four new investors – among them AXA and KBC – the impact investor has raised a total of $140m for its agRIF fund.
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The capital injection will allow the company, a leading producer of pulses and rice, to refinance part of its existing debt, expand into organic ready-to-eat products and strengthen its ESG program.
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.
The new line of credit will finance LDC’s working capital needs in eight countries in Eastern Europe and North Africa.
The new loan will go towards irrigation, transport, research and technology with a view to increasing productivity.
Russia’s sovereign wealth fund has partnered for the first time with the Israeli investment firm to invest up to $100m in Russia’s dairy farming and milk processing sectors.
EXEO co-founder Herman Marais tells Agri Investor about drivers of African food demand growth and specific markets and subsectors he sees as most promising in the region.
A recent CSIS report says that private sector investment in agriculture can help efforts to meet the food security goals set out by the United Nations.
The UN developmental finance institution will use a combination of debt and equity in its contribution to a $853m effort to improve irrigation for the southeast Asian nation’s 24 million smallholder farmers.
The British government has agreed to contribute an additional £5m to support Rwanda’s strategic plan for the transformation of its agricultural sector.