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It’s the latest among a slew of African countries falling victim to the pest, which has emerged in regions already plagued by drought and wheat rust outbreaks.
The investment was made from 8 Miles’ first fund, Fund I A, which closed in August 2013 on roughly $200 million, sources confirmed to Agri Investor.
The funds will be used to help Jacoma expand farming operations at its Tropha Estates in Northern Malawi, where it produces high value macadamia nuts, chilli and paprika.
The pest becomes the latest amid a long list of deterrents and setbacks that could suppress investor demand in the region.
With the global economy expected to grow 2.7 percent in 2017, agricultural prices are projected to remain stable amid a healthy pipeline of key grains, but one of the greatest global challenges remains the need for investment into SubSaharan Africa to improve farm productivity, according to a new report from the World Bank.
Robert-Jan van Ogtrop has had operational experience at Remy Cointreau and is an advocate of circular economies, experience which Phatisa said make him good match for the African firm.
Africa's largest real assets manager, which is raising for several funds, will increase its stake in its management partnership with Futuregrowth, UFF African Agri Investments.
Frank Braeken is chief investment officer at Amatheon Agri, a food and agri business making consolidation plays in sub-Saharan Africa. He talks about African entrepreneurship, moving into West Africa and the agri fundamentals that will drive growth.
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