AFRICAN AGRICULTURE FUND
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CLICK ON THE WHITE TRIANGLE TO PLAY THE VIDEO Phatisa introduces a truly pan-African investment approach in response to the continent’s food predicament - the African Agriculture Fund. As part of a coordinated response from a pool of European and African DFIs, the African Agriculture Fund (AAF) is powerful enough to make a positive impact on African agriculture and food production. Reaching its first closing at US$ 151 million in November 2010, the AAF has a total target size of US$ 300 million. The aim is to support private sector companies that implement strategies to enhance and diversify food production and distribution in Africa. How? By providing equity funding and strengthening the management, modernisation and organisation of the agricultural sector on the continent.
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To enhance its impact on development, the Fund has deployed two powerful instruments: an initial allocation of US$ 30 million to SMEs to boost development returns, and a Technical Assistance Facility of €uro 10 million to finance studies and capacity-building for small firms and larger outgrower/smallholder schemes.
Priority investments are in food production and distribution in cereals, livestock farming, dairy, fruit and vegetables, crop protection, logistics, fertilisers, seeds, edible oils, smallholders and agri services. A quarter of the Fund will be invested in primary agriculture.
To combat the chronic undercapitalisation in the African agribusiness and agriculture sectors, the Fund is also equipped with an innovative mechanism designed to attract private sector capital through “C” shares.
And behind it all is Phatisa Fund Managers.
With reliable partnerships and networks across sub-Saharan Africa, and a team whose track record spans 100 years of private equity and agri business development in Africa, Phatisa has the experience and expertise needed to invest, manage and successfully exit what will be one of Africa’s most pioneering agricultural private equity funds.
'Africa has entered a new era to which all forward-looking investors should pay close attention'. Thabo Mbeki, former South African President, AGCO Africa Summit, Germany, January 2012
CONTACT DETAIL
If you require more information on the AAF contact:
Stuart Bradley Founding Partner, Fundraising & Investor Relations
Email stuartbradley@phatisa.com
Izelle le Roux-Owen Corporate Communications & Investor Relations
Email izelleleroux@phatisa.com
Phatisa Consulting (Pty) Ltd is a subsidiary of Phatisa Group Ltd | South African Company Registration no. 2010/023254/07 | FSP Licence no. 43199
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