Investment Portfolio

COMPANY COUNTRY BUSINESS
DESCRIPTION
INVESTMENT TYPE YEAR DEAL CARD
GOLDTREE Sierra Leone Palm oil milling,outgrower
scheme and small nucleus plantation
Developmental 2011 VIEW
GOLDENLAY Zambia Poultry - layers Management buy-out 2012 VIEW
FERONIA Democratic Republic of Congo (DRC) Palm oil plantations and mills Expansion 2012 VIEW
CONTINENTAL
BEVERAGE COMPANY
(CBC)
Côte d'Ivoire Water purification, juice manufacturing, bottling and distribution Expansion 2013 VIEW
farming and
engineering services
(FES)
Malawi Agricultural engineering and equipment distribution Buy-out 2013 VIEW
Meridian Group Malawi, Mauritius, Mozambiquie, Zambia and Zimbabwe Manufacture and distribution of specialised fertiliser blends, processing and storage of agricultural products, and a a chain of retail stores Buy-out and expansion 2014 VIEW
General Plastics Kenya Food, beverage and agro chemical packaging Expansion 2014 VIEW
Kanu Equipment Sub-Saharan Africa Agri services, equipment and dealerships Expansion 2016 VIEW
AAF SME FUND Pan African Fund Manager: Databank Agrifund Manager Limited (DAFML) SME private equity fund 2012 VIEW

AAF CASE STUDIES

2014 Development Impact Report – Driving change

This AAF impact document aims to showcase the work undertaken by Phatisa and the AAF, which goes beyond the standards of environmental, social and governance we set for our portfolio companies. Through its work with the AAF, Phatisa has coined a new asset class, ‘Development Equity’, which combines the development finance spirit of the majority of our investors with the principles of commercial private equity investment, demonstrating that the two disciplines can be mutually inclusive.

Using three case studies the snap report aims to demonstrate how development equity can change lives, develop countries and continue the work that has been undertaken by many of our DFI investors to improve Africa’s standing in the world.

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REHABILITATION OF THE GOLDTREE MILL: A VISUAL TIMELINE, 2011 – 2013, DARU, SIERRA LEONE

Goldtree is a large-scale, commercial palm oil plantation and milling company in Sierra Leone. It procures fresh fruit from 8,000 outgrowers for processing into crude palm oil and palm oil products. The AAF investment funded the re-establishment of the plantation’s commercial operations following the end of the civil war in Sierra Leone in 2002. The construction of a new mill, the first commercial crude palm oil mill to operate in Sierra Leone since the civil war, was completed and commissioned Q2 2013. The project, which has the backing of the Government of Sierra Leone, will provide a substantial boost to the country’s growing economy, as well as have a significant impact on the lives of local people by providing employment and training opportunities as well as improved infrastructure.

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FERONIA: TRANSFORMING AGRICULTURE IN AFRICA, DRC

Palm oil is one of the world’s most important vegetable oils, used in countless food and non-food products. The historic PHC plantations company was once one of the largest palm oil producers in the world. With the investment of capital, energy and world-class science and expertise, it is our objective to return the company to, and ultimately surpass, its former prominence.

PHC has been in operation since 1911 and is one of the largest palm oil producers in Africa. Its operations span 107,892 hectares in the Democratic Republic of the Congo. Yaligimba is located in Equatenur adjacent to the Congo River.

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GOLDENLAY CASE STUDY, NDOLA, ZAMBIA

Goldenlay was established in 2005 and in 2012 received a capital injection from the AAF, managed by Phatisa, used to upgrade facilities, buy farm land to produce feed inputs and increase working capital. The company operates as a fully automated producer, with limited human handling on the production line which makes the entity more cost effective due to less breakage and brings it in line with world class bio-security in a more hygienic environment, resulting in a non-contaminated product. The sale of ancillary products such as organic fertiliser, soya oil and spent hens as a by-product of the mainstream business, limits wastage and adds to our income stream.

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