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Food Processing
The investment in Cepheus Growth Capital Partners' maiden vehicle will help boost the country's agriculture and agro-processing sectors.
The African Development Bank has committed to making all its operational tools available, including financing, to help the West African country’s economic growth through agri and infrastructure development.
The loan would help the Singaporean agribusiness expand its operations in Egypt, Georgia, Poland, Turkey and Ukraine.
Instead of being ‘poverty traps,’ rural areas can drive economic growth in developing countries, the FAO says.
The vehicle will seek low-teen returns through investments in farmland and processing assets devoted to sustainable production of tree nuts, citrus and blueberries.
The bank will decide by November whether to commit to the private equity vehicle, which has the same target as its predecessor but a higher hard-cap.
The debt investment by the UK fund will enable Kapani, a Malawian meat processor, to expand its poultry operations fivefold.
Bob Saul has joined the Montreal-headquartered firm led by PSP Investments alumni, which recently announced a C$200m close on its debut vehicle.
Training in farming practices and efficient water use will come as part of a $40m program designed to help aid the West African nation recover from civil war.
Poor safety standards at China’s mega-farms are threatening investors with a crisis. But the potential returns earned by improving meat production processes provide an opportunity of the same scale.