AAF SME FUND
AAF SME Fund, managed by Databank Agrifund Manager Limited, is a private equity fund specializing in food production and processing SMEs. DAFML, a pan-African private equity group, focuses on agriculture and food production value chains with an emphasis on food security. The firm aims to create transformational opportunities in the Agribusiness sector to enhance food production in Africa while delivering above-market returns for its financial sponsors. Operating in Mauritius, Ghana, and South Africa, DAFML's investment team works closely with the African Agriculture Fund (AAF) through its relationship with Phatisa, expanding its presence to Kenya and Zambia. Affiliated with the Databank Group, a reputable investment banking and brokerage firm with over two decades of experience in Africa, AAF SME Fund is dedicated to driving growth equity investments across the continent.
Past deals in Zimbabwe
Matonjeni
Private Equity Round in 2013
Matonjeni Marketing is a food and beverage company headquartered in Lusaka, Zambia, specializing in the manufacture, marketing, and distribution of a diverse range of products across South Africa, Zimbabwe, and Zambia. The company's offerings include stew mix, creamer, cream milk, baked beans, mixed fruit jam, pasta, tomato sauce, and soya chunks. Matonjeni Marketing aims to deliver high-quality food and beverage brands to consumers throughout Africa, providing them with a variety of essential products at competitive prices. The company's commitment to quality and accessibility positions it as a key player in the regional food and beverage market.
Interfresh
Private Equity Round in 2013
Interfresh is a Zimbabwean agribusiness that produces, processes, and markets agricultural and allied food products. Headquartered in Greendale, Zimbabwe, the company operates multiple divisions covering citrus fruit production and processing, such as oranges and lemons, as well as juice and juice concentrates; crops including maize, soybeans, wheat, and barley; horticulture featuring vegetables for formal and informal markets; and beverages, manufacturing fruit-based concentrates, oils, cordials, and ready-to-drink juices. It also runs a fast-moving consumer goods division that trades a range of food, beverages, and liquor products and manufactures items under the Marlon Fine Foods trademark. The business exports its products to regions including South Africa and the Middle East. Founded in 1953, the company remains a notable Zimbabwean producer in the agro-food sector.
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