AgDevCo

AgDevCo is a specialist investor that focuses on agribusinesses to support small and medium-sized enterprises. They invest in African agribusinesses with debt and equity to create jobs, improve food security, and boost prosperity. Their investments enable large amounts of private capital to be leveraged into socially responsible farming and agri-processing businesses in Africa, with significant benefits for smallholder farmers and local communities.

Kweku Yeboah Koranteng

Investment Director

Sean Carey

Managing Director

15 past transactions

Agventure

Debt Financing in 2024
Agventure is a farmer-owned business that strives to help farmers establish more sustainable farming practices in non-irrigated cereal-based systems.

Tropo Farms

Debt Financing in 2024
Tropo Farms encourages economic growth, helps replace imports, and supports the production of a significant source of protein in Ghana.

Agris

Venture Round in 2024
Agris is an agricultural investment company that invests in agriculture and farming-based companies.

Hatch Africa

Debt Financing in 2024
Hatch Africa is a pioneering poultry business focused on serving the demand for eggs and chicks in Sub-Saharan Africa. By providing access to essential poultry products, the company aims to improve livelihoods across the region. Hatch Africa emphasizes the development of effective management teams to optimize operations in the poultry sector, as well as in animal feed and crop production. This innovative business model not only addresses food security but also seeks to create substantial growth and scalability within the poultry industry.

Dowson

Debt Financing in 2023
Dowson is an agricultural company that primarily produces macadamias and avocados by using technology to optimize productivity on the farms.

East African Magical Farms

Venture Round in 2023
East African Magical Farms operates as a premium carnations producer.

Afrique Phyto Plus

Debt Financing in 2022
Afrique Phyto Plus is a company that specializes in phytosanitary products, focusing on sustainable agriculture solutions. It serves smallholder farmers by distributing a range of crop protection products through wholesalers, commercial plantations, and public organizations. The company provides both conventional and organic solutions, including herbicides, insecticides, fungicides, and fertilizers. Afrique Phyto Plus caters to various crops, such as cocoa, rubber trees, cotton, cashew nuts, palm trees, rice, pineapples, peanuts, and maize, ensuring that farmers have access to the latest innovations in agricultural practices.

Victory Farms

Debt Financing in 2021
Victory Farms is an aquaculture farm for tilapia fish comprising of hatcheries, nursery ponds and deep-water cages for farming.

Goldenlay

Debt Financing in 2019
Goldenlay Limited is a Zambian company founded in 2005 and headquartered in Luanshya. It specializes in the production, distribution, and supply of table eggs, serving both formal and informal markets throughout Zambia and neighboring countries. In addition to its core egg products, Goldenlay also offers ancillary items related to egg production, such as crude soya oil for human consumption and hen pen fertilizer, which contribute to the nutritional quality of its offerings. The company markets its products through large retailers and wholesalers, ensuring a wide reach across the region.

DekelOil Public

Post in 2019
Dekel Agri-Vision plc is an agriculture processing and farming company based in Limassol, Cyprus, specializing in palm oil production in the Republic of Côte d'Ivoire. The company manages approximately 1,900 hectares of palm oil plantations and is involved in the production and sale of various palm oil products, including crude palm oil, palm kernel oil, and palm kernel cake. Established in 2007, Dekel Agri-Vision plc focuses on developing and cultivating palm oil plantations to meet market demands.

Africado

Private Equity Round in 2019
Africado is an avocado plantation at the foot of the Kilimanjaro in Tanzania. Established in 2007, Africado has developed and grown a business from start up to becoming the largest fruit exporter in Tanzania, producing and exporting Hass avocado to the EU. The company works with over 2,000 small scale out-growers. Norfund provided 40% of the equity required for the project.

Tradin Organic Agriculture

Corporate Round in 2019
Tradin Organic Agriculture is a leading global supplier of organic food ingredients, serving various sectors such as sustainable agriculture, personal care, health, and the food and beverage industries. The company provides a comprehensive range of organic products, including frozen and dried fruits and vegetables, coffee, cocoa, cereals, rice, soy, beans, pulses, seeds, nuts, oils, dairy items, seasonings, and sweeteners. Tradin Organic is recognized for its unique sourcing capabilities and commitment to sustainability, which underpin its processing and distribution operations. Through these efforts, the company plays a significant role in promoting organic farming and sustainable practices within the food supply chain.

EthioChicken

Private Equity Round in 2017
EthioChicken operates as a poultry production company in East Africa, with its primary entities being AGP Poultry PLC, Mekelle Farms Ltd, and Andasa Poultry PLC. The company focuses on breeding and hatching day-old chickens, as well as producing affordable blended feed. By partnering with smallholder farmers, EthioChicken aims to improve nutrition and enhance the livelihoods of rural farmers, while also creating income opportunities in the region. The company’s efforts contribute to making poultry products more accessible, thereby supporting local economies and food security.

Ilobezi

Venture Round in 2016
Ilobezi is a growing enterprise in a growing sector.

EFTA

Debt Financing in 2015
EFTA Ltd is a Tanzanian finance company based in Moshi, with an additional branch in Dar es Salaam. Established in 2003, it specializes in providing equipment loans primarily to small and medium enterprises and farmers across various industries, including construction, agricultural processing, and transportation. EFTA offers a range of financing options, including standard equipment loans, loans for movable equipment, and repeat loans for returning customers. Additionally, it facilitates loans for customers seeking to import equipment from countries such as India, Kenya, or China, and provides low-interest rate loans through preferred suppliers. The company also extends larger leases for agricultural ventures, enabling clients to access funding without requiring collateral beyond the equipment financed. Through these services, EFTA aims to support the growth and efficiency of micro-enterprises, particularly in the agri-business sector.
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