Africa Agriculture Development Company
- Department for International Development
- 24 February 2016
- Ghana, Malawi, Mozambique, Rwanda, Sierra Leone Tanzania, Uganda, and Zambia
- Agriculture, Climate change, Environment, Girls and women, Livelihoods, Private sector/business, and Technology
- Eligible organisations:
- Value of funding:
- More than £1,000,000
Africa Agriculture Development Company (AgDevCo) invest debt and equity in African Agribusinesses to create jobs, improve food security and boost prosperity.
AgDevCo consider investments in primary agriculture or processing for crops, livestock and fisheries. It operates across the agricultural value chain:
- inputs: supplying farmers with inputs to create benefits along the supply chain. These include seed and equipment companies, financial intermediaries and suppliers of supporting infrastructure, such as power and water
- primary production: helping farmers to manage their crops and livestock more effectively, including bespoke schemes, such as irrigation and improved local food security
- processing: improving farming practices and governance systems for immediate financial benefit and to secure future sustainable partnerships
- storage, marketing and distribution: connecting farmers to long-term market opportunities and improving logistics, warehousing and transportation to facilitate cost-effective supply
What the fund will achieve
AgDevCo’s mission is to reduce poverty and improve food security.
How to apply
Details available on the AgDevCo website
AgDevCo will support early-stage businesses (e.g. with less than 5 years’ operating history) if there is a proven business model and a strong management team. They do not consider investments below $250,000 unless there is potential for rapid growth. For larger investments, they require a full business plan and complete financial operating history.
AgDevCo are able to make direct investments in any of the 8 countries in which it currently operates (Ghana, Malawi, Mozambique, Rwanda, Sierra Leone, Tanzania, Uganda and Zambia). AgDevCo can consider investment outside of these countries in partnership with established businesses that have a regional presence and a proven capability to operate on the ground.
Published: 24 February 2016
Eligible organisations: Companies
Value of funding: More than £1,000,000