PRESS ROOM

2014

Phatisa’s AAF deploys half of capital, Agri Investor, October 2014

Phatisa’s African Agriculture Fund invests in the Meridian Group, Phatisa Press Release, October 2014

The African Agriculture Fund’s Technical Assistance Facility launches a €200,000 smallholder support scheme In Cameroon, TAF Press Release, August 2014

Databank concludes fertiliser investment In Africa’s largest PE market, Databank Press Release, July 2014

TechnoServe new CEO TechnoServe Press Release, June 2014

Private equity firm transforms palm oil business in Sierra Leone, How we made it in Africa, May 2014

Case Study: Turning excrement into big bucks , The Africa Report, March 2014

2013

AAF SME Fund investment in Nigerian bakery, Databank Press Release, December 2013

Phatisa's African Agriculture Fund acquires a majority stake in FES, Malawi, Phatisa Press Release, November 2013

Feronia Inc. announces US$ 25 million private placement led by CDC, the UK Government's development finance institution, Feronia Press Release, November 2013

Africa investor Investment and Business Leader Awards showcase African investment success stories, Ai, October 2013

AAF SME FUND INVESTS IN ZAMBIAN FOOD AND BEVERAGE COMPANY
The AAF SME Fund has successfully closed an investment in Matonjeni Holdings, an upcoming food and beverage company focusing on the production, processing and marketing of beverages and food enhancers in Zambia. Databank Press Statement, October 2013

FINAL CLOSE OF THE AFRICAN AGRICULTURE FUND AT US$ 243 MILLION
Following the finalisation of OPIC's US$50 million investment, Phatisa, a multi award winning African private equity fund manager, announced the successful conclusion of its fundraising for the African Agriculture Fund (AAF), with US$ 243 million in capital commitments. Phatisa Press Statement | Communiqué de presse, September 2013

AAF TAF LAUNCHES A EUR 280K OIL PALM SMALLHOLDER PROGRAM IN SIERRA LEONE
The Technical Assistance Facility of the African Agriculture Fund is pleased to announce a grant of EUR 280,000 to Center Piece Industries (Center Piece) for the implementation of the TAF Smallholder Oil Palm Support Program in Sierra Leone. This two year program will support 4,000 smallholer to supply Goldtree SL Limited (GOldtree) with fresh fruit bunches for processing into palm oil. Center Piece will provide technical assistance and training to these farmers to improve their yields and will also enhance their access to transport and inputs. TAF Press Statement | Communiqué de presse, August 2013

Harvesting the agri potential of Cameroon, Farmsecure, July 2013

West End Farms realise its potential with Farmsecure, Farmsecure, July 2013

AAF SME FUND INVESTS IN LEADING MADAGASCAR ORGANIC FERTILISER COMPANY
The AAF SME Fund, a private equity fund focused on Sub Saharan African food production and processing at the small and medium enterprise (SME) level, managed by Databank Agrifund Manager Limited (DAFML), has successfully closed an investment in Guanomad S.A., Antananarivo. Guanomad is a leading producer of guano-based organic fertiliser products, which are an affordable and effective alternative to traditional chemical fertilizers. Databank Press Statement, July 2013

AAF TAF LAUNCHES A EUR 200K SMALLHOLDER PROGRAM IN ZAMBIA
Lusaka, Zambia, July 10th, 2013 - The AAF TAF is pleased to announce the approval of a EUR 200,000 grant to fund the TAF Smallholder Soya Support Scheme (3SP) in Northern Zambia. This two year development program will integrate a minimum of 500 local smalholder farmers into the soya supply chain of Golden Lay Agri Limited, a poultry company based in the Copperbelt. TAF Press Statement | Communiqué de presse, July 2013

TechnoServe launches new brand
Washington, DC, February 14, 2013 - Today, TechnoServe is launching our updated brand. This represents the culmination of an effort, over the course of a year and a half, to examine our brand, in parallel with completing our latest strategic plan - a wide ranging review of who we are, what we do and where we are going. TechnoServe Press Statement, February 2014

AAF concludes an investment in Cote d'Ivoire
The African Agriculture Fund (AAF), managed by Phatisa, has invested in Continental Beverage Company, a company bottling and distributing mineral water with its head office in Abidjan, the commercial capital of Cote d'Ivoire. Phatisa Press Statement, February 2013

AAF statement regarding land policy in Africa
The African continent has huge potential in terms of its own food security and exports. This is attracting institutional and private players eager to participate. The only and most important consideration for any business venture must be sustainable investment - building long term value for all stakeholders. Phatisa Press Statement, January 2013

2012

THE AFRICAN AGRICULTURE FUND INVESTS IN FERONIA INC
The African Agriculture Fund (AAF), managed by Phatisa, has concluded an agreement to invest up to US$ 10.5 million in Feronia Inc. (Feronia) in the Democratic Republic of the Congo (DRC). Feronia’s operations consist of three palm oil plantations: Yaligimba, Boteka (both situated in Equateur Province), Lokutu (located in Orientale Province) and a commercial arable farm in Bas Congo Province. Phatisa Press Announcement, December 2012

THE AAF SME FUND INVESTS IN CAMEROONIAN COMMERCIAL FARM
The AAF SME Fund, managed by Databank Agrifund Manager Limited (DAFML), has successfully closed its first transaction with an investment in West End Farms (WEF) end October 2012. This SME venture is one of the leading mixed farming enterprises in Cameroon with farms and a cattle ranch across various locations in the country. Databank Press Announcement, November 2012

THE AFRICAN AGRICULTURE FUND CONCLUDES AN INVESTMENT OF US$ 24 MILLION IN ZAMBIA
The African Agriculture Fund (AAF),managed by Phatisa, has concluded an agreement to make a total
investment of US$ 24 million in Golden Lay Limited, a company involved in the production, distribution and sale of chicken table eggs - located in the Copperbelt Province of Zambia. The deal team structured and negotiated a leveraged management buyout transaction that will result in the exit of Aureos. AAF will invest alongside the management in a combination of mezzanine and equity funding. Phatisa Press Announcement, May 2012

THE AAF SME FUND FIRST CLOSES AT US$ 30 MILLION
The AAF SME Fund has achieved a first closing at US$ 30 million. This is an independently managed subfund of the African Agriculture Fund (AAF), Africa's first private equity fund focused solely on food production throughout the continent. The launch of this niche private equity fund represents a milestone for the development of Africa's small and medium sized enterprises (SMEs) linking local enterprise with international sources of finance. Databank Press Announcement: AAF SME first close press Announcement, February 2012

2011

The African Agriculture Fund invests in Sierra Leonean palm oil
The African Agriculture Fund (AAF), managed by Phatisa, has concluded an agreement and commenced drawdown to invest US$ 10 million alongside the Finnish Fund for Industrial Cooperation Limited (FINNFUND) and the Company's Sponsors, in Goldtree a palm oil plantation and milling company, representing a total investment of US$ 20 million. Phatisa Press Announcement, October 2011 | Communiqué de presse, Octobre 2011

2010

African Agriculture Fund first closes on US$ 135 million
The African Agriculture Fund (AAF) is Africa's foremost private equity fund focused solely on food production throughout the continent. This closure represents a milestone for the development of agriculture in Africa, linking local enterprise with international sources of finance. Phatisa Press Release, November 2010

 
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