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TAF Press Room
2013
February
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.
> Press Statement [PDF 95KB]
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.
> Press Statement [PDF 225KB]
January
AAF statement regarding land policy in Africa, 2013
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.
> Press Statement [PDF 141KB]
2012
December
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.
> Press Announcement [PDF 454KB]
October
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.
> Press Announcement [PDF 102KB]
May
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.
> Press Announcement [PDF 130KB]
February
THE AAF SME FUND FIRST CLOSES AT US$ 30 MILLION, 13 FEBRUARY 2012
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.
> Press Announcement: AAF SME First Close Press Announcement [PDF 189 KB]
2011
October
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.
> Press announcement, October 2011 [PDF 129 KB]
> Communiqué de presse, Octobre 2011 [PDF 151 KB]
2010
November
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.
> AAF Press Release [PDF 192 KB]
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