African Ag Fund is Opportunity for Crop Protection

Posted by Matt Hopkins|14 December 2010

The African Agriculture Fund (AAF), a private equity fund designed to respond to the food crisis of 2008, reached its first closing at $135 million in November 2010, according to a report by Newsday Zimbabwe.

AAF investment primarily lies in food production, processing and distribution in cereals, livestock farming, dairy, fruit and vegetables, crop protection, logistics, fertilizers, seeds, edible oils, distribution and agronomy consulting.

The fund will make investments of up to $20 million per company, targeting private sector companies that implement strategies to enhance and diversify food production and distribution in Africa by providing equity funding, as well as strengthening the management and modernization of the agricultural sector on the continent.

The total fund target is $300 million. Read the full story at Newsday Zimbabwe.