Agri-Vie Fund II
BIO has given €350k of Technical Assistance to Agri-Vie Fund II, a specialised food & agribusiness investment fund active in Sub-Sahara Africa
Amount
€ 350,000.00
Type of investment
Subsidy
Development impacts
- Local economic growth
- Promotion of ESG best practices
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
SME Fund
Agri-Vie Fund II is a successor fund to Agri-Vie I, a specialized food & agribusiness investment fund active in Sub-Sahara Africa. Agri-Vie Fund II will continue the same investment strategy as its predecessor fund, orienting itself to providing growth equity through influential minority positions in mid-size companies in selected subsectors in food and agribusiness.
Agri-Vie focuses on geographies and sector segments that were selected based on top-down research and the team’s experience with Agri-Vie I. Out of the 48 countries in the region, the fund manager favours countries with a high growth, stable political environment and underserved consumer markets. As a consequence, the fund manager aims to invest up to 25% in South Africa and expects that next to this, Kenya, Tanzania, Uganda and Zambia will be the most important invested countries.
Technical Assistance
The Technical Assistance Facility (TAF) aims at co-financing a variety of studies (marketing, business strategies,…) and other projects to develop capacities and transfer know-how, technologies, skills, and experiences to Agri-Vie Fund II portfolio companies.
The expected impact of the TA facility is to support Agri-Vie Fund II portfolio companies to improve their sustainability, performance & competitiveness, especially in the SMEs agribusiness sector.
Development impacts
-
Local economic growth
Poverty reduction and economic growth by supporting companies in the agriculture and agribusiness sector.
-
Promotion of ESG best practices
Introduction of sustainable practices
Made possible through this investment
FSDCo
Tanzania
FSDCo is the working name for a food services distribution group being formed through the consolidation of two existing companies in the fresh and temperature-controlled food sector in Tanzania. The consolidation involves Frostan Ltd, a Dar es Salaam-based poultry and ancillary foods business and Mtanga Foods Ltd, a red meat operation with activities in Southern Tanzania and Dar es Salaam.
Marginpar (Kariki)
Kenya
The consolidation of cut flower production operations of the Marginpar Group was concluded in the first quarter of 2018 under a group holding company. The group now extends to beyond Kenya into Ethiopia and includes an international marketing/sales operation based in Holland.
Kenya is one of the world’s leading suppliers of cut flowers, with an estimated 35% market share in the European Union. Ethiopia’s flower exports have expanded rapidly over recent years, aided by climatological advantages and proactive government promotion.
TerraSan
South Africa
TerraSan is a South African fishing and aquaculture group that holds investments in aquaculture and pelagic fishing, as well as fish, fishmeal and fish oil processing through its subsidiaries Saldanha Protein, TerraSan Pelagic, Aqunion and Blue Ocean Mussels.
Capital Fisheries
Zambia
Established in 1999, Capital Fisheries and its subsidiary, Capital Trucking Limited (Capital Trucking), together are the market-leading Zambian cold chain food distributor, specialising in the distribution of frozen animal proteins. Capital Fisheries is a widely recognised national consumer brand, serving across formal and informal markets as well as income classes.
Read impact and news about this project
Impact Story
Flowers of Hope
08-06-2020
BIO has invested USD 7 M in equity in Agri-Vie II, a specialized food & agribusiness investment fund active in Sub-Sahara Africa. They have invested in Marginpar Group. Mr Richard Fernandes is the CEO of Marginpar Group, formerly Kariki. This is his story.
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Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
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Equity
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Debt
Financial Institutions
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1,954,160.00
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European Financing Partners S.A.
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Investment Companies & Funds
Grofin East Africa Fund LLC.
2,211,000.00
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AgRIF Coöperatief U.A.
105,000.00
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Subsidy
Investment Companies & Funds
AgRIF Coöperatief U.A.
5,438,332.50
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
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Equity
Enterprises
Enko Education
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Debt
Investment Companies & Funds
Zoscales Fund I
350,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
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Subsidy
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Ascent Rift Valley Fund II
5,743,220.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/12/2020
Equity
Investment Companies & Funds
African Rivers Fund III
1,500,000.00
Democratic Republic of Congo, Uganda
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Equity
Investment Companies & Funds
African Rivers Fund III
6,113,520.00
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Equity
Investment Companies & Funds
Fairtrade Access Fund
350,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
07/04/2020
Subsidy
Investment Companies & Funds
Zoscales Fund I
21,757.30
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
12/11/2019
Subsidy
Investment Companies & Funds
Frontier Energy II
8,151,000.00
Kenya, Rwanda, Tanzania, Uganda
21/03/2018
Equity
Investment Companies & Funds
AfricInvest Financial Inclusion Vehicle
10,000,000.00
Morocco, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Zambia
14/12/2017
Equity
Investment Companies & Funds
Fairtrade Access Fund
3,000,000.00
Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda
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Investment Companies & Funds
African Rivers Fund
4,118,275.00
Democratic Republic of Congo, Uganda
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Africa Renewable Energy Fund
8,896,000.00
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Beyond the Grid Solar Fund
4,175,007.50
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Debt
Investment Companies & Funds
Agri-Vie Fund II
6,552,700.00
Kenya, South Africa, Tanzania, Uganda, Zambia
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Equity
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8,868,980.00
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Equity
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Enko Education
2,000,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
20/09/2018
Debt
Investment Companies & Funds
Zoscales Fund I
4,169,100.00
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18/04/2019
Equity
