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
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
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.
Chemical Process Technologies
South Africa
Manufacturing of pesticides and other agrochemical products
Chemical synthesis company manufacturing parasitic formulations as well as advanced pharmaceutical ingredients (APIs) for the South African livestock markets.
FSDCo
Tanzania
Frostan is a food services distribution group 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.
Glacier products
Kenya
Glacier Products Limited (GPL) is a Kenyan company that manufactures and sells a wide range of ice cream, yoghurt, and chocolate products across East Africa, under the brand name ‘Dairyland’.
Jumbo Brands
South Africa
Jumbo Brands is a South African beverage and snack manufacturer. The product basket includes coffee, cordials, fruit juice concentrates, squash, lemon juice, vinegar, and corn chips.
Marginpar Group (Kariki)
Ethiopia, Kenya
A cut flower production group, based in Kenya with operations in Kenya, Ethiopia and Holland.
Nurture Foods/Fairview Cheese Investments
South Africa
Fairview Cheese is a South African company specialized in cow and goat milk artisanal cheeses.
PPTL
Tanzania
PPTL is based in Tanga, Tanzania and is a major regional player in the production of woven polymer-based extruded products – bags, sacks and tarpaulins for the agriculture and cement industries.
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.
The Maia Group
South Africa
The Maia Group has been formed as a holding company to incorporate Wellness Warehouse (WW) and True Health Holdings (THH) into a new consumer health-focused platform that operates in the natural health, food, and beauty value chain as a manufacturer, wholesaler, distributor, and retailer.
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.
View more of our investments in this region
Investment Companies & Funds
Ascent Rift Valley Fund II
323,539.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
08/02/2022
Subsidy
Investment Companies & Funds
Uhuru Growth Fund I-A SCP
2,500,000.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Mali, Nigeria, Senegal
31/03/2022
Equity
Infrastructure
Spark + Africa Fund
2,444,790.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Rwanda, Senegal, Tanzania, Uganda
10/03/2022
Equity
Financial Institutions
Alterfin
80,000.00
Cambodia, Nicaragua, Peru, Côte d'Ivoire, Kenya
03/03/2022
Subsidy
Investment Companies & Funds
Lendable MSME Fintech Credit Fund
2,994,950.00
India, Indonesia, Vietnam, Kenya, Nigeria, South Africa
20/08/2021
Equity
Investment Companies & Funds
Cathay Africinvest Innovation Fund
4,000,000.00
Egypt, Kenya, Nigeria, South Africa
21/05/2021
Equity
Investment Companies & Funds
Cathay Africinvest Innovation Fund
6,000,000.00
Egypt, Kenya, Nigeria, South Africa
21/05/2021
Equity
Investment Companies & Funds
Alterfin
20,125.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
03/08/2021
Subsidy
Investment Companies & Funds
European Financing Partners S.A.
15,000,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
22/12/2020
Debt
Financial Institutions
The Currency Exchange Fund n.v.
7,091,000.00
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
05/09/2007
Equity
Investment Companies & Funds
Africinvest Fund II LLC.
6,000,000.00
Tunisia, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Kenya, Nigeria, Senegal
28/08/2008
Equity
Investment Companies & Funds
European Financing Partners S.A.
5,000,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
08/12/2010
Debt
Financial Institutions
Bank of Africa Group S.A.
1,954,160.00
Benin, Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Ghana, Kenya, Madagascar, Mali, Niger, Rwanda, Senegal, Tanzania, Uganda
30/03/2011
Equity
Investment Companies & Funds
Phatisa Food Fund 2
5,767,300.00
Ghana, Kenya, Malawi, South Africa, Tanzania, Uganda, Zambia
29/01/2021
Equity
Investment Companies & Funds
European Financing Partners S.A.
6,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
21/11/2003
Equity
Investment Companies & Funds
Grofin East Africa Fund LLC.
2,211,000.00
Kenya, Rwanda, Tanzania, Uganda
25/01/2006
Equity
Investment Companies & Funds
AgRIF Coöperatief U.A.
105,000.00
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
11/09/2018
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
18/06/2015
Equity
Enterprises
Enko Education
850,000.00
Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa
17/12/2020
Debt
Investment Companies & Funds
Zoscales Fund I
350,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/11/2020
Subsidy
Investment Companies & Funds
Ascent Rift Valley Fund II
2,300,000.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
17/12/2020
Equity
Investment Companies & Funds
Ascent Rift Valley Fund II
5,743,220.00
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
23/12/2020
Equity
Investment Companies & Funds
AfricInvest Financial Sector Limited LLC
5,000,000.00
Burkina Faso, Kenya, Madagascar, Mali, Mozambique, Nigeria, Rwanda, Uganda, Zambia
20/12/2013
Equity
Investment Companies & Funds
African Rivers Fund III
1,500,000.00
Democratic Republic of Congo, Uganda
01/09/2020
Equity
Financial Institutions
Alterfin
3,000,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
15/07/2020
Debt
Investment Companies & Funds
African Rivers Fund III
6,113,520.00
Democratic Republic of Congo, Uganda
01/09/2020
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
Alterfin
250,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
13/12/2002
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
24/10/2019
Equity
Investment Companies & Funds
African Rivers Fund
4,118,275.00
Democratic Republic of Congo, Uganda
02/02/2016
Equity
Investment Companies & Funds
Africa Renewable Energy Fund
8,896,000.00
Ghana, Kenya, Senegal, Uganda, Zambia
30/10/2014
Equity
Investment Companies & Funds
Beyond the Grid Solar Fund
3,185,582.00
Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda
26/10/2017
Debt
Investment Companies & Funds
Agri-Vie Fund II
6,552,700.00
Kenya, South Africa, Tanzania, Uganda, Zambia
20/01/2017
Equity
Investment Companies & Funds
Adenia Capital IV
9,000,000.00
Côte d'Ivoire, Ghana, Kenya, Madagascar
01/11/2016
Equity
Investment Companies & Funds
Ethos Mezzanine Partners 3
8,868,980.00
Burundi, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, South Africa, Tanzania, Uganda, Zambia
13/06/2019
Equity
Investment Companies & Funds
Africa Sustainable Forestry Fund II
4,366,800.00
South Africa, Tanzania, Uganda
26/04/2018
Equity
Enterprises
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
Ethiopia, Kenya, Rwanda, Tanzania, Uganda
18/04/2019
Equity
