Phatisa Food Fund 2

Subsidy : November 2022

BIO has granted USD 250,000 to the technical assistance facility of the Phatisa Food Fund 2, a private equity fund with a focus on the African food and agribusiness value chain.

Amount

€ 240,396.00

Type of investment

Subsidy

Beneficiary locations

Sub-Saharan Africa: Tanzania, Uganda, Zambia

Investment field

Investment Companies & Funds

Activity

KK.64.300 SME Fund

Organisation

Phatisa Food Fund 2

Website

https://www.phatisa.com/

Domicile

Mauritius

More investments in

Phatisa Food Fund 2

Equity € 5,767,300.00 (2021)

PFF 2 will invest across the African food value chain, considering investments in mechanisation, inputs, poultry and meat production, food processing and manufacturing, logistics, aggregation and distribution across Sub-Saharan Africa.

The Fund, via its investment in companies in the food value chain, targets over 90,000 small-holder farmers and microentrepreneurs and aims to create over 2,000 permanent jobs and sustain another 10,000 jobs.

Technical assistance facility

The technical assistance facility aims to improve the operational and development performance of portfolio companies.

The objective of TAF’s projects is either to strengthen companies’ core operations by delivering consulting expertise, so they are better able to grow, and hence contribute to food security, or to facilitate the implementation of new business models that extend their reach to poor consumers, producers or employees through ‘inclusive business’ initiatives. The latter include outgrower schemes and distribution models, which enhance the capacity of smallholders and microentrepreneurs to engage with portfolio companies through training and access to finance.

Expected impact

Sustainable economic growth of Portfolio Companies
Long term sustainable resource use
Increased wealth creation/poverty reduction for smallholders, microentrepreneurs and SMEs in Africa
Women and youth (economic) empowerment

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

FES

Malawi, Zambia

Holistic, cost-effective agriculture solutions are pivotal to sustain and increase yields and minimise the risk of crop failure for both smallholders and commercial farms

Rolfes Group

South Africa

Rolfes Agri - part of the Rolfes group of companies - specialises in plant nutrition products, agricultural remedies and water quality improvement products. Through the sale of more than 9,000 tonnes of products in 2020 alone, the firm is contributing to, and enhancing, food security in Africa –South Africa.

Read impact and news about this project

News

Phatisa Food Fund 2 reaches $143 million final close from DFI commitments

04-02-2021

CDC Group, Norfund, Finnfund, FinDev Canada and BIO jointly commit $82 million to Phatisa’s second food fund, a Sub-Saharan African fund aiming to create over 2,000 jobs in food and agriculture and to increase agricultural output by 3m tonnes.