Phatisa Food Fund 2
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
Investment field
Investment Companies & Funds
Activity
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
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
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.
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Investment Companies & Funds
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Equity