Agri-Vie Fund III

Agri-Vie-farming in Africa

In brief

Agri-Vie Fund III is a food & agribusiness investment fund in Sub-Saharan Africa with a vision to build businesses in Africa that deliver enviable returns – mindful of the impact on people and the environment.

Main development impact

The rationale of the fund investment is to support the development of the agribusiness industry in Sub-Saharan Africa and to improve food security in the region. The fund will not invest in pure farming operations due to limited lifetime and agricultural risks, but it will invest, for example, in integrated farms with processing operations. The fund's portfolio companies will develop the agribusiness markets and create market access for local producers and farmers. The fund's portfolio companies are expected to employ roughly 15,000 people, of which approximately 1/3 are women. The fund is estimated to reach roughly 3,800 SMEs and 10,000 farmers through its portfolio companies.

Investment details

Name: Agri-Vie Fund III
Project number: 80000013
Region: Africa
Country: Africa
Sector: Agriculture
Signing date (month/year): July 2018
Currency: USD
Finnfund's financing (commitment): 10,000,000
Instrument: Fund
Share of Finnfund's financing (%): 7,60 %
Status: Active
Website: https://www.exeocapital.com/

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Companies financed by the fund

Name Sector Region Country
Marginpar Group (via Starbright Ltd.) Agriculture Africa Kenya
Capital Fisheries (Pty) Ltd. Food, logistics, transport Africa Zambia
TerraSan Group Limited Aquaculture Africa South Africa
Jumbo Brands Food Africa South Africa
Frostan Ltd (FSDCo) Food services Africa Tanzania
Pee Pee Tanzania Ltd (PPTL) Warehousing and support activities Africa Tanzania
Glacier Products Food Africa Kenya
The Maia Group Consumer health Africa South Africa
Nature Foods/ Fairview Cheese Retail trade Africa South Africa
Chemical Process Technologies Ltd. Chemical process technologies Africa South Africa

Key facts

Name:

Agri-Vie Fund III

Sector:

Agriculture

Region:

Africa

Country:

Africa

Currency:

USD

Finnfund's financing (commitment):

10,000,000

Signing date (month/year):

July 2018

Last update:

May 2019