In brief
Solevo is a leading Sub-Saharan agricultural input (plant nutrition and crop protection) and speciality chemicals distributor headquartered in Switzerland and operating across eight countries in West and Central Africa with main operating activities in Côte d’Ivoire, and Cameroon and smaller operations in Mali, Burkina Faso, Senegal, Ghana, Angola, and Madagascar. Solevo delivers critical inputs to high GDP-contributing sectors in agriculture, life sciences and industrials. Finnufund invests alongside African Development Partners III (ADP III), managed by Development Partners International (DPI) and co-investors.
Main development impact
COVID-19 and global geopolitical tensions have led to increased costs and supply disruptions in agricultural inputs. The investment aligns with Finnfund’s strategy of investing across the agribusiness value chain to improve food security in Sub-Saharan Africa. Solevo provides inputs for over 1 million smallholder farmers, improving their livelihoods through increased yields, lower crop losses, and climate resilience.Investment details
| Name: | Solevo Holding B.V. |
|---|---|
| Project number: | 80000470 |
| Region: | Africa |
| Country: | Africa |
| Sector: | Other sector |
| Signing date (month/year): | December 2023 |
| Currency: | USD |
| Finnfund's financing (commitment): | 10,000,000 |
| Instrument: | Equity |
| Size of the project financing: | USD 283,000,000 |
| Share of Finnfund's financing (%): | 4.30 % |
| Status: | Active |
| Website: | https://www.solevogroup.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.
