Home Phatisa Food Fund 2 Parallel LLC Phatisa Food Fund 2 Parallel LLC In brief Phatisa Food Fund 2 is a pan-African fund focusing on African agriculture and the food value chain, focusing on inputs to food production, integrated food production and processing, food manufacturing, and fast-moving consumer goods and food service. Main development impact Phatisa Food Fund 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 investment will strengthen and increase food supply, local production and distribution across the region. The Fund, via its investment in companies in the food value chain, targets over 90,000 small-holder farmers and micro-entrepreneurs and aims to create over 2,000 permanent jobs and sustain another 10,000 jobs. The investment follows the success of Phatisa’s African Agriculture Fund (AAF), which has created more than 1,800 jobs and benefitted 86,000 farmers operating in over 20 markets across the continent. Phatisa Food Fund 2 will enable small-holder farmers and micro-entrepreneurs to develop their skills, broadening access to markets and economic opportunities. The new fund will also address access to, and affordability of products among farmers and promote smart agricultural methods – enhancing crop resilience, reducing food loss and waste by 50% in the companies it finances, while increasing outputs, yields and incomes. The investment contributes to UN Sustainable Development Goals 1 (No poverty), 2 (Zero hunger), 8 (Decent work and economic growth), 5 (Gender equality), 12 (Responsible consumption and production) and 13 (Climate action). Phatisa Food Fund 2 also qualifies for the 2X Challenge, which seeks to support businesses that provide women in emerging economies with access to leadership opportunities, quality employment, and products and services that enhance their economic participation and inclusion. Investment details Name: Phatisa Food Fund 2 Parallel LLC Project number: 80000208 Region: Africa Country: Africa Sector: Agriculture Signing date (month/year): January 2021 Currency: USD Finnfund's financing (commitment): 15,000,000 Instrument: Fund Share of Finnfund's financing (%): 10,40 % Status: Active 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 Deltamune Pty Ltd Other professional, scientific and technical activities Africa South Africa Farming and Engineering Services LTD (FES) Other manufacturing Africa Malawi, Zambia, Zimbabwe Lona Holdco Pty Agricultural mechanisation Africa South Africa MHL International Holdings Limited (Manipal) Other manufacturing Africa South Africa Rolfes Holding Limited (Rolfes) Chemicals Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Phatisa Food Fund 2 Parallel LLC Sector: Agriculture Region: Africa Country: Africa Currency: USD Finnfund's financing (commitment): 15,000,000 Signing date (month/year): January 2021 Last update: September 2021