AgDevCo

AgDevCo expands portfolio in Mozambique with new investment

Retrieved on: 
Friday, December 1, 2023
Farm, Investment, Food, Farmer, AgDevCo, Tree, Project, Security (finance), African, Dowson

LONDON, Dec. 1, 2023 /PRNewswire/ -- The UK-based impact investor has finalized a USD10 million mezzanine debt investment into Dowson Limitada ("Dowson"), a Sussundenga-based primary producer of macadamias and avocados. Dowson was established in 2012 by a group of South African farmers who recognised the ideal growing conditions in central Mozambique. To date, 270 ha of macadamias and 174 ha of avocados have been planted under irrigation.  AgDevCo's investment allows Dowson to expand production to 1,000 ha over the next five years.

Key Points: 
  • AgDevCo is pleased to announce its latest investments in a primary agriculture producer located in Mozambique.
  • Dowson was established in 2012 by a group of South African farmers who recognised the ideal growing conditions in central Mozambique.
  • AgDevCo's investment allows Dowson to expand production to 1,000 ha over the next five years.
  • Kirk Lynch, Senior Investment Manager and Project Lead, said:
    "We are pleased to be partnering with Dowson to make this major investment in the Mozambique macadamia and avocado industry, which will help open new export markets.

East African Magical Farms (EMF), with support from AgDevCo, to expand carnation production hub in Kenya.

Retrieved on: 
Tuesday, September 26, 2023
Royal FloraHolland, Travel, Farmer, Royal, Development, Foreign, Commonwealth and Development Office, Flower, USD, U.S. International Development Finance Corporation, AgDevCo, Growth, Employment, Carbon, BII, Farm, EMF, Partnership, Food, DFC, Commonwealth, Floral industry, Naivasha, Far East

The partnership with AgDevCo expands on EMF's expertise as one of East Africa's leading premium carnation producers.

Key Points: 
  • The partnership with AgDevCo expands on EMF's expertise as one of East Africa's leading premium carnation producers.
  • EMF currently produces on 60 hectares for export to Europe, the Middle East and the Far East.
  • With the planned expansion in Kenya, EMF will substantially increase its production and assortment by opening at least two new production locations, creating at least 400 new jobs.
  • This financing will allow us to significantly expand our production and portfolio in Kenya – where we started producing at Kinangop Farm in 2022 – while maintaining our reputation for top quality carnations."

BlueMark Publishes New Impact Benchmarks Powered by Growing Dataset on Best Practices in Impact Management

Retrieved on: 
Wednesday, May 17, 2023
Policy, Making Their Mark, Intelligence, Research, LeapFrog Investments, Global Impact, Foreign direct investment, AUM, Data, Risk, AgDevCo, Mark, Security (finance), Cryptocurrency, Motion

NEW YORK, May 17, 2023 /PRNewswire/ -- BlueMark, a leading provider of independent impact verification and intelligence for the impact and sustainable investing market, today published its fourth annual "Making the Mark'' report with data and insights on best practices in impact management. This year's report, available at https://bluemarktideline.com/making-the-mark-2023, is based on 84 practice verifications for investors managing a combined $206 billion in impact AUM, making it BlueMark's largest research sample to date. Leveraging its expanded dataset, BlueMark has for the first time published custom benchmarks by asset class and thematic focus.

Key Points: 
  • Leveraging its expanded dataset, BlueMark has for the first time published custom benchmarks by asset class and thematic focus.
  • BlueMark also announced the addition of four more investors – AgDevCo, BlueEarth Capital, Calvert Impact Capital, and Nuveen Fixed Income Impact – to the BlueMark Practice Leaderboard , joining Bain Capital Double Impact, British International Investment, Finance in Motion, LeapFrog Investments, Nuveen Private Equity Impact, and Trill Impact.
  • The report also includes case studies on innovations in impact management, featuring Adams Street Partners, Franklin Templeton, FullCycle Climate Partners, Schroders Asset Management, and Summa Equity.
  • "The expanded dataset in this year's 'Making the Mark' report reveals an increasingly diverse range of impact investors across asset classes and strategies, reflecting growing adoption of impact management standards across investor types," said Christina Leijonhufvud, CEO of BlueMark.

Agris and Granot International Ltd enter joint venture, with support from AgDevCo, to develop avocado research and production hub in Kenya

Retrieved on: 
Wednesday, April 19, 2023
Partnership, Employment, Arm, Travel, Food, Marketing, Agriculture, Vegetable, Forestry, Agris, Map, AgDevCo, Horticulture, Marie, Ltd., Maris, Floral industry, Granot

Ndabibi farm will secure year-round avocado production for their new marketing arm.

Key Points: 
  • Ndabibi farm will secure year-round avocado production for their new marketing arm.
  • "Granot's expertise will take production up a gear and achieve greater scale through extension, packing and marketing services for commercial out-growers."
  • Our USD 8m mezzanine loan is flexibly structured to support new avocado orchards, which take three to four years to reach maturity.
  • This project adds to our existing avocado investments in Tanzania and Mozambique, for a total of more than 1,250 hectares of production."

AgDevCo expands portfolio in Côte d'Ivoire to improve access to agricultural inputs

Retrieved on: 
Tuesday, December 20, 2022
BII, U.S. International Development Finance Corporation, DFC, AgDevCo, Investment, Seed, Food security, Agriculture, Food, PEC, Foreign direct investment, ESG, Farmer, Financial services, Central Africa

LONDON, Dec. 20, 2022 /PRNewswire/ -- AgDevCo is pleased to announce its latest investment in the agribusiness sector in Côte d'Ivoire.

Key Points: 
  • LONDON, Dec. 20, 2022 /PRNewswire/ -- AgDevCo is pleased to announce its latest investment in the agribusiness sector in Côte d'Ivoire.
  • Afrique Phyto Plus was founded in 2013 in Côte d'Ivoire by Mohamed Hamza, Romarick Olomon and Stephane Apoque, three local entrepreneurs.
  • The group specialises in the import, distribution and mixing of crop protection products, both conventional and organic, and the distribution of seeds.
  • It is also promoting precision farming through its subsidiary Investiv', including the use of drone sprayers.

AGDEVCO ATTRACTS LOCAL INVESTOR TO GROW FOOD CROPS IN THE BABATOR IRRIGATED FARMING HUB

Retrieved on: 
Tuesday, January 11, 2022
Onion, Moringa, US, BFC, Department for International Development, Black Volta, Soil, AgDevCo, Farmer, Savannah Region, Health, Rotation, SESI, Employment, Investment, Sale, Vegetable, Woman, Agriculture, Renewable energy

The company plans to grow over 7,000 tonnes of onions at BFC for sale in the domestic market, with potential for further expansion.

Key Points: 
  • The company plans to grow over 7,000 tonnes of onions at BFC for sale in the domestic market, with potential for further expansion.
  • Despite being a staple part of local cuisine, Ghana today imports up to 90% of the onions it consumes.
  • There is ample year-round irrigation, good road infrastructure, and a strong relationship with local communities developed by AgDevCo."
  • To date, the fund, AgDevCo and BFC have supported a local school, health clinic and a water treatment system.