Promoting food security: African Development Bank approves US$ 15m equity investment in Africa Food Security Fund t…

In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa

AFSF is a second-generation fund targeting a total capitalization of US$ 100 million. The Fund will invest in potential high-growth Small and Medium Enterprises operating in the food and agriculture value chains across sub-Saharan Africa. It aims to  address the needs of  least served operators in agricultural SMEs segment that are not targets of the larger private equity funds and commercial banks.

The Fund Manager – Zebu Investment Partners is experienced in food production and processing at the SME level. Considering…

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