Topics: Groceries, Food engineering

Swedfund, BII and Norfund invest $85 million in AgDevCo to support agribusinesses in Africa

Swedfund, BII and Norfund invest $85 million in AgDevCo to support agribusinesses in Africa

Swedfund, alongside BII and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The investment comprises up to $20 million from Swedfund, $50 million from BII and $15 million from Norfund, aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas.

Mohizi is a small-scale, women-led plantain chips producer in Côte d'Ivoire that has been able to formalise and grow its business with loans and support from COFINA. Photo: Axel Hallgren/Swedfund

Closing MSME finance gap in Côte d’Ivoire and Senegal

Swedfund has invested EUR 20 million in Compagnie Financière Africaine (COFINA), a leading mesofinance institution that provides loans to micro, small and medium-sized businesses in West and Central Africa to enable them to develop and grow their business.

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