AgDevCo has provided Mezzanine (“Mezz”) debt funding to Victory Farms, a fish farming company based in Kenya that is the largest producer of fish in East Africa with a production capability of 30 metric tons of fish per day. The company employs 350 full-time employees of which 65% are youth. The funding raised will be deployed towards the expansion of capacity in order to increase the number of its operating countries in East Africa. The Mezz debt sizing was not disclosed.
AgDevCo is an impact investor specializing in agribusiness investments in Sub-Sahara Africa. AgDevCo’s portfolio consists of over 50 investments in production, processing and distribution. AgDevCo is headquartered in London with representative offices in Zambia, Malawi, Tanzania, Uganda, Rwanda, Ghana and Sierra Leone. Across Sub-Sahara Africa, AgDevCo has invested over $170-million linking over 480,000 smallholder farmers to profitable markets and creating over 11,000 jobs.