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Sahel Capital, a specialist investment manager in sub‑Saharan Africa’s food and agriculture sectors, recently provided a loan of $590,000 to Rasad Nigeria through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
The funding is allocated as follows: $450,000 for working capital and $140,000 for capital expenditure.
Rasad Nigeria, operating in Ogun State and led by a family-run team, sources cocoa and cashew from over 1,000 smallholder farmers and intermediaries. The business serves both domestic and international markets.
According to Deji Adebusoye, a partner at Sahel Capital, Rasad is significantly enhancing Nigeria’s cocoa sector.
“By reaching into border communities and maintaining procurement throughout the year, the company offers small‑scale farmers dependable market access and helps them manage fluctuations in commodity prices,” he said.
SEFAA is a $24 million impact fund, launched in 2021 with support from KfW Development Bank.
It primarily offers structured debt (with the flexibility for equity or quasi‑equity) to agribusiness SMEs across thirteen sub‑Saharan African countries.
Sahel Capital also manages FAFIN, the Fund for Agricultural Finance in Nigeria, which invests in Nigerian agribusiness SMEs.
Additionally, the firm is currently raising capital for Sahel Capital Agribusiness Fund II, intended to widen its agribusiness footprint across West Africa.
Advisory support for this loan transaction was provided by Jackson, Etti & Edu, who guided SEFAA through the process.
One Acre Fund, a social enterprise empowering smallholder farmers in East Africa, has secured a $1.4 million investment from Impact Bridge Asset Management.
The funding round attracted participation from Norrsken Accelerator, Acquired Wisdom Fund (AWF), Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, HoaQ, Bold Angel Fund, Shivdasani Family and other angel investors.
Mediterrania Capital Partners, a private equity firm focused on growth investments in Africa, has officially announced the final close of its latest fund, Mediterrania Capital IV Mid Cap (MC IV), with total commitments reaching €600 million.
