(Ecofin Agency) - Private equity firm Phatisa will be granted $10 million by the African development Bak (AfDB) for its second fund to boost agriculture and nutrition across Africa (Phatisa Food Fund II-PFF2).

This new fund, which builds on the success the first, African Agriculture Fund, will extend over 10 years and various segments of the agricultural value chain, namely production, processing, logistics and distribution.  

PFF2 targets a capitalization of $300 million for Africa with a particular focus on the sub-Saharan region. It also targets investments of $20 million in West Africa (Côte d’Ivoire, Ghana and Nigeria), in Eastern Africa (Tanzania, Kenya and Uganda) and Southern Africa (Malawi, Zambia, Mozambique and Zimbabwe). 

It should be recalled that Phatisa currently has offices in Zambia, Kenya, South Africa, Mauritius and Côte d’Ivoire. It is sponsored by the International Fund for Agricultural Development (IFAD), the French Development Agency (AFD) and Spanish Agency for International Cooperation and Development (AECID).

Espoir Olodo