Whether for profit or social motives - and often both - an increasing number of investors are targeting opportunities in African agriculture. At the same time innovative approaches for deploying aid to support farming businesses linked to smallholders are emerging. This blog provides a snapshot of who is doing what, where and how.

24 September 2011

East African Agricultural Fund Raises $25 Million From Backers

African Agriculture Capital Fund, set up by the Rockefeller Foundation, the Gatsby Charitable Foundation and Volksvermogen NV, raised $25 million to support emerging farmers in East Africa, the fund’s manager said.

Pearl Capital Partners Uganda, a unit of Mauritius-based Pearl Capital Partners, will manage the fund, which is expected to launch on Sept. 27 in Kampala, the Ugandan capital, the investment group said in an e-mailed statement today.

The money has been raised from the Gatsby Foundation, the Rockefeller Foundation, the Bill and Melinda Gates Foundation, and New York-based J.P. Morgan Chase & Co., PCP Uganda said.