Case study: Agrivision- A staple food producer in Zambia
- Norfund
- 20 January 2020
Agrivision – a Norfund investee company – is helping to increase national food production by utilising modern farming methods and new technologies.
Agrivision – a Norfund investee company – is helping to increase national food production by utilising modern farming methods and new technologies.
The IFC will invest $20m for a 19.7% stake in Zambian farmland operator Agrivision, with existing equity partner Norfund and Zeder topping up their respective investments.
The Multilateral Investment Guarantee Agency— the political risk insurance and credit enhancement arm of the World Bank— announces additional support for Agrivision Africa (Chayton Africa) of Mauritius.
The deal was struck through Zeder's existing investment in that country - its 73.4%-owned commercial farming venture, Chayton Africa
Africa’s agriculture and food industries are attracting increasing interest from investors. This trend is largely fuelled by the fact that the continent has 60% of the world’s uncultivated arable land, with favourable weather conditions in many countries.
A slide show by GRAIN that profiles some of those who have been most actively pursuing or supporting farmland grabs around the world.
From the World Bank to pension funds, efforts are under way to regulate land grabs through the creation of codes and standards. Rather than help financial and corporate elites to "responsibly invest" in farmland, we need them to stop and divest.
The overall objective of this report is to identify potential interventions to enhance the capacity of newly created private equity funds in agriculture and/or agribusiness in Africa, especially the stimulation of technical assistance to agricultural value chains.
Chayton already produces 10% of Zambia's soya and 5% of the country's wheat. Over the next 12 months, production will increase to at least 35% and 15% respectively.
Neil Crowder of Chayton Capital tells the BBC that farming in Africa can be very profitable - just wait till you hear how much he expects investors will make. But will it also benefit Africans?
Neil Crowder - CEO Chayton Africa presenting on Investing in Zambia's agriculture - Zambia Investment Forum London 2011
On 31 January 2012 in Dubai, 2nd Commercial Farm Africa features panel of experts and in-depth analysis on land utilization & investment policies in Mozambique, Tanzania, Zambia, Sudan, Namibia, Ghana and Ethiopia.
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