INJARO AGRICULTURAL CAPITAL
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Injaro Agricultural Capital Holdings is a first-time fund investing in small and medium sized enterprises (SMEs) active in the agricultural value chain in West Africa. The target populations for impact are rural smallholder farmers and low-income producers and consumers. Injaro's investment strategy is focused on Ghana, Côte d'Ivoire, Mali, Burkina Faso, Niger and Sierra Leone.
What is our funding objective?
FMO's funds will be used to make equity and quasi-equity investments (of US$0.50 mln - US$5 mln) in the agricultural value chain, including agri-inputs (seeds), agri-processing and agri-infrastructure (storage, transport & logistics). By making sustainable investments in SMEs opearting along the agri-value chain, the fund aims to contribute to poverty alleviation and improve food security.
Why do we fund this investment?
The investment has a positive impact on inclusive and economic development by supporting rural and smallholders farmers in the critically important agricultural sector, which represents 30% of West Africa's GDP, 65% of the jobs, 70% of internal trade and 68% of the industrial transformation. In addition, FMO's equity commitment supports the development of a new first-time fund manager and enables the fund to achieve a sustainable final close of $49m.
- Website customer/investment
- http://www.iachl.com/parent.php?
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 9/1/2014
- Total FMO financing
- USD 10.04 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B