A farmer-owned Kenyan business that is leading the way in regenerative agricultural practices for non-irrigated cereal-based systems.
A farmer-owned Kenyan business that is leading the way in regenerative agricultural practices for non-irrigated cereal-based systems. AgDevCo’s mezzanine loan of $9.5 million will enable the company to continue to develop its canola oil production capabilities – it sells oil under the Pure Mountain brand in Kenya – allowing the company to increase its volumes purchased from out-grower farmers. It will also help to build Agventure Seed’s platform to supply high quality certified seed to farmers.
AgDevCo has supported Agventure with TA to improve its Center of Excellence (CoE), which involves more frequent and improved training and capacity building for farmers. The project also seeks to support digitisation of the company’s processes and fund a feasibility study for growth of the seed business.
Agventure has also received TA support to trial and measure the effect of regenerative agriculture practices as part of investee-specific regen ag action plans and biodiversity action plans to ultimately develop a practical toolkit that can be used across the portfolio to reliably measure the effects of regen ag practices in operations.
Further TA support was provided to the business for capacity building and the development and implementation of good practice aligned Environmental and Social Management System (ESMS) in line with AgDevCo’s Responsible Business Principles (RBPs) to work towards alignment with the IFC Performance Standards.
| Investment | Total invested | Start date |
|---|---|---|
| Agris | $7,000,000 | 2024 |
| Agventure | $9,500,000 | 2024 |
| Evergreen Avocado Limited | $8,000,000 | 2023 |
| Sagana Nuts | $1,200,000 | 2021 |
| Victory Farms Limited | $4,000,000 | 2021 |