An agro-inputs trading and manufacturing business with operations in Côte d'Ivoire, Mali, Burkina Faso and wider West Africa.
AgDevCo has provided a €5,5 million mezzanine debt investment to Afrique Phyto Plus (A2P), an agro-inputs trading and manufacturing business with operations in Côte d'Ivoire, Mali, Burkina Faso and wider West Africa. AgDevCo’s investment will support the company’s continued growth and impact, including the construction of a new warehouse and its expansion into new countries.
Afrique Phyto Plus was founded in 2013 in Côte d'Ivoire by Mohamed Hamza, Romarick Olomon and Stephane Apoque, three local entrepreneurs. The group specialises in the import, distribution and mixing of crop protection products, both conventional and organic, and the distribution of seeds. It is also promoting precision farming through its subsidiary Investiv’, including the use of drones. The group supplies smallholder farmers through wholesalers, commercial plantations and public organisations.
By providing long term capital, AgDevCo’s investment will support the expansion of A2P’s distribution capacity in Côte d'Ivoire and across West Africa and its entry into new markets in the Sahel and Central Africa regions. This investment is poised to increase the volume and availability of safe and cost-effective inputs for commercial and small-scale farmers in Côte d'Ivoire and the subregion, helping to facilitate yield growth and promoting food security.