African Agricultural Capital a regional investment fund specialising in agricultural financing ? has invested more than $6 million in various enterprises since 2005 but made an operating loss of $442,639 in 2008.

According to the company's annual report for 2008, African Agricultural Capital is currently financing 16 ventures in the region, comprising seven agricultural businesses in Kenya, five in Uganda and four in Tanzania which are mainly engaged in production of agricultural inputs.

African Agricultural Capital was founded in 2005 and provides risk capital to small and medium enterprises (SMEs) in the agricultural sector, through acquiring equity and extending credit finance.

Major beneficiaries include prominent seed companies such as Western Seed Company of Kenya, Victoria Seeds and Naseco of Uganda as well as Fica Seeds of Tanzania.

African Agricultural Capital is proud to announce our latest investment in Amaranth International Ltd (AIL). AIL has developed capacity to process grain amaranth (Terere) into flour and breakfast cereal. Amaranth seeds are high in protein with a content of 14% to 16%. The nutritional profile is well balanced in amino acids, and is high in lysine. Grain amaranth requires 60-75 days from planting to harvest, making it an ideal cash crop for small holders. The crop has a lower nitrogen demand than maize and has similar plant nutrition requirements as sorghum.

One of AAC's investees, East Africa Food Network was recently featured in Kenya Airways' in-fight magazine. Kenya Airways is proud to join the organic revolution in Kenya.

Proof that the organic food revolution which is sweeping the globe has firmly arrived in Kenya is provided by the example of the trail-blazing Kenyan company, Green Dreams. Originally based at a small farm in Tigoni, just outside Nairobi, green Dreams became Kenya's first certified organic supplier in 2005, and is now leading the country's organic revolution, launching an organic Box Scheme to deliver produce to consumers around Nairobi and opening two stores in the capital, which sell organic produce from across Kenya.