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Annual Report & Financial Statements for Year Ended 30th June 2009 |
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Wednesday, 27 January 2010 06:19 |
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"It has been a challenging economic year for African Agricultural Capital’s investee businesses. While Africa has in general not been as adversely affected as many developed economies by the global financial crisis, the turbulence caused has created a difficult operating environment for East African business – in particular on exporters. Under the circumstances, I am very pleased that AAC’s portfolio of investees has performed well during the year. I am also very happy that, for the first time, AAC is reporting a modest net profit. While this profit is significantly due to foreign exchange gains arising from the strengthening of the US Dollar, it is nevertheless a considerable achievement, particularly in light of the difficult economic environment." - Hatim Karimjee, Chairman AAC Find the full report here |
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AAC announces it is raising a new investment fund for African agriculture |
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Friday, 22 January 2010 00:00 |
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AAC has today completed its Private Placement Memorandum (PPM) for the AAC Fund, a $25m Mauritius-domiciled closed end fund focused on providing capital to Small Growing Businesses (SGBs) operating in the agriculture value chain in East Africa. |
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African Agricultural Capital completes exit of Earthoil Kenya |
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Tuesday, 15 September 2009 13:26 |
African Agricultural Capital (AAC), the first agribusiness investment fund dedicated to providing affordable and flexible capital to agriculture-related Small and Medium-sized Enterprises in East Africa, announces the exit of its portfolio company Earthoil Kenya Ltd, through the retirement of its quasi-equity investment facility, providing an overall annualised return on AAC’s investment of 9%. Earthoil Kenya is a producer, marketer and exporter of speciality cold-pressed seed oils.
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Africa Seed Investment Fund (ASIF) |
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Friday, 08 May 2009 06:35 |
African Agricultural Capital (AAC) is the investment manager for ASIF. AAC, which was established in 2005, has developed specific expertise in investing in the agriculture sector in sub-Saharan Africa.
Objectives- To provide affordable and flexible risk capital to seed companies operating in agriculture value chains in eight countries in eastern and southern Africa (Ethiopia, Kenya, Malawi, Mozambique, Rwanda, Tanzania, Uganda and Zambia) to improve the delivery of quality certified seed to smallholder farmers.
- To provide business development support to build healthy, long-term viable businesses that can attract additional capital to the seed sector.
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Farmers' capital fund lost $0.4m in 2008 |
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Friday, 23 January 2009 00:00 |
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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. |
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