Categories: The Crunch

South African Company, Agric-Vie Positioning to Invest in Nigeria's Agricultural Transformation. 


09 Apr 2014 As Nigeria seeks to diversify its income streams with greater focus on non-oil sources and with the IMF’s prediction that trade and agriculture will drive growth in 2014. One company in South Africa is aiming to ensure that it will be at the forefront of the agricultural revolution.

Agri-Vie, a South African private-equity firm based in Cape Town, is seeking opportunities in Nigerian food companies. The fund has investments in 12 African food businesses and is aiming to push its investment fund from two hundred and eighty five million dollars to five hundred million dollars. It currently has investments in South African salad producer Dew crisp and Ethiopia’s Africa Juice and plans to spread its focus to West Africa, looking at countries like Ghana, Senegal and Ivory Coast. In Nigeria, it will be looking at companies that process grains, dairy, fruits, poultry and fast food.

Executive Director Avril Stassen is quoted as saying “There are a lot of locally produced foods in Nigeria, with limited processing. It is also an area our team has skill and experience in. The scope for growth is wide. He goes on to say ““We are interested in companies that are already profitable. Companies that will add value to local production and by that promote food security.”

Admin

Share
Published by
Admin

Recent Posts

LoveFest Valentine’s weekend at EbonyLife Place ignites a spark with lovers and loved ones alike

Friends and family rush to join couples celebrating the season of love with fine dining…

5 years ago

Funke Akindele-Bello and Akin Lewis are hilarious in new trailer for EbonyLife’s blockbuster, Your Excellency

Lagos, 8 November 2019 – EbonyLife Films, producer of Fifty, The Wedding Party movies and…

5 years ago

WildlifeDirect and EbonyLife TV Wildlife Warriors TV Series Partnership

Nairobi, November 01, 2019: First African produced Wildlife documentary series, from Kenya Wildlife Warriors goes…

5 years ago

Òlòtūré selected for official screening at prestigious Carthage Film Festival, Tunisia

Trailer now available for viewing ahead of cinema release in 2020 31 October 2019, Lagos,…

5 years ago

Hot new poster launches campaign for EbonyLife’s hilarious December blockbuster, Your Excellency

Funke Akindele-Bello and Akin Lewis head all-star cast Lagos, 7 October 2019 – EbonyLife Films,…

5 years ago