Investment manager focused on food and agriculture in Sub-Saharan Africa, AVCA member. Three vehicles: FAFIN (agribusiness SMEs in Nigeria); SEFAA, launched with KfW (USD 24m), providing structured debt — working capital and capex — to agribusiness SMEs in 13 Sub-Saharan countries; Sahel Capital Agribusiness Fund II, a blended-finance growth equity fund (USD 75m target, USD 29m first close in December 2025; Nigeria, Ghana, Côte d'Ivoire, Senegal). In 2026: USD 0.65–2.4m loans through SEFAA (cocoa, coffee, grains) and a significant minority stake in Delifrost (cold chain, Nigeria).
Criteria published by the fund, recorded and checked by Invest Matching.
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Recent public deals: they say better than a thesis what the fund actually signs.
Noma Services Consolidated
September 2026 · NigeriaDebt650 k$Senior debtAgribusinessLead
Activity : Grains and field crops
Instrument : Working capital loan · Vehicle : SEFAA
Nigerian agribusiness specialising in the aggregation and processing of rice, maize, sorghum and beans, sourcing from a smallholder network.
Why they invested
- Deepen aggregation capacity and strengthen operations
- Direct impact on the network's smallholder farmers
- Scalable agribusiness in staple food value chains (food security)
Advisers
- Duale Ovia & Alex-Adedipe — juridique, fund side
Source : linkedin.com
Zigoti Coffee Works
March 2026 · UgandaDebt1 M$Senior debtAgribusinessLead
Activity : Cocoa, coffee and export crops
Instrument : Loan facility · Vehicle : SEFAA
Ugandan coffee processor and exporter (robusta and arabica), four decades in the sector, network of more than 4,000 smallholder farmers.
Why they invested
- Deep regional expertise and strong track record across the value chain
- More than 4,000 smallholder farmers supported (extension, training)
- Global competitiveness of Ugandan coffee
Source : innovation-village.com
Rasad Nigeria
February 2026 · NigeriaDebt1.5 M$Senior debtAgribusinessFollow-on
Activity : Cocoa, coffee and export crops
Instrument : Working capital loan (increased facility) · Vehicle : SEFAA
Family-led agribusiness (Ogun State) aggregating cocoa and cashew from more than 1,000 smallholders and aggregators; "Rasad 2.0" strategy with the Axias Global spin-off for export and processing.
Why they invested
- Strong operational discipline and consistent growth
- Increased facility: confidence in execution capacity
- Liquidity during peak buying seasons, farmer relationships
Source : africaprivateequitynews.com
Kuapa Kokoo
January 2026 · GhanaDebt2.4 M$Senior debtAgribusinessFollow-on
Activity : Cocoa, coffee and export crops
Instrument : Working capital loan (renewal) · Vehicle : SEFAA
Farmer-owned cocoa cooperative; the loan funds increased working-capital needs for cocoa procurement.
Why they invested
- Farmer-owned institution delivering real value to smallholders
- Renewal of earlier financing: repayment track record
Source : africaglobalfunds.com
Delifrost Caterers
January 2026 · NigeriaGrowthUndisclosed amountEquityLogisticsLead
Activity : Warehousing and cold chain
Instrument : Significant minority stake · Vehicle : Sahel Capital Agribusiness Fund II
Integrated cold-chain distribution platform for chilled packaged foods in Nigeria. First investment of Sahel Capital Agribusiness Fund II.
Why they invested
- Nigeria's leading integrated cold-chain platform
- Cold-chain efficiency and lower carbon footprint in food distribution
- Stronger governance and institutional capacity
Source : africaglobalfunds.com
Oyster Agribusiness
October 2024 · Ghana2 M$AgribusinessCo-Invest
Activity : Food processing
Oyster Agribusiness Secures USD 2 M Investment.
Co-investors RDF Ghana, Root Capital
Source : weetracker.com
TradeDepot
October 2021 · NigeriaUndisclosed amountE-commerceCo-Invest
Activity : B2B e-commerce
Vehicle : FAFIN
TradeDepot is a technology-enabled direct-to-retailer distribution platform connecting FMCG manufacturers and SME retailers.
Why they invested
- Reduce inefficiencies in FMCG distribution
- Connect manufacturers with informal retailers
- Use data to improve distribution and unlock inventory financing
Source : sahelcapital.comN1 · Primary source
Ladgroup
June 2019 · NigeriaUndisclosed amountAgribusinessLead
Activity : Edible oils and oilseeds
Vehicle : FAFIN
Ladgroup processes shea nuts into shea butter for industrial-scale export.
Why they invested
- Add local value to shea nuts
- Develop an export-oriented agribusiness
- Finance working capital and capital expenditure
Source : sahelcapital.comN1 · Primary source
Coscharis Farms
March 2018 · NigeriaUndisclosed amountAgribusinessLead
Activity : Grains and field crops
Vehicle : FAFIN
Coscharis Farms operates rice farmland and develops an integrated rice processing and distribution business.
Why they invested
- Develop an integrated rice platform
- Address Nigeria's domestic food demand
- Finance agricultural and processing infrastructure
Source : sahelcapital.comN1 · Primary source
Crest Agro Products
March 2017 · NigeriaUndisclosed amountAgribusinessCo-Invest
Activity : Food processing
Vehicle : FAFIN
Crest Agro processes cassava into food-grade starch for industrial users in Nigeria and West Africa.
Why they invested
- Develop industrial cassava processing
- Address regional demand for food-grade starch
- Build on an experienced management team
Co-investors CardinalStone
Source : sahelcapital.comN1 · Primary source
Dayntee Farms
August 2016 · NigeriaUndisclosed amountAgribusinessLead
Activity : Livestock and animal production
Vehicle : FAFIN
Dayntee Farms is an integrated poultry business producing eggs, day-old chicks, broilers and processed poultry products.
Why they invested
- Increase poultry production capacity
- Address growing protein demand in Nigeria
- Develop the company toward market leadership
Source : sahelcapital.comN1 · Primary source
Diamond Pearls Agro Allied
December 2015 · NigeriaUndisclosed amountAgribusinessLead
Activity : Edible oils and oilseeds
Vehicle : FAFIN
Diamond Pearls operates an edible-oil refinery processing crude palm olein and crude palm kernel oil.
Why they invested
- Address the edible-oil supply gap
- Increase refinery capacity utilization
- Strengthen the local supply chain
Source : sahelcapital.comN1 · Primary source
L & Z Integrated Farms
2015 · NigeriaUndisclosed amountEquityAgribusinessLead
Activity : Dairy
Instrument : 25% stake · Vehicle : FAFIN
L & Z Integrated Farms produces and distributes fresh milk, yoghurt and other dairy products through an integrated dairy operation.
Why they invested
- Substitute imported dairy products
- Increase processing capacity
- Expand local milk collection centres
Source : sahelcapital.comN1 · Primary source
Sahel Capital invests tickets ranging from 650 k$ to 5 M$, across the following sectors: Agribusiness, E-commerce, and Logistics, in the following areas: Nigeria, Ghana, Senegal, Côte d'Ivoire, and Uganda. Check in 30 seconds whether your company fits these criteria.
