Sahel founders make a principal investment to establish AACE Food Processing and Distribution Limited (“AACE Foods”), an agro-processor that produces spices, seasonings, and nutritious packaged food products. Factory is set-up in southwestern Nigeria.
Sahel Capital Partners and Advisory Limited was established to provide advisory and consulting services to public, private and non-profit clients across West Africa. Sahel partnered with a range of local and international organizations to execute high-impact projects in Benin, Burkina Faso, Ghana, Liberia, Mali, Niger, Nigeria, Senegal, and Togo.
Sahel was selected to act as the fund manager for the Fund for Agricultural Finance in Nigeria (“FAFIN”). The fund sponsors of FAFIN include the Nigerian government via the Federal Ministry of Agriculture and Rural Development, the German government via KfW Development Bank, and the Nigeria Sovereign Investment Authority.
FAFIN – First Close
FAFIN – Nigeria’s first agribusiness specific private equity fund – launched with a $33 million first close.
Separation of private equity and management consulting businesses
Sahel separated its management consulting and private investment businesses, with Sahel Capital Agribusiness Managers Ltd. (“Sahel Capital”) spun-out to focus on FAFIN and successor private equity funds. Original Sahel firm subsequently changed its name to Sahel Consulting Agriculture and Nutrition Limited (“Sahel Consulting”) to fully embrace its mandate as a consulting company, and its focus on the agriculture and nutrition landscapes.
FAFIN – Final Close
Sahel Capital raises additional capital from investors for FAFIN in a final close at $66m, with additional capital raised from the African Development Bank, British International Investment, and the Dutch Good Growth Fund (managed by Triple Jump).
Most Innovative in Agriculture Financing
Sahel Capital named “Most Innovative in Agriculture Financing” award by BusinessDay Newspapers in Nigeria
Investor of the Year
Sahel Capital awarded “Investor of the Year” by Impact Investors Foundation in Nigeria.
Sahel celebrates its 10th anniversary. To mark this milestone Sahel hosted a virtual conference with leaders in the agriculture and food landscape to discuss how the African private sector can feed Africa and the World
Regional expansion of investment activities into sub-Saharan Africa
Sahel was selected to act as investment adviser to the Social Enterprise Fund for Agriculture in Africa (SEFAA), an impact-first fund covering 13 countries in sub-Saharan Africa. SEFAA launched with a first close at $24 million from KfW as anchor investor.