This post was originally published at PAEPARD and has been republished with permission.
|Altree Capital, Bo Masole, GTR Women in Trade Finance,
Jenni Chamberlain, Victus Global,
Victus Global Capital, Zee de Gersigny
Victus Global Capital and Altree Capital have partnered to launch a US$50mn fund focusing on investment into women-led agribusinesses in Africa.
The fund aims to boost African agriculture through the practice of so-called ‘gender lens investing’, which focuses on funding women-owned businesses, companies with a track-record of hiring women, and those that aim to improve the lives of women through their products and services.
It is initiated by Bo Masole and Zee de Gersigny – the founders of Victus Global Capital, an investment firm focused on transforming agriculture and empowering women in Africa – and Jenni Chamberlain, CEO of African asset management specialist Altree Capital.
Together, the two companies are working on a pipeline of projects, which include a tomato processing plant in Zambia, a meat processing plant in Malawi and a coffee export project in Ethiopia. The aim is to make individual investments of between US$250,000 and US$10mn.