Finance

Uganda: Pearl Capital Partners co-invests $1.5mln in Amfri Farms

Friday, 03 September 2021 18:36
Uganda: Pearl Capital Partners co-invests $1.5mln in Amfri Farms

(Ecofin Agency) - Yield Uganda Investment Fund, managed by Pearl Capital Partners announced its ninth investment in the Ugandan agriculture sector. This time, the company joins FCA Investments (FCAI) to inject €1.3 million ($1.5 million) into Amfri Farms, a Ugandan fruit and vegetable production, and export company.

The fund receiver, which exports products to European, American, and Middle Eastern markets, will use the money to boost both productivity and exports. "Amfri Farms is a unique company in the portfolio of Yield Uganda Investment Fund companies. The business practices promoted by AMFRI Farms to grow the production and marketing of certified organic products in Uganda create a strong value proposition for Uganda’s agriculture, especially the network of the smallholder farmers that supply the company,” said Edward Isingoma (pictured), partner at Pearl Capital Partners.

This is the second investment in the Ugandan agricultural sector made by Yield Uganda Investment Fund within a month. In early August, the fund announced a $2.5 million commitment to Pura Organic Agro Tech Ltd, an agribusiness processing company focused on the cassava value chain.

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