Bamboo Finance, Louis Dreyfus Holding launch NISABA
The fund's focus will be on small- and- medium-sized agribusiness ventures in Sub-Saharan Africa. The $10 million needed to launch the fund will be provided by Louis Dreyfus Holding.
"We are excited to apply an integrated investment approach with a vast network of local expertise for the benefit of smallholder farmers and their communities, while demonstrating the value of impact investing,” Bamboo Finance CEO Jean-Philippe de Schrevel said.
The fund will be supported by a network of local expertise for the benefit of smallholder farmers and their communities.
“Agribusiness development is at the crossroads of major challenges for Africa," Margarita Louis-Dreyfus, chairperson of Louis Dreyfus Holding, said. "With an estimated population of 2 billion by 2050, and 330 million young Africans expected to enter the labor market by 2025, global agricultural production is not keeping pace with population growth."