Privacy Policy
By accessing this site, you signify your agreement with, and understanding of, the information in this Privacy Policy.

1. Introduction

We at Samawati Capital Partners Limited (SCP) recognize that privacy is a fundamental human right that ought to be protected through lawful, legitimate, and responsible collection and processing. We are committed to safeguarding the privacy and security of the personal data we collect from visitors and users of our website and want you to understand how we collect, use, and share data about you in compliance with applicable data protection laws.

This Privacy Policy aims to help you understand our personal data collection and disclosure practices and describes your rights to access, correct, or restrict our use of your personal data.

Personal data and/or personal information as used in this Privacy Policy refers to information that relates to an identified individual or an identifiable individual.

2. Privacy Principles

We apply the following Principles when we collect and process your personal data:
  • We process data in accordance with your right to privacy lawfully, fairly, and in a transparent manner;
  • We collect personal data for specific and legitimate purposes and do not process it in a manner that is incompatible with the purposes for which it was collected;
  • We ensure that the data collected and/or processed is adequate, relevant, and limited to what is necessary in relation to the purposes for which the data is collected and/or processed and that valid explanations are provided whenever additional information is required;
  • We ensure that all personal data is accurate and up to date and that any inaccurate personal data is erased or rectified without delay;
  • We ensure that data is kept in a form that identifies you for no longer than is necessary; and
  • We ensure that data is not transferred to third parties unless there is proof of adequate data protection safeguards.

3. Information Collected

We may collect and process your personal data when you visit or use our website. The data we collect can be classified as Non-personally and Personally identifiable. Non-personally identifiable data is gathered when you generally browse our website, while Personally identifiable data is collected when you voluntarily submit such information to us by filling out the “Contact” form or you communicate with us electronically.

The data we collect includes the following:
  • basic personal details such as your name;
  • contact information such as your telephone number and email address;
  • demographic data such as your location, preferences, or interests;
  • internet protocol (IP) address, device type, browser type, operating system; and
  • specific content provided by you which might contain further personal data.

4. Use of Information

If you use our website in relation to any of our services, send us an electronic communication, or use the “Contact” form on the website, we may use personal information for the following purposes:
  • to communicate with you and respond to any of your queries or concerns;
  • to disseminate information to further our mandate and operate our business;
  • to maintain the quality of our services;
  • to analyze, develop, improve, and optimize the use, function, and performance of our website and services;
  • to market and contact you via surveys to conduct research about your opinion of current services or of potential new services that may be offered;
  • to manage the security of our website, networks, and systems;
  • to provide general statistics regarding the use of our website; and
  • to comply with applicable laws and regulations.
We do not collect any personal data that we do not need to provide and oversee our services to you, and we endeavour to use good practices to keep your information secure at all times.

5. Legal Basis for Collecting or Processing Your Data

We process your data based on one or more of the following legal bases including:
  • the consent you provide for the processing of your data;
  • for the performance of a contract with you;
  • to comply with any legal obligations;
  • to protect your vital interests or any other person who may be indirectly affected;
  • public interest; and
  • to pursue our legitimate interests, provided that they do not override or prejudice your fundamental rights and freedoms.

6. Disclosure of Your Information

We may disclose and share your personal data when applicable, and in order to pursue our legitimate interest in providing services to you, with the appropriate contractual obligations in place. Your personal data may be disclosed to the following persons or for the following reasons:
  • to fulfill the purpose for which you provide it;
  • to our subsidiaries, affiliates, employees, associates, partners, contractors, and third-party service providers to the extent necessary to serve the applicable purpose and to perform their functions;
  • to comply with applicable laws and regulations;
  • to law enforcement agencies, regulatory authorities, courts, or other statutory authorities in response to a demand issued with the appropriate lawful mandate;
  • to protect the vital interests of a person, our property, services, legal rights, or safety of the website, our clients, or others; and
  • for any other purpose disclosed by us when you provide the information.

7. Children’s Privacy

Our website is not directed at children, and we do not knowingly collect any personal information about children. If we obtain actual knowledge that we have collected personal information about a child, the information will be immediately deleted from our database.

8. Data Security

We have adopted reasonable security practices and procedures, in line with applicable laws, to protect your personal data from unauthorized access or disclosure, unlawful destruction, damage, loss, and alteration while it is under our control. In addition to this, our data security measures are routinely reviewed and upgraded to ensure the level of protection is commensurate to the degree of sensitivity applied to personal data.We however cannot guarantee the security of any information that is transferred over the internet and/or stored electronically due to the inherent risks in the internet. Therefore, we cannot accept liability for the circumvention of any privacy settings or security measures contained on our website.

9. International Transfer

Your personal data may be transferred to, processed by a processor, and maintained in another jurisdiction. If this happens, we will take adequate measures to ensure your data is treated as required under relevant data protection laws.

10. Cookie Policy

Cookies are small text/data files that are placed on your device when you visit the website. They allow websites to remember your actions and preferences (such as login information, language selection, and other settings) for a certain period of time. 
There are two types of cookies, Persistent cookies and Session cookies. Persistent cookies remain on your device even after you close your browser or turn off your device. They are used to remember your preferences or actions for a longer period of time. On the other hand, Session cookies are temporary and are deleted once you close your browser or turn off your device. They are used to enable certain features on the site.

We may use cookies to:
  • Help us remember your preferences and settings such as language preference and login information;
  • Analyze how you use the website;
  • Improve the website and its functionality and performance;
  • Provide personalized content and advertising;
  • Prevent fraudulent activity and improve the website’s security;
  • Recommend content we believe will be most relevant to you; or
  • Make your next visit to the website more efficient and user-friendly.
Most browsers allow you to turn off cookies. To do this, look at the “help” menu on your browser. Switching off cookies may restrict your use of the Site and/or delay or affect the way in which it operates.

11. Third-Party Links

You may find other content on the website that links to the websites and services of our partners and other third parties. We are not in any way responsible for the content of any externally linked website or webpage, and by clicking on any of the links, you will leave the SCP website and accordingly be subject to the terms of use, privacy, and cookie policies of the other website that you choose to visit.

12. Data Retention

We do not keep your personal data for any longer than necessary to fulfill the purposes for which we collected the data. 

13. Your Rights

Subject to legal and contractual exceptions, you are entitled to the following with regard to your data:
  • the right to be informed that we are collecting personal data about you and the use to which the personal data is to be put;
  • the right to access the personal data we keep about you;
  • the right to be forgotten by us by requesting we delete your personal data held by us;
  • the right to request us to supply you with data that you previously provided to us;
  • the right to request us to correct or update any information about you held with us which is incorrect and or misleading;
  • the right to request that we restrict the personal data relating to you that we process;
  • the right to object to the processing of your personal data in some circumstances;
  • the right to data portability; and
  • rights related to automated decision-making.

14. How to Contact Us

If you have any questions, comments, or suggestions or would like to access, correct, modify, or delete your information, lodge a complaint, and/or practice any of your data protection rights, you can email us at

We reserve the right to refuse a request if we believe it would violate any law or cause the information to be incorrect.

15. Policy Updates and Changes

We reserve the right to amend or change this Privacy Policy to meet our changing business needs or ensure that it complies with current legal requirements. 

This Privacy Policy was last updated on April 1, 2023.

better investments

better economies

better lives

Partnership Across Africa

Enabling sustainable growth and development in Africa takes more than knowing the numbers.

It takes knowing Africa.

Samawati Capital Partners is an experienced team of investment and development professionals based in Nairobi and Kampala with a diversified network of local experts in key markets across Sub-Saharan Africa.

We are the eyes, ears, and regionally connected partners on the ground for our clients in more than 20 African countries.

We partner with investors, non-profits, businesses, and the public sector to create sound investments and effective, sustainable impact initiatives through SMEs in sectors that can drive robust growth in Africa including food and agribusiness, renewable energy, financial inclusion, healthcare, and education.
Samawati countries of engagement
  • Benin  
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Democratic Republic of the Congo
  • Ethiopia
  • Ghana
  • Ivory Coast
  • Kenya
  • Liberia
  • Malawi
  • Mozambique
  • Namibia
  • Nigeria
  • Rwanda
  • Senegal
  • Tanzania
  • Uganda
  • Zambia
  • Zimbabwe
  • Benin  
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Democratic Republic of the Congo
  • Ethiopia
  • Ghana
  • Ivory Coast
  • Kenya
  • Liberia
  • Malawi
  • Mozambique
  • Namibia
  • Nigeria
  • Rwanda
  • Senegal
  • Tanzania
  • Uganda
  • Zambia
  • Zimbabwe
Samawati countries of engagement
Samawati is most active in food and agribusiness, renewable energy, financial inclusion, healthcare, and education.

Our mission is

your mission

Today, Africa presents unmatched potential for economic, technological, and social development and growth.

Samawati Capital Partners is a force multiplier for partners who want to invest in and unlock this potential.

We have served as investment sub-advisor, impact advisor, and/or strategic partner to a wide variety of institutions based in Africa, Europe, the US, and beyond.
Selected Partners and Affiliated Organizations
Samawati is committed to the UN Global Compact corporate responsibility principles on human rights, labor, environment, and anti-corruption.


Specialists in impact investment and SME development on our core team in Nairobi and Kampala


Value of investments enabled by the Samawati team into SMEs and financial intermediaries (USD)


Sector, industry, and development experts in our active network across Sub-Saharan Africa


Countries of expertise
within the Samawati network
meet the Samawati team
August 29, 2023

Samawati Capital Partners is proud to have supported in originating Rogathe Dairy Farm Products Limited for the Social Enterprise Fund for Agriculture in Africa (SEFAA); a fund managed by Sahel Capital that has provided the company with a 3-year USD 675,000 term loan facility.

Rogathe is a dairy processing company based in Msata, Tanzania, that actively collaborates with smallholder farmers, sourcing fresh milk while enhancing their productivity and profitability through extensive extension services. Rogathe currently sources raw milk from 2,000 smallholder farmers and farmer cooperatives from surrounding communities, which it then processes into pasteurised milk and yoghurt. With its current expansion, Rogathe expects to reach over 6,000 farmers in the next three years.

Rogathe will utilise the loan facility to acquire refrigerated trucks to strengthen its supply chain from milk sourcing to distribution to end customers and finance raw milk purchases from smallholder dairy farmers. Sahel will also extend support via SEFAA’s technical assistance facility to improve the productivity of the dairy farmers within Rogathe’s network. As a result, the dairy farmers would produce more milk and have a guaranteed market for their milk. This will significantly impact the income and livelihood of these dairy farmers and their families. This investment highlights Sahel Capital's commitment to generating positive social and economic change in Africa through impactful investing.

Samawati Capital Partners, as part of its mandate with Sahel Capital, supported the firm in originating the transaction, lending our expertise throughout the deal cycle until its approval. We are thrilled to have played an integral part in facilitating this support to Rogathe Dairy.

About Samawati Capital Partners

Samawati Capital Partners is an Africa-based impact investment and advisory firm whose purpose is to direct capital strategically to the private sector in Africa, so it becomes a catalyst for sustainable growth and development across the region. We are an experienced team of investment and development professionals based in Nairobi and Kampala with a diversified network of local experts in more than 20 key markets across Sub-Saharan Africa. Samawati partners with investors, non-profits, businesses, and the public sector to create sound investments and effective, sustainable impact initiatives through SMEs in sectors that can drive robust growth in Africa including food and agribusiness, renewable energy, financial inclusion, healthcare, and education. 

About Sahel Capital

Sahel Capital currently manages two funds with a combined US$90 million in assets: Fund for Agricultural Finance in Nigeria (“FAFIN”), which is fully invested with eight (8) investments in SME agribusinesses in Nigeria, and Social Enterprise Fund for Agriculture in Africa (“SEFAA”) which provides primarily structured debt to agribusiness SMEs across 13 countries in sub-Saharan Africa.


Launched in 2021 with KfW Development Bank as the sponsor and anchor investor, SEFAA aims to stimulate economic activities among smallholder farmers by supporting and scaling the social enterprises that engage with them. SEFAA invests in 13 countries across sub-Saharan Africa, including five (5) priority countries – Côte d’Ivoire, Ghana, Kenya, Nigeria, and Uganda.


June 19, 2023

In January 2018, Samawati Capital Partners supported the Africa Agriculture and Trade Investment Fund in closing a USD 4m facility to enable CKL Africa Ltd (CKL; formerly Cooper K-Brands Ltd) to finance a new processing plant for minerals and nutritional supplements used in the livestock sector, thereby increasing the company’s local value addition. CKL is a family-run company set up in 1906 that over several generations has become a leading animal health and agricultural inputs company in Eastern Africa. The company remains one of the oldest standing local companies in Kenya’s well-established livestock sector providing critical inputs, know-how, and R&D assistance to farmers.

AATIF partnered with the company to support the expansion of its operations which includes increasing its capacity for local processing and further growing its product diversification and outreach to local farmers. Through this financing, the Fund seeks to continue working with CKL towards its goal of contributing to the transformation of the agricultural sector in East Africa by developing and delivering innovative and affordable animal health and crop protection products within easy reach of every famer in their markets accompanied by a wide variety of knowledge-sharing and training activities.

Closing of USD 4m Facility with CKL Africa Ltd in Kenya

June 17, 2023

In October 2022, Samawati Capital Partners supported the Africa Agriculture and Trade Investment Fund in closing a USD 25m funding line with Union Bank of Nigeria to expand its agricultural business footprint. In response to the Nigerian government’s effort to reduce food imports and ultimately create a sustainable market for local farmers to sell their farm produce, Union Bank has anchored its food and agri-finance strategy around the promotion of local food processing.

Union Bank boasts a long-standing track record in the agricultural sector and has since risen to become one of the top 5 agricultural financiers in Nigeria, highlighting the sector's great potential for future expansion and innovation.

The bank targets key value chains in rice, poultry, dairy, cassava, maize, and soybean, among others, and aims to provide tailor-made funding and technical support to the different actors along each of the selected value chains.

The funding from AATIF will support Union Bank’s expansion and outreach to Nigerian agri-businesses. The expected impact is linked to the development and deployment of innovative agri-product offerings and an increase in funding directed to agricultural businesses. This is expected to further contribute to the growth of the competitive food and agricultural sector in Nigeria that is fully aligned with national priorities including improved food security, increased agricultural production, and local food processing.

AATIF’s facility will also be accompanied by technical assistance support to improve efficiency and accelerate impact within the sector.

Closing of USD 25m Funding Line with Union Bank of Nigeria

June 18, 2023

Samawati Capital Partners is proud to partner with Sahel Capital as a sub-advisor to its new fund mandate, the Social Enterprise Fund for Agriculture in Africa (SEFAA). 

Sahel Capital will act as investment adviser to the $24 million fund sponsored by the German development bank KfW. KfW has been a committed supporter of agricultural development on the African continent and over the past eight years has anchored several other funds such as Africa Agriculture and Trade Investment Fund (AATIF), Fund for Agricultural Finance in Nigeria (FAFIN), and Lending for African Farming Company (LAFCo). Samawati is a sub-advisor to the investment advisor of AATIF supporting activities in the East and Southern African region, and Samawati will now further support Sahel Capital on the SEFAA mandate, originating transactions within the same region.

SEFAA is an impact fund with the goal of reducing poverty by investing in agricultural enterprises that contribute significantly to enhancing the business eco-system, or income opportunities, of smallholder farmers (SHFs) in sub-Saharan Africa. 

The fund will invest across the agricultural value chain with a particular focus on enterprises or intermediaries that increase productivity of smallholder farmers (SHFs), address market access limitations or information asymmetries, or offer agricultural finance tailored to the specific needs and production cycles of SHFs. In addition to SEFAA’s targeted impact of reducing poverty through its investments, the fund is also expected to create and preserve jobs and deliver on six of the UN sustainable development goals (SDGs 1, 2, 3, 4, 5 and 6). 

SEFAA will invest primarily in debt (but with flexibility to invest some equity or quasi-equity) with the aim of filling the financing gap for earlier-stage enterprises that may not yet be mature or profitable enough to get equity and/or debt from commercial capital providers. 

The SEFAA’s sub-advisor mandate fits well with Samawati Capital’s mission of directing capacity and capital to high-growth SMEs in Africa to drive socio-economic transformation in the region.

Samawati Capital Partners appointed as a sub-advisor to Sahel Capital for the USD 24m Social Enterprise Fund for Agriculture in Africa

June 18, 2023

Samawati Capital Partners supported in the closing of a USD 4m senior secured CMA facility for the purchase of maize and soybeans from local smallholder farmers in Zambia through the Africa Agriculture and Trade Investment Fund.

Seba Foods is a family-run business founded in 1997 as a subsidiary of the company 260 Brands Africa. The company’s activities to date include purchasing, processing, packaging, and shipping of maize and soya products for human consumption, with about 5% into animal feed products. Their key products include textured soy as a meat alternative, powdered/instant drinks, corn soya blend (porridge), and snacks, where the company is among the top market leaders in Zambia.

The USD 4m facility provided by AATIF will allow 260 Brands to maximize the output of a recently installed plant. Structured as a 12-month CMA facility, it enables the company to purchase maize and soybeans in the local market during the optimal time for further processing at its own facilities.

On 30/05/2022, the CMA loan facility was renewed from USD 4m to USD 6m, after a successful 12 months during which the company broadened its market base by exporting its products to the USA and increased its local outreach with the launch of an organic soya out-grower scheme.

Closing of USD 4m senior secured CMA facility with Seba Foods Zambia

June 18, 2023

Speaking to local publication in September 2020, the Tanzania Board of Tea (TBT) managing director, Nicholas Maurya, told a local publication that a new Dar es Salaam tea auction was set to officially start by October of the same year, pending a few more approvals¹.

This is major news in the tea world, given that, to date, the only existing tea auction in East Africa is Kenya’s Mombasa Tea Auction. This has meant that East African countries such as Rwanda, Burundi and even Tanzania have been forced to incur extra transportation costs in getting their product to the market.

However, should this new plan come to pass, as it is looking very likely to, the Tanzania auction is set to challenge this status quo. The Board is targeting tea producers within East Africa, offering a more cost-sensitive alternative to the Mombasa Tea Auction. One could see Rwanda and Burundi opting to transport their tea to their closer geographical neighbour, mitigating the higher costs of getting their product to Kenya.

History of the Mombasa Tea Auction

The Export Auction System was initiated in November 1956 in Nairobi on a very small scale, with only small quantities of secondary grade teas offered under the umbrella of the East African Tea Trade Association (EATTA).

With quantities and volume increasing over the years, incentive for international buyers to set up offices in Kenya grew, which had the knock-on effect of spreading interest to international markets beyond the United Kingdom.

The decision to move the Auctions to Mombasa from Nairobi was taken in 1969, relocating to the hub of the main warehousing, handling and shipping activities².

Auctions are held weekly on Mondays and Tuesdays, with main grades auctions held on Tuesdays, and secondary grades auctions held on Mondays from 9:00am.

In what can be considered somewhat of a monopoly, the Mombasa Tea Auction presently handles tea from fellow East African nations Uganda, Tanzania, Ethiopia, Rwanda and Burundi, even handling product from the Democratic Republic of Congo, Malawi and Mozambique.

Major markets such as the United Kingdom, Sudan, Egypt, the United Arab Emirates and countries in the Middle East rely on the Mombasa Auctions to access the vast majority of tea they import, placing all the countries that use the Mombasa Tea Auction at Kenya’s behest.

This means that significant political and economic forces, for instance, that affect Kenya internally, end up indirectly affecting all the African countries seeking international market for their product through Mombasa.

Instances that Disrupted Operations in Other Countries

In January 2008, ongoing post-election violence in Kenya forced the Rwanda tea authority (Ocir-The) to call off tea auctions for a number of days³. The violence, which forced the Africa Tea Brokers Ltd to suspend auctioning operations, also had a similar effect on the tea industries in Uganda⁴­­­ and other Eastern and Southern African states⁵.

While these suspensions of operations lasted only days, it was telling that a single country’s political atmosphere had threatened to upend the livelihoods of farmers, brokers and other actors along the value chain.

More recently, the most pertinent example of this seemingly flawed system lies in the region’s response to the novel coronavirus pandemic.

In March of 2020, the first case of COVID-19 was recorded in Kenya. Although different measures were employed to help curb infection rates (to varying degrees of success), the scale of the matter was yet to be truly grasped.

The tea sector was among those hit hard, with tea prices falling to a then year’s-low. The 12th Sale report (25th and 26th March 2020)⁶ revealed that the initial scare of the first wave of the pandemic drove prices of multiple commodities down, with the tea auctions temporarily suspended amid fears for individual health and safety.

COVID-19 was as unexpected as it is deadly, with unprecedented ramifications felt in every facet of life. Pinning the aftermath only on Kenya would be short-sighted and reactionary at best. Every country dealt with the pandemic in wildly different ways.

Tanzania, for example, has all but opted out of reporting daily figures on COVID-19 infection rates as of 29 April 2020⁷, with President John Magufuli declaring the country coronavirus free through prayer.

The East African nation was also embroiled in post-election turmoil of its own, with reports of excessive force being used to detain and assault opposition leaders and protesting citizens in November of 2020⁸. Clearly, post-election violence is not unique to Kenya.

Yet, it is worth considering the implications of having more than one tea auction, placing less emphasis on the economic and political winds of a single state while mitigating certain avoidable cost factors.

Reduced Cost to Dar es Salaam Instead of Mombasa

The tea value chain is spread out across 5 key areas – inputs, tea gardens, factory, handling and market. The costs involved at each level are varied and significant, as tea farms can cost up to KES 300,000 just to set up, not to mention taking 3-4 years before becoming viable.

In an average factory, the cost of transporting tea to the auctions sits at around 2% of total costs involved, with warehousing a further 2% and brokerage at 0.75% (figures accurate in 2014). These figures are mostly based on proximity to the port city, as one would imagine that the cost of transportation is significantly influenced by geography.

Countries like Burundi, Rwanda and Mozambique are faced with transporting their product over thousands of kilometres, all while sinking more costs into trying to preserve the quality of the tea and prevent bruising as it is en route to Mombasa. Additional costs must then be accounted for in warehousing and storage of the product leading up to the auction.

What are the possibilities?

With Tanzania set to break Kenya’s hold on the tea trade in Eastern Africa, one cannot help but think of the possibilities this would facilitate.

The most obvious would be reduced transportation and warehousing costs, as the cost of transportation would reduce with reduced distance. Beyond this, however, is the possibility of spurring further economic growth in Tanzania through empowering smallholder farmers and offering them a more easily accessible market to sell their product.

Another opportunity that could prove pivotal is the difference in election cycles between Kenya and Tanzania. Kenya typically holds its general elections in separate years from Tanzania. Should election violence rear its head in any of the states, regional and international tea trade would be poised to adapt and continue without being forced to suspend operations. Even more telling would be the aftermath of such an unwanted scenario on the auction that is hit by this, as rebounding may end up not being as easy in the presence of a regional competitor.

The tea trade has shown its resilience over the years, having bounced back from the political turmoil of Kenya’s post-election violence, to maintaining its importance to African economies during a global pandemic.

Having a duopoly of sorts will be interesting to watch, as the possibility of undercutting each other’s sales presents a unique dynamic to the relationships of the two states, as well as setting the stage to observe who will take their product to the new auctions and who will stick with Kenya.

One thing is for certain. The power dynamics will be interesting to watch.

¹ Start of tea auction in Dar a boon for Tanzanian farmers - The Citizen

²The Mombasa Tea Auction - East Africa Tea Trade Association - East African Tea Trade Association (

³Kenyan violence halts Rwanda tea auction | The New Times | Rwanda

Uganda: Tea Industry Stalls As Mombasa Auction is Suspended -

Kenya's turmoil could cost economy $1bn (

Download (

Coronavirus: John Magufuli declares Tanzania free of Covid-19 - BBC News

UN rights chief Bachelet condemns Tanzania election violence | | UN News

Samawati Research: The Evolution of the East African Tea Trade

June 18, 2023

Samawati Capital Partners supported in the closing of a USD 15m term loan to fund the expansion and working capital demands of a Tanzania milling business through the Africa Agriculture and Trade Investment Fund.

The milling business is affiliated with other local businesses operating across various sectors in Tanzania and has in recent years expanded its operations to include food processing. It has an existing mill that has been operating at capacity, processing 150MT/day of wheat for local market consumption. This has necessitated increasing its milling capacity to 500MT/day by adding a second mill, therewith enhancing its operations to meet the growing market demand for wheat-based products in the region.

The investment supports local value addition and import substitution as the company has ongoing initiatives to improve the standards of wheat crop grown locally, hence increasing its sourcing from local farmers.

Closing of USD 15m Term Loan with Tanzania Miller Amsons

June 18, 2023

Samawati Capital Partners supported in closing a EUR 20m trade finance facility with Phoenix Commodities through the Africa Agriculture and Trade Investment Fund. Phoenix is a global food and agri business operating across the value chain in production, procurement, processing, trading, and distribution across five continents. Its activities are managed through more than 25 offices that connect over 70 origin and destination markets. Its team of 2,500-plus manages more than 45 supply chain assets and facilitates the production and/or trade of 12m+ MT of essential commodities and goods, supplying moe than 4,000 customers worldwide.

The EUR 20m facility with a tenor of 4 years will be used for the purchasing and export of cashew nuts from Côte d’Ivoire. With the country being the world’s largest producer of cashew nuts, increased exports will benefit not only the larger economy, but also those working across this agricultural value chain. Phoenix plans to invest in processing units in the continent for different commodities which will support the aim of having more value remain on the continent.

Closing of EUR 20m trade finance facility with Phoenix Commodities Pvt Ltd

June 18, 2023

Samawati Capital Partners supported in the closing of a USD 5m facility to Mount Meru Millers Zambia through the Africa Agriculture and Trade Investment Fund. Mount Meru belongs to the larger group of Mount Meru companies in Southern- and Eastern Africa active in the food processing, logistics, construction, and petroleum sectors. The company produces edible oils and feed cakes as well as several smaller by-products from soya, sunflower, cotton, and palm oil. Products are sold in local and regional markets. Mt. Meru buys 95% of the inputs from local commercial farmers and aggregators/traders while 5% is sourced from smallholder farmers.

AATIF’s loan of USD 5m with a tenor of seven years will be used to fund the expansion of the refinery capacity, (silo) storage capacity, processing capacity, and packaging units in Zambia. Furthermore, AATIF seeks to work with the company on its local sourcing strategy, increasing its engagement with smallholder farmers producing sunflower and cotton seeds for further processing at Mount Meru Millers.

Closing USD 5m Term Loan with Mount Meru Millers Zambia

June 18, 2023

In August 2018, Samawati Capital Partners supported the Africa Agriculture and Trade Investment Fund in closing its latest transaction, a USD 11m CMA facility to African Milling Limited (AML) in Zambia. AML is an established family business that has been running a wheat and maize mill since 2006. This collateral-based facility, the first of its kind for AATIF, will enable AML to purchase wheat and maize locally from smallholder and commercial farmers in Zambia.

This investment is in line with AATIF’s objectives of fostering local value addition and regional trade of key staple foods. Maize will be processed into breakfast meal, roller meal, and maize bran used for stock feed, while wheat will be processed into wheat flour for human consumption and wheat bran used as livestock feed. Final products will be packaged and sold on the local and regional markets in East and Central Africa.

The working capital and CMA facility has subsequently been renewed on an annual basis from April 2019, maintaining the same structure, while crowding in other financiers through syndication of the facility. AML has contributed to local value addition through its local processing facilities for maize and wheat and further engages in regional trade with export to markets such as DRC and others.

Closing of USD 11m CMA Facility with African Milling Limited in Zambia

News from Samawati Capital Partners