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