CLOSING OF USD 675,000 FUNDING LINE FOR ROGATHE DAIRY FARM PRODUCTS LIMITED WITH SAHEL CAPITAL
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. sahelcapital.com
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. sefaafund.com