Allectus acted for Agris, a diversified agricultural investment company that supports more than 14,000 smallholder farmers throughout Africa, in relation to an equity  investment from AgDevCo

AgDevCo released a full press release about the deal:

 


AgDevCo in equity investment deal with Agris for growth of fresh-food production and distribution in East Africa.

PRESS RELEASE – Nairobi

Specialist agriculture investor AgDevCo has made an equity investment, for a significant minority position, into East African agribusiness platform Agris – the agriculture division of Maris Ltd. The investment will support the growth of Agris’ production and distribution of highquality herbs, vegetables, and avocados from its farms in Kenya, serving domestic and international markets. “The Agris team has already built three impressive agriculture businesses in Kenya. We’re excited about deepening our partnership in East Africa, with the aim to promote food security, create jobs in rural areas and help drive the development of world-class agroindustries,” said Chris Isaac, AgDevCo’s CIO.

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