AAF SME Fund Invests in Madagascar Organic Fertilizer Company (Sub-Saharan Africa)

Source: Databank Agrifund Manager

Pan-Africa focused private equity group Databank Agrifund Manager Limited’s AAF SME Fund, a sub-fund of the Africa Agriculture Fund, which in turn is managed by private equity fund manager Phatisa, has invested in Madagascar-based Guanomad, a producer of guano-based organic fertilizer. The financing is intended to increase the reach of Guanomad’s fertilizer products. Financial details of the transaction, which included a mix of equity and mezzanine funding, were not disclosed.