XSML Invests in Robusta Roasting Facility (Sub-Saharan Africa)

Source: XSML

SME-focused private equity fund manager XSML has invested in Café Gbako, a coffee producer and retailer in the Central African Republic. XSML invested from its Central African SME Fund, which is targeting US$25 million in capital commitments. Café Gbako produces and exports Robusta coffee, and plans to use the investment to set up a new coffee roasting facility, which would allow Café Gbako to end its current practice of outsourcing the coffee bean roasting process. Financial details of the transaction were not disclosed.