Daniel Hulls CEO 15 th March 2017 Agribusiness creation and development Invest and develop early stage farming and agri processing businesses Longterm debt and equity from US250000 to US10 million ID: 577764
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Building profitable agribusiness in SSA
Daniel Hulls, CEO15th March 2017Slide2
Agribusiness creation and development
Invest and develop early stage farming and
agri
-processing businesses
Long-term debt and equity, from US$250,000 to US$10 million.
Hands on TA / Business support to bring to profitability
Presence in 8 countries in Sub-Saharan AfricaInvesting to de-risk and create additional investment opportunity
Introduction to AgDevCo
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4,500
sustainable JOBS Created
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NUMBER OF INVESTMENTS
$90M
COMMITTED INVESTMENTS
160,000
FARMERS linked TO MARKETS
ENHANCING FOOD SECURITY
IMPROVED COMMUNITIES
Not for profit, but commercial investment capability deploying UK AIDSlide3
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$2m investment in maize trading and milling business in MozambiqueSlide4
Developing portfolio….
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$10m investment in 3,000 ha irrigated rice farm in TanzaniaSlide5
$2m investment procurement and storage business in ZambiaSlide6
Photo: NWK Grain Handlers
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$4m with
Westfalia in greenfield avocados in MozambiqueSlide7
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$2m investment in co-operative sugar
outgrower business supplying IllovoSlide8
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$450k investment in co-operative sugar
outgrower business supplying IllovoOutgrowers with access to market and modern inputs can prosperSlide9
Key lessons
Very few investments that meet standard PE requirements. Have to be prepared to be in very early; and work hard alongside entrepreneur.
Investing green and brownfield – have to be prepared to invest in supporting infrastructure
Keep overhead low and in line with cashflow.For high-value crops; need to be prepared to invest long-term (min.4-5 years) before real cash flow.
Land issues need to be dealt with sensitively and in the interest of the community.Commercial v small-scale is a false distinction.Daniel Hulls (CEO) dhulls@agdevco.com Key Lessons
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