The Voxtra East Africa Agribusiness Fund invests in capital-constrained agribusinesses which play pivotal roles in improving the livelihoods of smallholder farmers.
We invest for profit, but only in companies whose success is tightly linked to improving the livelihoods of smallholder farmers. Our investments enable such companies to grow and create both financial returns and social impact.
Our investments range in size from USD 500,000 to USD 3,000,000. We have invested equity wherever a credible exit strategy exists. In other cases, mezzanine or quasi-equity instruments are used. We hold our investments for periods of 3-7 years, and work to provide our portfolio companies with access to later-stage growth capital.
We actively support our portfolio companies to deliver on their growth plans. We provide strategic advice, but our role extends well beyond discussions at board level. We typically find that we can drive improvements in management systems, sales and marketing and governance. A technical assistance facility funded by the Norwegian Agency for Development Cooperation (Norad) has allowed us to co-finance such improvement initiatives.
The Fund had its first closing in November 2011 and closed at NOK 110 million (approximately USD 18 million). The Fund is as of 2018 fully invested and shall be dissolved by November 2022. Among the shareholders are institutional investors such as Norfund, Gjensidigestiftelsen, Grieg International, and Kavlifondet, as well as private individuals in Scandinavia.