Verdant Capital, a Mauritius-based corporate finance firm operating across Africa, recently informed MicroCapital that it has raised loan funds totaling USD 7 million for Ferme Agro-Pastorale Jambo, which grows and mills maize flour in the Democratic Republic of Congo. The identities of the investors remains confidential. In March 2018, Ferme Jambo brought Jambo Breakfast Meal to market in the Greater Katanga region, where 70 percent of flour is imported. Founded in 2014, the firm has cleared 2,000 hectares of land. Its executives expect the new funding to allow it to increase its yield to 64,000 tons by 2023. The projected yield per acre is 8 tons. Among Ferme Jambo’s social responsibility plans is to open a “technical skills development centre” in the town of Malambwe.
Verdant, which has offices in the Democratic Republic of Congo, Ghana, Mauritius and South Africa, served as sole financial and manager on the loan package. Verdant provides capital raising and financial advisory services as well as assisting in mergers and acquisitions.
Sources and Additional Resources
Verdant news item
http://verdant-cap.com/ferme-jambo-feeding-the-future/
Verdant homepage
http://verdant-cap.com/
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