We are a specialist agriculture investment firm that has been investing in small and medium sized East African agribusinesses since 2006. Our investments generate financial returns for our investors while creating significant social impact. Our success is derived from working with ambitious management teams, providing supportive investment structures and specialist expertise that create high-growth agribusinesses.
Our investments strengthen agricultural sub-sectors and use smallholder farmer networks to generate significant income for millions of families across East Africa. The byproduct of this growth is that it creates financial returns for us and our investors.
PCP has the pleasure to announce the first closing of our 4th Impact Fund, the Yield Uganda Investment Fund, devoted to small and growing agribusinesses with a total committed amount of €12m. The Fund is anchored by €10m from the European Union (EU) through the International Fund for Agricultural Development (IFAD) and €2m committed by the National Social Security Fund Uganda (NSSF).
AACF’s investors are the Rockefeller Foundation, the Bill and Melinda Gates Foundation, The Gatsby Charitable Foundation, JP Morgan Chase Social Finance and USAID. The investors have collectively invested US$25 million for the fund plus a technical assistance facility of US$1.5 million from USAID. AACF invests in high growth business in the agricultural value chains in East Africa. AACF has invested in 8 businesses in Uganda, Kenya and Malawi..
The Alliance for a Green Revolution in Africa (AGRA) is the sole investor in ASIF where it invested US$12 million. ASIF’s mandate is to provide affordable risk capital to seed companies to improve the delivery of quality certified seed to smallholder farmers. ASIF invests in qualifying business in eight countries namely Kenya, Tanzania, Uganda, Rwanda, Ethiopia, Mozambique, Malawi and Zambia. ASIF is now fully invested with 13 investees across the East and Southern African region..
AAC was established as an investment company in 2005 with the following investors: The Gatsby Charitable Foundation, Rockefeller Foundation and Volksvermogen NV, a Belgian investor. The investors collectively invested US$9 million in AAC.
AAC invested in high-growth SMEs, achieving a commercial return which while impacting large numbers of smallholder farmers by bringing them into markets. The fund fully invested the US$9 million in 16 businesses.
BUSINESS DEVELOPMENT SUPPORT (BDS) FACILITY
The BDS facility is a grant provided by the EU, and implemented by IFAD. The facility is designed to help investee enterprises under Yield Fund towards successful business growth and expansion. Through this facility, investee businesses have access to high quality Business Development & Management Support, provided by highly qualified SME based consultants, particularly in the areas of improving business administration (policies, procedures, internal controls) and financial management systems. The BDS support areas include:
The BDS needs assessment will be part of the due diligence and BDS activities will be operating on a cost-shared basis between the facility and the investee companies.Read more
Sesaco Limited is an agro-processing company, processing and manufacturing soy based products. The Promoter, mooted the idea in 1978, started trading at small scale household levels and consequently registered Sesaco in 1987. The business is currently located at Kyengera trading centre, 9 kilometers from Kampala city center, a prime location providing accessibility to suppliers and markets. Sesaco’s flagship products are soy cup (a decaffeinated instant beverage), soy millet flour and soy maize flour.
The Yield Uganda Investment Fund, set up with financing from the European Union (EU) through the International Fund for Agriculture Development (IFAD) and National Social Security Fund Uganda (NSSF), managed by Pearl Capital Partners (PCP), has made its second investment in Uganda, committing UGX 5.14 billion Shillings to Central Coffee Farmers Association Ltd (CECOFA), a farmer owned primary coffee processor. The fund is on schedule to close a further two agri-business investments over the remainder of the year 2018.