Feed the Future
December 5, 2012
In 2011, USAID, together with six partners, announced a first-of-its-kind effort to invest $25 million in the African Agricultural Capital Fund (AACF) which will deliver much needed growth capital to boost the productivity and profitability of Africa’s undercapitalized agriculture sector.
Over the next five years, Pearl Capital Partners, a specialized African agricultural investment fund manager based in Kampala, Uganda, will invest the AACF’s $25 million in at least 20 agriculture-related businesses in East Africa. The investment infuses equity and expertise into a sector that has suffered from under-investment, and paves the way for raising the productivity and incomes of at least a quarter of a million households.