Fanisi Capital invests US$6mn in Tanzanian agribusiness

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font-size:11px; color:#333333;">Egypt's Exports Of Fruits And Vegetables Could Significantly Increase In 2023<br> <a href="detail_news.php?newsid=411&pageid=2&t=Egypt's Exports Of Fruits And Vegetables Could Significantly Increase In 2023" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Morocco's Fish Exports in 2022 Reached a Record $2.7 Billion<br> <a href="detail_news.php?newsid=410&pageid=2&t=Morocco's Fish Exports in 2022 Reached a Record $2.7 Billion" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Fruit And Vegetable Export Crates Made by Silafrica Win Packaging Innovation Of The Year.<br> <a href="detail_news.php?newsid=409&pageid=2&t=Fruit And Vegetable Export Crates Made by Silafrica Win Packaging Innovation Of The Year." target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Mexico Targets More Food Commodities To Africa<br> <a href="detail_news.php?newsid=408&pageid=2&t=Mexico Targets More Food Commodities To Africa" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Milk Production Rises 15,24% In Just 11 Months<br> <a href="detail_news.php?newsid=407&pageid=2&t=Milk Production Rises 15,24% In Just 11 Months" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">To improve its Mkhondo paper plant in South Africa, Mpact invests US$69M.<br> <a href="detail_news.php?newsid=406&pageid=2&t=To improve its Mkhondo paper plant in South Africa, Mpact invests US$69M." target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Ethiopia: Country Procures In excess of 41 Million Bucks from Meat Commodity Exchange Five Months<br> <a href="detail_news.php?newsid=405&pageid=2&t=Ethiopia: Country Procures In excess of 41 Million Bucks from Meat Commodity Exchange Five Months" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Kenya to reap from increased Chinese fruit trade<br> <a href="detail_news.php?newsid=404&pageid=2&t=Kenya to reap from increased Chinese fruit trade" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">ALPLA establishes a new production facility in South Africa as a plastic packaging and recycling specialist<br> <a href="detail_news.php?newsid=403&pageid=2&t=ALPLA establishes a new production facility in South Africa as a plastic packaging and recycling specialist" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Launch of the Packaging Hub for Small Businesses<br> <a href="detail_news.php?newsid=402&pageid=2&t=Launch of the Packaging Hub for Small Businesses" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Bulk container usage is on the rise throughout Africa.<br> <a href="detail_news.php?newsid=401&pageid=2&t=Bulk container usage is on the rise throughout Africa." target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Agricultural film a modern-day application in many innovative agricultural practices in Africa<br> <a href="detail_news.php?newsid=400&pageid=2&t=Agricultural film a modern-day application in many innovative agricultural practices in Africa" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Agriculture stakeholders in Africa promise to take more steps to increase food production.<br> <a href="detail_news.php?newsid=399&pageid=2&t=Agriculture stakeholders in Africa promise to take more steps to increase food production." target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">The Department of Forestry, Fisheries and the Environment gave Polyco approval for its extended producer responsibility (EPR)<br> <a href="detail_news.php?newsid=398&pageid=2&t=The Department of Forestry, Fisheries and the Environment gave Polyco approval for its extended producer responsibility (EPR)" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; 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margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Kenya Bureau of Standards (KEBS) sets packaging standards for agricultural products.<br> <a href="detail_news.php?newsid=386&pageid=2&t=Kenya Bureau of Standards (KEBS) sets packaging standards for agricultural products." target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Plastic still holding the upper hand on packaging in Africa<br> <a href="detail_news.php?newsid=385&pageid=2&t=Plastic still holding the upper hand on packaging in Africa" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Indian distiller NV Group, ARDA partner in US$250 million brewery project in Zimbabwe<br> <a href="detail_news.php?newsid=384&pageid=2&t=Indian distiller NV Group, ARDA partner in US$250 million brewery project in Zimbabwe" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; 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margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">Canon Partnered With The Kenya Film Commission To Promote The Kenyan Film Industry Locally And Internationally<br> <a href="detail_news.php?newsid=291&pageid=2&t=Canon Partnered With The Kenya Film Commission To Promote The Kenyan Film Industry Locally And Internationally" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; color:#333333;">DTM Print Launched The Brand New DTM CX86e Color Tag Printer<br> <a href="detail_news.php?newsid=290&pageid=2&t=DTM Print Launched The Brand New DTM CX86e Color Tag Printer" target="_blank" ><b>Read more...</b></a></div> <div style="border-bottom:#666666 1px dotted; margin-top:0px; width:192px;"></div> </li> <li class="news-item"> <div style="padding-left:0px; font-size:11px; 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"/> <div style=" font-size:15px ; color:#666666; "> <p>Private equity firm Fanisi Capital has announced that it had bought a minority stake in a Tanzanian agro-processing company for US$6mn, expanding its footprint in the region </p> <p>The Kenya-based firm is focussed on East Africa's fast-growing economies. Its announcement said it had acquired a significant minority stake in Kijenge Animal Products Limited (Kijenge), a mid-sized maize flour milling, animal feed milling and poultry production firm based in the northern Tanzanian town of Arusha.</p> <p>"This deal marks our first transaction in Tanzania and is in line with our sectoral focus areas of agribusiness in the East African region," said Tony Wainaina, managing partner at Fanisi Capital.</p> <p>The agribusiness company is planning its next growth phase that will see it grow and diversify its revenues by upgrading its current production infrastructure and introducing new production lines.</p> <p>Commenting on the transaction, Kijenge's chairman, Andrew Mollel, said, "This partnership provides us with growth capital which will enable us to diversify our product offering and further support our customers' needs."</p> <p>Fanisi Capital has a US$50mn fund which is backed by the International Finance Corporation, Norfund, Proparco, Finfund, Soros Economic Development Fund and Ludin of Canada.</p> <p>The private equity firm has also invested in a meat processor in Kenya and a grain handling business in Rwanda. 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Fanisi Capital invests US$6mn in Tanzanian agribusiness