The Swedfund, British International Investment (BII), and Norfund have announced a joint Sh11 billion ($85 million) equity investment in AgDevCo, a specialist investor dedicated to transforming agriculture in Sub-Saharan Africa, including Kenya.
The funding, comprising up to Sh2.6 billion ($20 million) from Swedfund, Sh6.5 billion ($50 million) from BII, and Sh1.9 billion ($15 million) from Norfund, will support high-impact agribusinesses, strengthen food systems and improve food security in rural communities.
