“It was my first experience attending the Dealroom in October 2020. I went into the Dealroom seeking funding for the expansion and growth of my business. I was looking for Debt/Equity capital. The purpose of the capital was to expand my product lines some of which are to source funding for buying more farm commodities in the 2020 season which has currently started and also to seek capital to start value addition in food processing.”
We came to the AGRF Dealroom 2020 seeking capital to grow within the potato space by improving the sourcing of raw materials to a level that would support an efficient running of the processing plant, and enable the development of new products through processing line investment for the retail/B2Cmarket that remains largely underserved.
“Participating in the Dealroom was an exciting one for me and my team. The Dealroom gave us the opportunity to interact with industry experts and other professionals in other sectors. We really wanted to source for capital to expand our business and scale out. We were out to look for debt financing. “
Josephine Okot (Managing Director, Victoria Seeds Limited) said the AGRA Dealroom was the best representation of the ACFTA at work. Okot, who had at least eight (8) Dealroom meetings, said AGRA was able to match-make SME’s and companies from so many African countries that it felt like country barriers had disappeared. “…suddenly I spoke to Ethiopia, the border has vanished and I saw opportunities [there].
Abdul Kalokoh (CEO, Rubicon Agricultural Production and Processing Limited), was looking for investment between US$25 million to US$30 million and he said the Dealroom prospects were good. “Well, so far so good. It’s very promising and it’s very encouraging. We see that the capital providers are sought of very interested in putting money in Africa provided the project proposals are right for the investments.”
Guadensia (Manager Of G2L Company Limited, Tanzania) noted that G2L Company intended to start a baby food project (Instant) which will need at least 75% of maize, 5% of soybeans and 20% of other nutritional crops. To achieve this the project will require between US$1.5 million to US$4 million from banks or investors…