ABAX helps AFGRI achieve its business objectives with a range of value-added services
AFGRI is a leading agricultural services company with a core focus on grain commodities and a vision of driving food security across Africa. AFGRI’s strategy aims to not only reduce post-harvest losses but also to materially enhance the combined economy of the region by supporting development and transformation in the agricultural sector.
“AFGRI has embarked on an immensely successful training and mentorship programme for emerging farmers in South Africa and across the continent in support of our dedication to agricultural sector development and transformation,” says CEO Chris Venter. Venter adds that over the past two years, 98 farming entities were supported and 27 farming entities were financed, while AFGRI trained and mentored emerging farmers on accessing markets, storing grain, selling produce in an active market, repaying working capital loans and retaining and investing profits.
ABAX has assisted AFGRI in setting up efficient corporate structures including investment holding companies, trading companies and a centralised treasury and financing arm through which the investments of the agricultural services company into its African businesses are managed. ABAX is supporting AFGRI’s growth by providing management, administration, accounting, payroll for staff in Mauritius and corporate finance services. ABAX Fund & Investor services have also provided AFGRI with expert assistance in establishing the African Agri Commodities Fund. The latter will offer a sustainable and economically viable model for investors interested in investing in grain management, infrastructure and other “impact” projects.
“We are very proud to partner with AFGRI in helping them meet their business objectives and achieve their mission of contributing to food security in Africa”, says ABAX.