UK investment vehicle Silk Invest has established a fund to explore opportunities to invest in the pan-African food industry.
The London-based asset management firm, which specialises in emerging markets, has set up an EUR100m (US$136m) Africa Food Fund, a spokesperson for the group told just-food today (13 April).
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The Africa-wide fund will focus on investments in food processing firms.
“It will focus on the processing and consumer side of things rather than commodities,” the spokesperson said. “We are looking for established companies with positive cash flows and the opportunity to expand.”
