The International Finance Corporation (IFC) has announced a proposed investment of up to $15 million in the Phatisa Food Fund III, alongside an additional $10 million co-investment envelope to support targeted opportunities within the fund’s portfolio.
Phatisa Food Fund III is a mid-market growth private equity fund dedicated to strengthening Africa’s food and consumer value chain. Its strategy focuses on investing in businesses that enhance food security, improve agricultural productivity, and deliver sustainable solutions across the continent. By backing companies in this space, the fund aims to address critical challenges such as supply chain inefficiencies, access to nutritious food, and inclusive economic growth.
The fund is targeting a total size of $300 million, positioning itself as a key player in mobilizing capital for Africa’s agribusiness and consumer sectors. IFC’s proposed investment reflects its commitment to supporting private equity vehicles that drive impact in emerging markets, create jobs, and foster resilience in essential industries.
