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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Sahel Capital provides $590K financing to Rasad Nigeria to strengthen cocoa and cashew operations
    Deji Adebusoye, Partner at Sahel Capital

    Sahel Capital provides $590K financing to Rasad Nigeria to strengthen cocoa and cashew operations

    0
    By Tapiwa Matthew Mutisi on August 8, 2025 Africa, Agriculture, Funding, Investments, Nigeria

    Sahel Capital, a leading investment management firm dedicated to advancing food and agriculture across sub-Saharan Africa, has successfully closed a $590,000 loan facility with Rasad Nigeria through its Social Enterprise Fund for Agriculture in Africa (SEFAA). This strategic funding package is structured to support both operational and growth needs, with $450,000 allocated for working capital and $140,000 earmarked for capital expenditure.

    Rasad Nigeria is a family-run agribusiness based in Ogun State, Nigeria. The company plays a pivotal role in the agricultural value chain by aggregating cocoa and cashew nuts from a network of over 1,000 smallholder farmers and local aggregators. Rasad supplies these commodities to both domestic and international markets, contributing significantly to Nigeria’s agricultural exports.

    Deji Adebusoye, Partner at Sahel Capital, commented on the partnership:

    Rasad is making a meaningful impact in Nigeria’s cocoa sector by helping smallholder farmers access reliable markets. Their proactive sourcing strategy, including expansion into border communities, has helped the company maintain year-round procurement cycles and manage commodity price volatility.

    Sahel Capital currently manages two major funds:

    • Fund for Agricultural Finance in Nigeria (FAFIN) – focused on equity and quasi-equity investments in small and medium-sized agribusinesses within Nigeria.
    • Social Enterprise Fund for Agriculture in Africa (SEFAA) – primarily provides structured debt financing to agribusiness SMEs across 13 countries in sub-Saharan Africa.

    In addition to these funds, Sahel Capital is actively raising capital for its next investment vehicle, the Sahel Capital Agribusiness Fund II, which will target agribusiness opportunities across West Africa. Legal advisory for the SEFAA-Rasad Nigeria transaction was provided by Jackson, Etti & Edu, a prominent law firm known for its expertise in corporate and commercial law.

    Sahel Capital invests $1M to boost Kenya’s aquaculture sector through Camino Ruiz

    Related

    Africa Agribusiness Agriculture Business Cashew Processing Cocoa Farming Funding Investments nigeria Rasad Nigeria Sahel Capital SEFAA Social Enterprise Fund for Agriculture in Africa
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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