← All fundsSahel Capital
Public data, unclaimed profileInvestment manager focused on food and agriculture in Sub-Saharan Africa, AVCA member. Three vehicles: FAFIN (agribusiness SMEs in Nigeria); SEFAA, launched with KfW (USD 24m), providing structured debt — working capital and capex — to agribusiness SMEs in 13 Sub-Saharan countries; Sahel Capital Agribusiness Fund II, a blended-finance growth equity fund (USD 75m target, USD 29m first close in December 2025; Nigeria, Ghana, Côte d'Ivoire, Senegal). In 2026: USD 0.65–2.4m loans through SEFAA (cocoa, coffee, grains) and a significant minority stake in Delifrost (cold chain, Nigeria).
Investment thesis
- Investment ticket
- 650 k$ – 5 M$
- Instruments
- Equity, Quasi-equity, Senior debt
- Preferred sectors
- Agribusiness
- Target geographies
- Nigeria, Ghana, Senegal, Côte d'Ivoire, Uganda
- Stages (based on reference deals)
- GrowthDebt
Team and contacts
- Deji Adebusoye — Partner
- Zakayo Ngetich — Vice President — East & Southern Africa
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Reference deals
Recent public deals: they say better than a thesis what the fund actually signs.
Noma Services Consolidated
September 2026 · NigeriaDebt650 k$Senior debtAgribusinessLead
Activity : Grains and field crops
Instrument : Working capital loan · Vehicle : SEFAA
Nigerian agribusiness specialising in the aggregation and processing of rice, maize, sorghum and beans, sourcing from a smallholder network.
Why they invested
- Deepen aggregation capacity and strengthen operations
- Direct impact on the network's smallholder farmers
- Scalable agribusiness in staple food value chains (food security)
- Legal counsel: Duale Ovia & Alex-Adedipe (for SEFAA)
Source : linkedin.com
Zigoti Coffee Works
March 2026 · UgandaDebt1 M$Senior debtAgribusinessLead
Activity : Cocoa, coffee and export crops
Instrument : Loan facility · Vehicle : SEFAA
Ugandan coffee processor and exporter (robusta and arabica), four decades in the sector, network of more than 4,000 smallholder farmers.
Why they invested
- Deep regional expertise and strong track record across the value chain
- More than 4,000 smallholder farmers supported (extension, training)
- Global competitiveness of Ugandan coffee
Source : innovation-village.com
Rasad Nigeria
February 2026 · NigeriaDebt1.5 M$Senior debtAgribusinessFollow-on
Activity : Cocoa, coffee and export crops
Instrument : Working capital loan (increased facility) · Vehicle : SEFAA
Family-led agribusiness (Ogun State) aggregating cocoa and cashew from more than 1,000 smallholders and aggregators; "Rasad 2.0" strategy with the Axias Global spin-off for export and processing.
Why they invested
- Strong operational discipline and consistent growth
- Increased facility: confidence in execution capacity
- Liquidity during peak buying seasons, farmer relationships
Source : africaprivateequitynews.com
Kuapa Kokoo
January 2026 · GhanaDebt2.4 M$Senior debtAgribusinessFollow-on
Activity : Cocoa, coffee and export crops
Instrument : Working capital loan (renewal) · Vehicle : SEFAA
Farmer-owned cocoa cooperative; the loan funds increased working-capital needs for cocoa procurement.
Why they invested
- Farmer-owned institution delivering real value to smallholders
- Renewal of earlier financing: repayment track record
Source : africaglobalfunds.com
Delifrost Caterers
January 2026 · NigeriaGrowthUndisclosed amountEquityLogisticsLead
Activity : Warehousing and cold chain
Instrument : Significant minority stake · Vehicle : Sahel Capital Agribusiness Fund II
Integrated cold-chain distribution platform for chilled packaged foods in Nigeria. First investment of Sahel Capital Agribusiness Fund II.
Why they invested
- Nigeria's leading integrated cold-chain platform
- Cold-chain efficiency and lower carbon footprint in food distribution
- Stronger governance and institutional capacity
Source : africaglobalfunds.com
In short
Sahel Capital invests tickets ranging from 650 k$ to 5 M$, across the following sectors: Agribusiness, in the following areas: Nigeria, Ghana, Senegal, Côte d'Ivoire, and Uganda. Check in 30 seconds whether your company fits these criteria.
