AgDevCo history

TODAY, WE ARE A LEADING INVESTOR IN THE AFRICAN AGRICULTURE SECTOR
WITH AN EXPERIENCED TEAM, MAKING A STRONG SOCIAL IMPACT
IN THE AFRICAN COMMUNITIES WHERE WE OPERATE.

 The timeline below traces our history from 2008 when the idea behind AgDevCo was conceptualised.

2008

  • The idea behind AgDevCo conceptualised. 

 

2009

  • AgDevCo incorporated as not-for-profit distribution organisation, registered in the UK. Activities in Mozambique started, with support from the Norwegian government and others.

 

2010

  • AgDevCo provides the first round of loans to six start-up agricultural businesses in Mozambique as part of the Beira Agricultural Growth Corridor (BAGC) initiative.
  • AgDevCo is invited by the Government of Ghana to assist in developing commercial agricultural projects.
  • AgDevCo receives funding from the Royal Norwegian Embassy in Mozambique.

 

2011

  • AgDevCo receives a number of grants, including from the Small Foundation, to expand activities, strengthen operational capabilities and increase investment in Mozambique.
  • AgDevCo plays an early role in developing the Southern Agricultural Growth Corridor of Tanzania initiative.
  • AgDevCo receives funding from the UK Department for International Development (DFID) and the Dutch Directorate-General for International Cooperation (DGIS).  Also receives funding from the Small Foundation.

 

2012

  • AgDevCo team expanded to 25 staff.
  • First investments announced in Tanzania and Zambia.
  • AgDevCo office opened in Zambia.

 

2013

  • AgDevCo receives further support from the UK's DFID to expand its activities, as well as from the Small Foundation.
  • AgDevCo Malawi established and Tanzania office opened.

 

2014

  • AgDevCo’s fifth anniversary.
  • AgDevCo receives funding from DFID Mozambique for country-specific activities.
  • New initiatives underway, including  working capital facility, and a dedicated smallholder farmer support programme.

 

2015

  • Further funding received from DFID for expansion into Uganda.
  • Launch of LAFCo, a working capital facility that focuses on African agribusinesses, in conjunction with KfW and Root Capital.
  • The MasterCard Foundation also provides funding for the Smallholder Development Unit.
  • AgDevCo office in Uganda opened.