AgDevCo Covid-19 Update

March 19, 2020

Dear Clients, Colleagues and Supporters 

With the spread of Covid-19, we face challenging times both in our African countries of operation and in our home base in the UK.  The wellbeing of our staff and contractors, and our investees, their workforces and suppliers is our priority.  AgDevCo has taken a range of measures to address these matters and to maintain business continuity. 

We have suspended all non-essential international and in-country business travel and our teams are working from home.  Whilst we anticipate that we may be affected by periods of operational resource constraints we are actively planning for business continuity and to maintain our levels of engagement and support to our investees, funders and potential future partners.  

Our finance team will maintain full operations supporting disbursements and payments and our investment teams will continue to fully support our portfolio companies and pipeline.  We are building in alternates for all key person roles.  The executive and investment committees, Board and Board committees have already successfully transitioned to an on-line operational model. 

We have shared some preliminary ideas on resilience planning with our investees and will continue to work with and support them in the months ahead.

We are and will continue to be open for business and new investment opportunities and to support our portfolio in the challenges ahead.  AgDevCo’s work investing debt and equity, and providing hands-on support to establish and develop commercial-scale agribusinesses in Africa will be more important than ever.  We will strive to maximise our impact and value add by working closely with partners to navigate the challenging times ahead.

Best wishes 

Daniel Hulls,

CEO AgDevCo