Afrimac

Leading consortium of macadamia nut processors in central Kenya. 

Investment information

$2,500,000
Committed investment
$2,000,000
Investment made
Processing
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

21,000
Smallholder farmers linked to market
$150

Increase in smallholder farmers' annual income

124

Jobs created / maintained

Smallholder farmers linked to market

Increase in smallholder farmers' annual income

Jobs created / maintained

Our role

Alongside Root Capital, AgDevCo provide $5m financing to the Afrimac ‘consortium’ for the purchase of macadamia nuts from over 60,000 smallholder farmers. Afrimac was founded in 2012 by expert Mr. Johnson Muhara and operations have expanded rapidly since then to become a significant global player. The consortium includes partnerships with Sagana Nuts, The Village Nut and Jumbo Nut. All processing facilities are located in prime macadamia growing areas in central Kenya and support their local communities fulfilling Afrimac’s mission to bridge the gap between sourcing and producing top quality macadamia.

*Number of smallholder farmers directly attributable to AgDevCo finance.

Our investments in Kenya

Investment Total invested Investment type Start date
Afrimac $2,500,000 Debt / Equity 2019