PHOENIX SEEDS

Our social impact
livelihood
IMPROVED LIVELIHOODS

39,027 farmers have benefited from access to affordable improved seed varieties, which could increase yields by 30%. 25 outgrowers have been contracted to produce seed.
Lift in income
UPLIFT IN INCOME
In 2016, contracted smallholders received an income of c.$600 and farmers who bought seeds from the company had an income boost of $87 through increased yields.
Food security
FOOD SECURITY
An increased smallholder production of maize, soya, cowpeas, pigeon peas, and sugar beans is providing surplus food and income and improving food security.
Community
IMPROVED COMMUNITIES
Outgrowers are given technical advice. Through a JV with NCBA Clusa; Agro-dealers receive help to market seeds and establish demo sites, which teach improved crop management and conservation farming practices.
Overview
The Challenges

Phoenix Seeds is a processing, packaging and marketing company located in Vanduzi-Manica. In the past, nearly all smallholders were constrained by low productivity due to poor quality self-produced seed bought and sold informally. The government and NGOs have struggled to help smallholders with the required quantity of certified seeds. Phoenix seeds was established in 2010 as the first Mozambican seed company to both produce and register seed with the aim of providing access to good quality seed at affordable prices to Mozambican farmers.

Our Approach

AgDevCo, on behalf of the BAGC, has invested in equity and also provided shareholder loans worth $707k to support this high-profile project in the Mozambican agricultural sector. AgDevCo has enabled seed production to be expanded from 71 ha to 142 ha in 2014/2015 and a processing facility to be constructed.  With two seats on the Board, AgDevCo also provides important strategic and operational support to the management team, and has raised $800k of interest-free financing from the Africa Enterprise Challenge Fund.

Our Impact
  • 667t of seeds sold to 39,027 farmers, above budget.
  • 52,700 farmers received promotional seed packs of 50g.
  • $7.3m of value created for smallholders.
  • Partnered several organisations such as AECF, NCBA CLUSA and Syngenta for sunflower trials.
investment
$707,000
Committed Investment
We believe we can deliver more impact by making investments that help responsible agribusinesses grow.
If you believe your business meets our investment criteria, we want to hear from you.
Contact us