East Africa Magical Farms

EMF is a leading premium carnations producer with farms in Ethiopia and Kenya.

Investment information

$9,000,000
Committed investment
Primary production
Primary value chain focus
Committed investment
Primary value chain focus

Expected impact

400
Jobs created
180
Jobs for women
$550
Annual income
Jobs created
Jobs for women
Annual income

Our role

EMF is a leading premium carnations producer with farms in Ethiopia and Kenya. Our $9.0m mezzanine loan will support the expansion into two further farms in Kenya enabling the company to increase its production by 40 hectares. The expansion will provide valuable employment and training opportunities for local communities in the Naivasha region, with employee numbers expected to reach 600 FTEs. The company is actively exploring the future use of sea freight to minimise its carbon footprint.

Our investments in Kenya

Investment Total invested Investment type Start date
East Africa Magical Farms $9,000,000Debt / Equity2023
Evergreen Avocado Limited $8,000,000Debt / Equity & Technical assistance2023
FEAV $6,500,000Debt / Equity2024
Sagana Nuts $1,200,000Debt / Equity2021
Victory Farms Limited - Debt / Equity & Technical assistance2021