NAIROBI, Kenya and LONDON, Nov 08, 2024 (GLOBE NEWSWIRE) — Specialist agricultural investor AgDevCo is pleased to announce its latest investment in Kenya, in Agventure, a farmer-owned company leading the way in practices regenerative agriculture for non-agricultural populations. -cereal-based irrigated systems.

Agventure was established in 2010 with the mission of enabling Kenyan farmers to develop more sustainable agricultural practices. Agventure consists of a collective of farmers, researchers, educators and entrepreneurs working to model, promote and share regenerative production methods across the food system.

Today, the group supplies over 45,000 tonnes of food crops to the local market, across a range of crops including wheat, barley, corn, canola, sunflower, green peas, chickpeas , lupins, beans and others. Through its Center of Excellence, the company reaches and trains more than 700 small and medium-sized farmers across the country, encouraging them to introduce rotational crops, including canola, into their agricultural system to help promote soil health. Agventure then provides a guaranteed supply of canola seed, which it processes and sells into the Kenyan market.

AgDevCo’s $9.5 million mezzanine loan will allow the company to continue to expand its canola oil production capabilities – it sells oil under the Pure Mountain brand in Kenya – enabling the company to increase its volumes purchased from small producers. This will also help build Agventure Seed’s platform to provide farmers with high-quality, certified seeds.

AgDevCo Managing Director for East Africa, Rebecca Sankar, said: “We are delighted to support Agventure in its journey to add more value to commodity crops, which increases the availability of food. locally produced high quality products for the domestic market and reduces dependence on imports. .”

Agventure CEO Don White said: “Agventure looks forward to working with AgDevCo to grow and strengthen our business and, in doing so, expand the availability of regenerative agriculture solutions to more farmers. »

AgDevCo is a specialist investor in African agriculture, developing sustainable and impactful agribusiness, with $280 million under management. Its vision is a thriving commercial agricultural sector, which benefits both people and the planet by investing in and helping agribusinesses grow, create jobs, produce and process food, and connect farmers to markets. AgDevCo helps its partners work towards climate sustainability and, where possible, regenerative solutions. AgDevCo has made more than 65 investments to date. More information can be found at www.agdevco.com

Sam Hayley, Senior Investment Manager (email protected)

A photo accompanying this announcement is available on