East African Agricultural Fund Raises $25 Million From Backers
African Agriculture Capital Fund, set up by the Rockefeller Foundation, the Gatsby Charitable Foundation and Volksvermogen NV, raised $25 million to support emerging farmers in East Africa, the fund’s manager said.
Pearl Capital Partners Uganda, a unit of Mauritius-based Pearl Capital Partners, will manage the fund, which is expected to launch on Sept. 27 in Kampala, the Ugandan capital, the investment group said in an e-mailed statement today.
The money has been raised from the Gatsby Foundation, the Rockefeller Foundation, the Bill and Melinda Gates Foundation, and New York-based J.P. Morgan Chase & Co., PCP Uganda said.
To contact the reporter on this story: Fred Ojambo in Kampala via Nairobi at firstname.lastname@example.org
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