Agribusiness: Sahel Capital Agribusiness Fund II reaches first close at $29m

On 15 January 2026, Sahel Capital announced the first closing of Sahel Capital Agribusiness Fund II (SCAF II), finalised in December 2025. Backed in particular by KfW Development Bank and an American family office, this mixed-financing growth fund had a target of $75 million, and at the first closing, $29 million in commitments were obtained. It will target agribusinesses in Nigeria, Ghana, Côte d’Ivoire and Senegal. The first investment is in Delifrost Caterers Limited, a Nigerian cold chain specialist.