Phatisa’s African Agriculture Fund commenced operations in January 2011 and has committed investments in excess of US$ 171 million, from Sierra Leone in West Africa to Mauritius in East Africa. This reflects a total of eight portfolio companies across a diverse range of agri and food related businesses.
Phatisa brings a track-record of managing private equity funds and businesses throughout the continent. The African Agriculture Fund focuses on agriculture and food production which is a target growth area for Kanu Equipment.
Phatisa’s aim is to fund expansion opportunities throughout Africa, increasing the rental fleet in response to demand for additional rental equipment and investing in working capital and spare parts inventories. It is envisaged that Phatisa’s expertise in developmental agriculture funding and their extensive African presence will bring deal flow opportunities to Kanu Equipment, allowing the company to reach its objective of becoming the leading distributor of equipment and related spares on the African continent.