Amfri Farms Ltd has secured a 1.32 million Euros, ( about Shs5.49b) investment from FCA Investments and Yield Uganda Investment Fund managed by Pearl Capital Partners. Of the investment, partially structured as convertible preference shares, 60 per is convertible into equity.
The funding aims at providing long-term ”patient capital” to Amfri Farms to enable its expansion of production both at its historic and unique nucleus estate, Kyampisi in Nakaseke, and among the network of certified organic smallholder farmers, as well as increasing processing capacity and access to a burgeoning organic food market.
