Sahel Capital, a private investment firm focused on agribusiness in sub-Saharan Africa, has reached a $29 million first close for its Sahel Capital Agribusiness Fund II (SCAF II), the firm said in a statement on Thursday, Jan. 15, 2026.
The first close was completed in December 2025, with commitments coming mainly from Germany’s KfW Development Bank and family offices based in the United States, as seen on ECofin Agency.
SCAF II is domiciled in Mauritius and Nigeria and follows Sahel Capital’s earlier Fund for Agricultural Finance in Nigeria (FAFIN). The firm is targeting a final fund size of $75 million, which it expects to reach within the next 12 months.
The fund will invest across the agribusiness value chain in West Africa, with a focus on Nigeria, Ghana, Ivory Coast, and Senegal. These countries account for a significant share of the region’s agricultural output and food consumption.
According to Sahel Capital, SCAF II is expected to help create more than 2,000 direct jobs and improve the livelihoods of about 30,000 smallholder farmers.
Over the life of the fund, it is also projected to contribute to a reduction of roughly 145,000 tonnes of CO₂ equivalent emissions. This impact is expected to come from investments in cold-chain logistics, more efficient processing, and reduced post-harvest losses.
Don’t Miss This:
Niger Partners With Russia On Nuclear Energy, Finalizing Sahel Alliance Agreement
As part of its initial deployment, SCAF II has made its first investment in Nigeria by acquiring a minority stake in Delifrost Caterers Limited, a Nigerian company involved in food distribution using cold-chain management.
Founded in 2010, Delifrost operates cold storage facilities, refrigerated trucks, and food product brands.
Sahel Capital said the investment aligns with the fund’s strategy of backing scalable companies that deliver measurable development and climate outcomes.
“The first close of SCAF II, along with our first investment, demonstrate the strong investor confidence in our strategy,” said Mezuo Nwuneli, managing partner of Sahel Capital.
“We remain committed to building resilient and profitable agribusinesses that address the challenges of food security and climate change in West Africa,” he added.
Through SCAF II, Sahel Capital aims to support the growth of agribusiness players capable of strengthening and structuring West Africa’s food supply over the long term.
Don’t Miss This:
Niger, Mali, And Burkina Faso Intelligence Agencies Set To Expose Nigerian Sponsors Of Insecurity
Image Credit: Sahel Capital
