Agrivision Africa is a vision built from over a century of African family farming experience, from what was recognized as one of the most reputable production engines to serve the amalgamated interest of Agriculture in Zimbabwe at the peak of its production performance on a global scale.
The foundations of this was formed through the interaction of a London based private equity firm to form Chayton Atlas, in May 2008, with the intention to raise a fund of $ 250 million of agricultural assets in Sub Saharan Africa, building the ‘Soil to Shelf ‘ model through value chain addition.
Following two years of fundraising and building the pipeline investment, seed capital was deployed in 2010 through Chayton Africa to acquire Parklands farm in Mkushi Zambia.
Zambia was chosen for its suitability in terms of stability and regional position, also as a net food importer at the time. Early loans were sought from Deutsche Bank (AATIF) to develop the irrigated footprint to a 1 500 ha irrigated farm model.
In 2012 Norfund committed to the investment. Zeder Investments Limited bought out the private equity participation of Chayton to form Agrivision Africa in the same year. Further resources were committed to the business to expand the production base through the acquisition of Somawhe Estate in 2013. A further investment was made the following year in acquiring Mpongwe Milling in the Copperbelt of Zambia. The IFC also bought a stake in Agrivision in 2014.
Agrivision Zambia in its current format produces just on 10 000 ha of annual crop production over the combined summer and winter cropping programs. The winter cropping program produces about 10% of Zambia’s total wheat crop.
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