LUANDA, ANGOLA – 14th November, 2025 – In a landmark move for Angola's private capital landscape, BFA Asset Management's private credit impact fund - Kimbo Fund - has announced a strategic growth investment in FoodCare, a homegrown agri-food processor that has captured the world's appetite. This first-of-its-kind convertible note transaction is rooted in a compelling data thesis but powered by a mission to champion the overlooked hearts of the Angolan economy.
The numbers tell a story of staggering potential. FoodCare, which expertly processes 25 traditional foods from cassava to mufu and mopane worms, currently operates at a capacity of 84 tons per month. Yet, the world is knocking at its door with monthly international requests for 700 tons—a supply-demand gap of over 800%. Furthermore, with 95% of its products exported to Europe, North America, and South Africa, FoodCare has already a proven global competitive business model, generating positive dollar returns.
"This isn't just an investment; it's a correction of a market oversight," said Rui Oliveira, CEO of BFA Asset Management. "We see a business with immense intrinsic value, trapped between its proven capabilities and its untapped potential. The data is clear: the demand is real, the unit economics are sound, and the growth trajectory is undeniable. But behind those numbers are the faces of local farmers, the pride of a nation, and the quiet determination of a team that has built something beautiful against all odds. This is why we stand for smart and patient capital—it's the bridge that connects cold, hard data to warm, human progress. Enabling hidden gems like FoodCare, to scale and formally capture the immense value arbitrage opportunity its international demand presents.”
Kimbo Fund's strategy is to seek out undervalued, asset-intensive businesses like FoodCare—those with high customer stickiness and favorable industry dynamics that are often orphaned by traditional finance. The fund’s approach goes beyond capital, equipping partners with the technical and strategic knowledge to accelerate growth.
"For years, we've had to say 'no' to orders we knew we could fulfill," shared Marlene José, Founder and CEO of FoodCare. "Seeing our products on global shelves was a dream realized, but being unable to meet the demand was our heartbreak. Kimbo didn't just see a balance sheet; they saw our struggle and our ambition in those numbers. This partnership means we can finally say 'yes' to the world. It means the taste of Angola will reach more homes, and the communities we source from will thrive. This is the moment we've been working towards."
FoodCare was a start-up graduate from the Founder Institute global acceleration programme in Angola, which played a key role in its development by providing specialist mentoring, business structuring and access to international networks of investors and experts. During the programme, the company consolidated its value proposition and impact model, factors that were decisive in attracting investment from the Kimbo Fund.