Sahel Capital, a leading investment manager focused on the food and agriculture sectors across sub Saharan Africa, has successfully closed a $590,000 loan facility to Rasad Nigeria Limited through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The facility comprises $450,000 for working capital and $140,000 for capital expenditure. This transaction aligns with SEFAA’s mission to empower smallholder farmers by supporting socially responsible agribusinesses that foster inclusive growth and rural development.
Rasad Nigeria Limited, a family-led agribusiness based in Ogun State, aggregates high-quality cocoa and cashew from over 1,000 smallholder farmers and aggregators. The company supplies both local and international buyers and has earned a strong reputation for transparent sourcing, reliable execution, and long-standing relationships with farming communities. Its operations are supported by a robust network of aggregation hubs across key cocoa-producing regions.
“Rasad is making a meaningful impact in Nigeria’s cocoa sector by helping smallholder farmers access reliable markets. Their proactive sourcing strategy, including expansion into border communities, has helped the company maintain year-round procurement cycles and manage commodity price volatility,” said Deji Adebusoye, Partner at Sahel Capital.
Ahmed Adeagbo, Director of Strategy and Corporate Finance, noted that this milestone marks a new chapter in the evolution of Rasad Nigeria Limited - the launch of Rasad 2.0. “We’re entering a new phase focused on delivering even greater value to our partners, cocoa farmers, shareholders, and the communities we serve. We couldn’t ask for a better financial partner to embark on this journey with than Sahel Capital."
This investment reaffirms SEFAA’s commitment to supporting high-impact, scalable agribusinesses across the continent and underscores Sahel Capital’s broader objective to strengthen Africa’s food systems, enhance rural incomes, and improve food security.
Sahel Capital currently manages two funds: Fund for Agricultural Finance in Nigeria (“FAFIN”), which has investments in SME agribusinesses in Nigeria, and Social Enterprise Fund for Agriculture in Africa (“SEFAA”), which provides primarily structured debt to agribusiness SMEs across 13 countries in sub-Saharan Africa. Sahel Capital is also raising capital for a successor fund – Sahel Capital Agribusiness Fund II, which will focus on investment opportunities across West Africa.
JACKSON, ETTI, & EDU advised SEFAA on this transaction.