Information for potential investors

The Africa Agriculture and Trade Investment Fund SA. SICAV-SIF” (AATIF) is a closed-ended investment company, organized under the laws of Grand Duchy of Luxembourg and is exempt from the scope of the AIFM law pursuant to article 2 (2) c. Only Eligible Investors may invest in AATIF-Shares or Notes respectively.

In respect of the United States of America, Canada, Japan or Australia or any other jurisdiction in which the distribution, offer, sale, transfer or resale would be prohibited by applicable law, no investment in notes/shares or other instruments of the Fund can be offered or made.

Oragroup S.A.

On June 28, 2019, AATIF executed a EUR 20m senior debt facility with Oragroup S.A. (“Oragroup”) in Togo. The facility has a 12-month tenor and a renewal option at the end of the initial term. Oragroup is the holding company of the Orabank group of banks composed of seven subsidiaries present in Benin, Chad, Gabon, Guinea-Conakry, Togo, Mauritania and Cote d’Ivoire (with branches in Mali, Burkina Faso, Niger, Sénégal and Guinée-Bissau) and has a network of 139 branches and 1,811 employees.

AATIF’s loan shall be applied to finance agricultural export trade transactions. Oragroup focuses on inventory and pre-export financing for crops such as cocoa, cashew, cotton, sesame, shea nut and sugar. Oragroup targets mid-sized exporting corporates and co-operatives.

The facility from AATIF provides liquidity into the market as and when needed. Demands for liquidity peak during the harvesting periods and institutions like Oragroup are seeing liquidity become a scarce asset. At the same time, the household income of farmers can only be secured if off-takers and exporters have access to liquidity at that point in time. Providing liquidity to Oragroup therefore is a contribution to allow Western African businesses and farmers expand their practice and at the same time allow the African exports to be competitive in global markets.