Global Agri-Development Company
In May 2012, AATIF successfully closed its second transaction. A USD 5 million loan was negotiated with the Global Agri-Development Company (GADCO), a Ghanaian rice producer, now operating the largest commercial rice farm in West Africa. AATIF supports GADCO's move into food processing, starting with an investment in a state-of-the-art rice mill, allowing GADCO and its smallholders to create an integrated and sustainable value chain for its Copa branded food products.
These products are geared towards African consumer markets, including the strategic base of the pyramid (BOP) market segment. GADCO is privately owned and funded by financial and impact investors and intends to diversify its crop and food product mix from 2013 onwards as well establishing a large scale outgrower programm, which targets at reaching 3000 smallholders. This will be supported by Technical assistance financed by AATIF’s TA facility.
For more information on the GADCO investment, please click here.