The UK-based investor specializing in African agriculture, AgDevCo, finalized an investment of €5.5 million in mezzanine debt in the company trading and producing agricultural inputs (phytosanitary products) at the end of December conventional and organic and seeds), Africa Phyto Plus (A2P).

Afrique Phyto Plus was founded in 2013 in Ivory Coast. It also operates in Mali, Burkina Faso and more generally in West Africa. AgDevCo's investment will support the expansion of A2P's distribution capacity in Côte d'Ivoire and throughout West Africa and its entry into new markets in the Sahel and Central Africa regions, according to the investor.

According to Romarick Olomon, co-founder of A2P, “AgDevCo's 5.5 million euro investment will strengthen A2P's financial structure thanks to this flexible long-term financing. It will also allow the group to extend its geographical footprint beyond West Africa, the construction of a state-of-the-art processing plant, a modern storage facility as well as the implementation of our ESG strategy.”