Sahel Capital has announced its exit from L&Z Integrated Farms Limited, an integrated dairy processing company in Nigeria.
In February 2015, Sahel Capital, through its maiden fund, Fund for Agriculture Finance in Africa (“FAFIN”), invested in L&Z Integrated Farms Limited (“L&Z”) to support the company in expanding its business operations by increasing the capacity of its processing plant and dairy farm in Nigeria.
As a result of Sahel Capital’s investment in the company, L&Z expanded its dairy processing operations and increased its milking cow herd size, the company said in a statement yesterday.
“L&Z has had a significant development impact in the communities in northern Nigeria where it operates and has built milk collection centres which have aggregated about one million litres of milk from pastoralists, facilitated artificial insemination to improve cattle genetics, and provided over 200 scholarships to the children of pastoralists in its community, including the enrolment of over 600 female children in school under its girl child initiative,” it said.
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Reacting to the development, M. D. Abubakar, founder and CEO of L&Z, said: “We are delighted with our partnership with Sahel Capital. Their strategic and financial support was instrumental to our ability to scale beyond a family business to become one of Nigeria’s leading indigenous integrated dairy farms/processors.
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