Investment: Manocap Soros Fund

ManoCap Soros Fund
ManoCap is a $5 million private equity fund that makes equity investments in small to medium enterprises (SMEs) in Sierra Leone. The Fund focuses on agribusiness and related services, such as growing, buying, wholesaling and exporting agricultural goods, line haulage and warehousing, cold chain distribution, agro-processing, logistics, equipment leasing and financial services.  ManoCap’s mission is to meet its development goals while investing in profitable businesses.

Why we invested
SEDF created the ManoCap Soros Fund in partnership with ManoCap, a Sierra Leonean private equity fund.  Employment opportunities in Sierra Leone are scarce with over 67% of the population engaged in subsistence agriculture and annual GDP per capita of $234.35  Approximately 55% of these farmers are women and substantially all are subsistence farmers and/or are unemployed individuals. Agribusiness companies and entrepreneurs in Sierra Leone have long been ignored by the traditional capital markets and have been largely subsistence.   By financing the agribusiness sector and pairing it with technical assistance, SEDF believes farm productivity, domestic and export sales  and household income of smallholder farmers could be significantly increased while creating more jobs overall in the economy.

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