Sahel Capital is investing in the modernisation of Dayntee Farms Limited, a commercial poultry farm in Kwara State.
This is to help the company increase the supply of more hygienic produce for consumers.
Sahel Capital is the fund manager for Fund for Agricultural Finance in Nigeria ( FAFIN), an agribusiness focused SME private equity fund.
It manages a multimillion investment fund for agribusiness in Nigeria, with particular focus on SMEs.
Sahel Capital Managing Partner, Mezuo Nwuneli said the amount invested and stake is confidential.
Founded in 2011, Dayntee Farms produces various poultry products, including table eggs, day old chicks and point of lay birds, which it supplies to customers across the country. Its Managing Director is Ayodele Alade, who has led the company’s steady growth from inception.
Dayntee Farms is strategically located between the large poultry market of the Southwest and the grain producing regions of the North, which enables it to source raw materials at relatively low cost and sell its products at competitive prices.
According to Alade, “Sahel Capital has come in at a time Dayntee Farms is ready to move to the next stage of its growth. They are the right kind of partner for us because they share our vision for the company and have the expertise and resources to help us realise it.”
A Partner at Sahel Capital, Mr. Olumide Lawson, noted: “We decided to invest in Dayntee Farms after a thorough analysis of the opportunities in the poultry sector. We are, particularly, excited that Dayntee Farms is the latest addition to our portfolio and have full confidence in its management team. Source: The Nation Online