Baylis Emerging Markets has invested in Legendary Foods Africa, the largest vertical palm larvae farm in Africa, to foster local production and support sustainable agricultural practices.

Information on the Target

Baylis Emerging Markets has made a significant growth equity investment in Legendary Foods Africa, which is recognized as Africa's largest vertical palm larvae farm. Legendary Foods specializes in cultivating palm larvae, offering a sustainable and nutritious protein source that serves to address food security challenges in the region. The innovative farming system developed by Legendary Foods operates in Ghana, utilizing advanced technology to produce a highly nutritious form of palm larvae without the environmental degradation typically associated with traditional harvesting methods.

This vertical farm is designed not only to provide an efficient and sustainable source of protein, but also to support local communities by creating jobs and enhancing food availability. Palm larvae are rich in essential nutrients, making them an integral part of the diet in West and Central Africa. The firm's approach aligns with Baylis's strategy to bolster local agricultural production while taking a gender lens investing approach, supporting initiatives led by women entrepreneurs.

Industry Overview in Ghana

The agricultural sector in Ghana is a vital component of the country's economy, contributing significantly to GDP and employing a substantial portion of the workforce. With a growing population and rising demand for protein-rich foods, the industr