Injaro Agricultural Capital Holdings Limited has completed the sale of its stake in Ghana's leading animal feed producer, Agricare Limited, to Flour Mills of Ghana Limited, marking a successful eight-year investment period.

Information on the Target

Injaro Agricultural Capital Holdings Limited ("IACHL" or "the Fund"), managed by Injaro Investments, has announced the sale of its entire stake in Agricare Limited, Ghana's oldest animal feed producer, to Flour Mills of Ghana Limited ("FMGL"). The transaction marks the Fund's full exit from Agricare following a holding period of nearly eight years, during which significant operational improvements and growth were achieved.

Agricare, based in Kumasi, is renowned for manufacturing and selling animal feed across Ghana. The company operates a cutting-edge production facility with a capacity of 240MT per day. Injaro's investment was strategically aimed at enhancing the facility's utilization, developing the raw material supply chain, and expanding product lines while entering new local markets.

Industry Overview in Ghana

The animal feed industry in Ghana is an essential sector within the agricultural framework of the country, providing critical support to local poultry and livestock farmers. With a growing population and increasing demand for livestock products