Injaro Agricultural Capital Holdings Limited completed a full exit from its 30% stake in M&B Seeds and Agricultural Services Ghana Limited, realizing significant growth and socio-economic impact over a decade of investment.

Target Information

Injaro Agricultural Capital Holdings Limited (IACHL), an impact investment fund managed by Injaro Investments, has completed the sale of its 30% stake in M&B Seeds and Agricultural Services Ghana Limited (M&B) to the company's founder and other shareholders. This sell-off marks a full exit for Injaro after a decade-long investment period that began in May 2011.

The initial investment aimed to bolster M&B's operations through enhancements in processing capacity, increased seed production by expanding farms and establishing an outgrower scheme, improving marketing efforts, and strengthening middle management. Over the decade, M&B has demonstrated significant growth, achieving an average revenue growth rate of 67.5% per annum over the last nine years.

Industry Overview in Ghana

The agricultural sector is a cornerstone of Ghana's economy, contributing significantly to both employment and the nation’s GDP. Agriculture employs over 40% of the workf