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Voxtra Impact Fund Backs Growing Seed Potatoes in Tanzania
Voxtra East Africa Agribusiness Fund, a Norwegian social investor, has completed an inaugural investment of US$1.5 million in Mtanga Farms Limited (MFL), a commercial farm in Tanzania which grows seeds, crops and livestock. This is first of Voxtra’s target of 8 to 10 investments targeting companies with pivotal roles in improving the livelihoods of smallholder farmers.
The adviser for MFL was the UK’s Lion’s Head Global Partners. Several leading impact investors are backing Mtanga Farms, including Thirty Degrees East (Mauritian investment company), Lion’s Head Global Partners, Calvert Foundation (US), Nigerian investment firm Heirs Holdings and its philanthropic arm, The Tony Elumelu Foundation, as well as the African Enterprise Challenge Fund.
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