British International Investment invests $15mn in Valency International

Agricultural commodities trading house Valency International has received USD 15mn from British International Investment to support its expansion in Nigeria, with an option to invest an additional USD 35mn in equity within two years.

The Singapore-headquartered company will use the funds for processing and warehouse infrastructure and is expected to reach an additional 60,000 farmers and create up to 2,800 jobs.

The deal is expected to close early next year and is subject to regulatory approval.