Sahel Capital issues $1mn trade finance facility for Sourcing & Produce

Sahel Capital has issued a USD 1mn trade finance facility to Sourcing and Produce a trading company that procures and distributes agricultural commodities from Nigeria and Tanzania globally. With the loan, the company will expand its hibiscus flower business as well as develop farmer cooperatives with the aim of improving productivity and proving access to inputs.

In Nigeria, the company has developed supply chain links with over 80 smallholder farmers in Jigawa and Kano states in the north of the country.

Sahel Capital invested in the company through its Social Enterprise Fund for Agriculture in Africa.