Africa | June 9, 2020

Dragon Farming secures loan to expand smallholder reach in Ghana

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, June 9 – Ghana-based Dragon Farming produces sustainable soy-based feed for poultry and aquaculture farms. An €800,000 loan from Agri-Business Capital Fund will enable Dragon to procure soy beans from 14,000 regional smallholder farmers and grow its production by as much as 40% this year.

Agri-Business Capital Fund, a blended-capital fund managed by Bamboo Capital and Injaro Investments, originated the loan to help the company weather COVID disruptions. Without access to funding, the pandemic, “will make it hard, if not impossible, for these agribusinesses and cooperatives to thrive,” warned Injaro’s Jerry Parkes. “In times like these, it is imperative that we provide the needed funding to support these livelihoods through sustaining the operations of agribusinesses across the continent.”