BOLDEN African News · Saturday 7 November 2026
Nigeria's agricultural fund and Sahel Capital agree to work on cheaper finance for agribusinesses
The National Agricultural Development Fund and Sahel Capital signed a memorandum of understanding in Abuja to explore blended financing, including concessional funding and risk sharing, for agribusinesses, particularly SMEs. Sahel Capital's managing partner Mezuo Nwuneli said many small and medium agribusinesses borrow at 24 to 27 per cent; the firm has made 45 investments in eight African countries over 15 years.
Why it matters
Borrowing costs above 24% are one of the main brakes on Nigerian food processing, and this pairs public concessional money with a private fund manager.
Source: MSME Africa · 7 November 2026