Bank invests $13.5 million in Afrifresh Group

Standard Chartered Private Equity, the investment subsidiary of British group Standard Chartered Bank, have announced investing 150 million rands (13.5 million $) into the Afrifresh Group, one of South Africa's biggest producers and exporters of fruit.  

This injection of capital from the financial group follows on from a first intervention in 2011 of 20 million $ to support the group's expansion, also allowing them 30% of the company's activity.  

''Afrifresh is a company that sets a good example with its 4000 employees and the revenue generated at exportation'' explains Peter Baird, Manager of Stanchart Private Equity Africa.

Afrifresh has greatly progressed since its creation about 15 years ago.  In 2012 its participation in Ariston Holdings, an agroindustrial group quoted on the Zimbabwe Stock Exhange, climbed 61%, establishing its anchorage in the country. READ MORE

Source: www.freshplaza.com  #IFAMAFRICA