Private equity firm AfricInvest invests in Nigerian agro-commodities company Elephant Group

An indigenous firm, Elephant Group Limited has announced that it has sealed a deal with AfricInvest for an equity investment in the company.

Elephant Group is the largest and fastest growing indigenous agro commodities company in Nigeria, where it imports, exports, markets and distributes rice, fertilizer and other agro commodities.

In pursuant to the investment, AfricInvest Fund III would acquire a minority equity interest in Elephant Group through an issue of new shares.

Read more: Nigeria: Elephant Group Attracts Equity Investment From Foreign Investor.