Sahel Capital has announced the first close of Sahel Capital Agribusiness Fund II (SCAF II) in December 2025.

The close was anchored by KfW Development Bank, alongside a US-based family office. 

A successor to the Fund for Agricultural Finance in Nigeria (FAFIN), SCAF II is a blended finance growth equity fund with a target of $75m.

The fund will back agribusinesses across West Africa, with Nigeria, Ghana, Cote d’Ivoire, and Senegal, as priority markets, to strengthen food security, climate resilience, and value chain efficiency. 

Concurrent with the first close, SCAF II completed its first investment in Delifrost Caterers, Nigeria’s leading integrated cold chain distribution platform for packaged foods. 

Sahel remains committed to investing in scalable agribusinesses that advance food security and climate resilience across sub-Saharan Africa.

"We are truly grateful to KfW our long-term partner for their continued trust and support," the company shared.