UNDP - EMRC Agribusiness Forum : 18 October 2011
LUNDIN FOUNDATION <ul><li>Founded in 2005; based in Vancouver, CANADA </li></ul><ul><li>Affiliated with Lundin Group of Co...
INVESTMENT STRATEGY <ul><li>Exclusive focus on SMEs </li></ul><ul><ul><li>US$200k to US$2,000,000  </li></ul></ul><ul><li>...
INVESTMENT CRITERIA <ul><li>Business Model </li></ul><ul><ul><li>Innovation </li></ul></ul><ul><ul><li>Scalability </li></...
AGRICULTURE PORTFOLIO <ul><li>Focus on innovative projects  inclusive of smallholders  and environmentally responsible </l...
COMACO (Zambia) <ul><li>Founded in 2003, COMACO is non-profit conservation agriculture company that has developed an innov...
MEDEEM (GHANA)  <ul><li>Founded in 2007, Medeem provides a unique, low cost private sector solution to the documentation /...
CONTACT DETAILS <ul><li>Stephen Nairne </li></ul><ul><li>Managing Director </li></ul><ul><li>Lundin Foundation </li></ul><...
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Agri11 session iii - part i - stephen nairne - lundin foundation

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Agri11 session iii - part i - stephen nairne - lundin foundation

  1. 1. UNDP - EMRC Agribusiness Forum : 18 October 2011
  2. 2. LUNDIN FOUNDATION <ul><li>Founded in 2005; based in Vancouver, CANADA </li></ul><ul><li>Affiliated with Lundin Group of Companies, who have operated successfully in Africa for more more than 35 years. </li></ul><ul><li>Geographic Footprint: Sudan, South Sudan, Ethiopia, Kenya, DR Congo, Zambia, Lesotho, Ghana, Mali, Burkina Faso, Niger, Mauritania </li></ul><ul><li>Priority Sectors: agriculture / agribusiness (65%), financial inclusion (25%), and renewable energy (10%). </li></ul><ul><li>Invests $10mn annually. </li></ul><ul><li>  </li></ul><ul><li>  </li></ul>
  3. 3. INVESTMENT STRATEGY <ul><li>Exclusive focus on SMEs </li></ul><ul><ul><li>US$200k to US$2,000,000 </li></ul></ul><ul><li>Debt, Quasi-Equity, Equity, Partial Guarantees </li></ul><ul><li>Patient capital (up to 12 years) </li></ul><ul><li>Hard or Local Currency Instruments </li></ul><ul><li>Technical Assistance grants to build capacity and drive performance improvements in investees </li></ul><ul><li>Strong Network of Co-Investors: Acumen Fund, Alliance for a Green Revolution in Africa (AGRA), FMO, Root Capital, Soros Economic Development Fund etc. Lundin Foundation will take lead or subordinate position in investment syndicates. </li></ul>
  4. 4. INVESTMENT CRITERIA <ul><li>Business Model </li></ul><ul><ul><li>Innovation </li></ul></ul><ul><ul><li>Scalability </li></ul></ul><ul><li>Financial Viability </li></ul><ul><li>Management Team </li></ul><ul><li>Impact Metrics </li></ul><ul><ul><li>Top Line Revenue, Taxes Expensed, Job Creation, Supply Chain Multipliers, Product / Service Beneficiaries, Taxes Expensed </li></ul></ul><ul><li>Risk Assessment and Mitigation Strategies </li></ul>
  5. 5. AGRICULTURE PORTFOLIO <ul><li>Focus on innovative projects inclusive of smallholders and environmentally responsible </li></ul><ul><li>Invest along entirety of agricultural value chain (inputs ► post-harvest) </li></ul><ul><li>SAMPLE AGRICULTURE INVESTMENTS </li></ul><ul><li>West African Agricultural Investment Fund (WAIFF) – Holdco headquartered in Accra / Abidjan investing in improved / hybrid seed production / distribution and agri-processing. Focus on Ghana, Mali, Burkina Faso, Niger, and Cote d’Ivoire. </li></ul><ul><li>COMACO (Zambia) </li></ul><ul><li>Medeem (Ghana) </li></ul>
  6. 6. COMACO (Zambia) <ul><li>Founded in 2003, COMACO is non-profit conservation agriculture company that has developed an innovative, for-profit solution to engage rural communities in enhanced food security and land use management. 2011-2012 turnover: USD 3mn </li></ul><ul><li>USD 1mn revolving inventory finance loan to finance input purchases + technical assistance grant (transport / logistics) </li></ul><ul><li>450 direct jobs; 45,000 micro-suppliers; reduced poaching and deforestation through improved livelihood opportunities and conservation dividend to highest compliance smallholder groups. </li></ul>
  7. 7. MEDEEM (GHANA) <ul><li>Founded in 2007, Medeem provides a unique, low cost private sector solution to the documentation / formalization of land and sharecropping rights for smallholder farmers: ParcelCert </li></ul><ul><li>Commercial operations began in January 2011; Lundin made USD 1.5mn investment: low coupon debt with 3 year grace period 10 year term; sliding scale royalty (1-4%) on top-line revenue; minority equity stake (15%) (Medeem LLC Parent). </li></ul><ul><li>Technical assistance grant to evaluate market for documentation of sharecropping rights: ShareCert. </li></ul>
  8. 8. CONTACT DETAILS <ul><li>Stephen Nairne </li></ul><ul><li>Managing Director </li></ul><ul><li>Lundin Foundation </li></ul><ul><li>[email_address] </li></ul><ul><li>+1.604.806-3082 </li></ul><ul><li>Website </li></ul><ul><li>www.lundinforafrica.org </li></ul>

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