Business
AGRIBUSINESS EXCHANGE TRADED FUNDS
that the time and effort involved in a hostile bid were clearly worth the cost. Ultimately the bid failed, but the move revealed an area of major strategic focus for the world’s biggest mining company. BHP Billiton is pursuing other potash projects in Canada, as well as some early stage development of mines on the Eritrean and Ethiopian borders.
Buy the story
So how can African investors and banks get in on the act? If you buy the story of continued agricultural demand outstripping supply, how do you go about exploiting it? The truth of the matter is that investors can get exposure to producers along the entire supply chain through exchange traded products. Exchange traded products which comprise exchange traded funds (ETFs) and exchange traded notes (ETNs) can offer investors exposure to a single commodity or a basket of commodities, including agriculture. The charge to provide commodity ETNs
Figure 3: Average cups of coffee per capita per year
Finland Sweden France Germany USA Japan Global average China
1459 1117 735 731 400 360 120 5
IN THE FACE OF AFRICA’S LOOMING FOOD CRISIS...
comes a private equity fund with the scope to make a real difference.
Phatisa Fund Managers introduces a truly pan-African investment approach in response to the continent’s food predicament - the African Agriculture Fund.
Through equity funding and strengthening of the management, modernisation and organisation of the agricultural sector on the continent, the African Agriculture Fund (AAF) will support private sector companies that implement strategies to enhance and diversify food production and distribution in Africa.
With an innovative share structure designed to attract private sector investors, the Fund will make priority investments in food production, processing and distribution in cereals, livestock farming, dairy, fruit and vegetables, crop protection, logistics, fertilizers, seeds, edible oils, smallholders and agri services. A quarter of the Fund will be invested in primary agriculture.
And behind it all is Phatisa Fund Managers.
With reliable partnerships and networks across Africa, and a team whose track record spans 100 years of private equity and agri business experience in Africa, Phatisa has the expertise needed to invest, manage and successfully exit what will be one of Africa’s most pioneering private equity funds in agriculture.
For more information, visit
www.phatisa.com 64 | SEPTEMBER - OCTOBER | 2011
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