Elephant Group Ltd

Nigeria Food and agriculture

Elephant Group Ltd was incorporated in 1999 and is one of the leading importers of agro-commodities in Nigeria. It imports, markets and distributes rice and fertiliser in Nigeria and is amongst the top five players in the industry.

We are invested in Elephant Group Ltd through AfricInvest III, which is managed by Tuninvest. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, West Africa
Countries:
Nigeria
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Food and agriculture
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
AfricInvest III
Fund Manager:
Tuninvest
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
September 2015
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Nigeria