FAFIN invests in Dayntee Farms

Sahel Capital, fund managers of the Fund for Agricultural Finance in Nigeria (FAFIN), has announced its most recent investment in Dayntee Farms Limited, a commercial poultry farm located in Kwara State, in the North Central region of Nigeria.

“We decided to invest in Dayntee Farms after a thorough analysis of the opportunities in the Nigerian poultry sector. We are particularly excited that Dayntee Farms is the latest addition to our portfolio and have full confidence in its management team,” Olumide Lawson, a partner at Sahel Capital, said.

Founded in 2011, Dayntee Farms produces a variety of poultry products including table eggs, day-old chicks and point-of-lay birds, which it supplies to customers across the country.

“In addition, we believe that with our recent investment, the company has the potential to grow significantly into a market leader in the next few years,” Lawson said.

FAFIN’s investment in Dayntee Farms is geared towards expanding the company’s production capacity to take advantage of the opportunities created by increased consumer demand.

In addition to this, invested funds will be used to augment Dayntee Farms’ working capital and improve its distribution network.

According to Ayodele Alade of Dayntee Farms, “Sahel Capital has come in at a time when Dayntee Farms is ready to move to the next stage of its growth. They are the right kind of partner for us because they share our vision for the company and have the expertise and resources to help us realise it.”

With FAFIN’s investment in Dayntee Farms, its Board of Directors has been reconstituted to include two independent directors, who will bring years of corporate experience and industry expertise to the company. Olumide Lawson and Olaniyi Oladejo from Sahel Capital’s team will also be joining the Board of Dayntee Farms.