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Tuesday, 27 April 2010

Silk Invest launching Africa food fund

Growth rates that outstrip the developed world are drawing emerging markets asset manager Silk Invest to open a 100 million euro fund to invest in African food processing and sales, the company said. The London-based firm, which takes its name from the 'Silk Route' historical trade paths linking Europe and Asia, plans to launch the Africa Food Fund in June, it said at the weekend. Unlike many investments in Africa, it is not a bet on raw commodities, but instead on their local processing and distribution to African consumers.

Source: Africa The Good News

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