Farming and Engineering Services Limited (FES)

Africa Food and agriculture

We are invested in Farming and Engineering Services Limited (FES) through Phatisa Food Fund 2, which is managed by Phatisa Group.

We do not hold direct relationships with the companies that investment funds invest in. Instead, we hold relationships directly with the fund. When investing through investment funds, British International Investment takes an active role as a limited partner to the fund, working with the fund manager to ensure best practices, including in environment, social and governance matters, and investment management oversight.

This investment was made when British International Investment was named CDC Group.

Farming and Engineering Services is an integrated agricultural solutions provider to the agricultural sector in Malawi and Zambia. The company partners with a broad customer base of commercial estates, small-to-medium-scale farmers and multinational corporate clients.

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
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:
Phatisa Food Fund 2
Fund Manager:
Phatisa Group
Start date

For direct investments, this is the date British International Investment committed capital to the business or project.

For funds, this is the date that British International Investment committed capital to the fund.

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

:
June 2021
Domicile

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

:
South Africa

We are now British International Investment