Brong-Ahafo

WAAF Agro Ltd.

A leading agro input dealer is seeking $750,000 in debt or equity to finance capital expenditures for a warehouse, and working capital to expand its already thriving business and further assist smallholder soy and maize farmers.

Investment needed: $750,000

USAID FinGAP Environmental Risk Review required
Business Type
Processing, Warehousing
Deal Type
Debt, Equity, Mezzanine Finance
Financing
Cap-Ex, Working Capital
Value Chain
Maize, Rice, Soy

Market Opportunity

Ghana’s rapid population growth is straining the food supply and requires a corresponding increase in food production to ensure the country’s food security. To grow the food supply, farmers need access to quality ago inputs agro inputs, understand their proper use, and adopt good agricultural practices. This need offers growth opportunities for agro input suppliers who serve as links between leading agrochemical and input suppliers on the Ghanaian market and farmers in northern Ghana. One way to expand business is by increasing warehouse capacity to increase stock for distribution to smaller scale dealers and individual farmers.

Investment Opportunity

WAAF Agro Ltd. is one of the leading distributors of agricultural inputs in the Brong Ahafo Region, serving most of the smaller input dealers in the three northern regions (Upper West, Northern, and Upper East). The company is seeking funding for capital expenditure to expand its already thriving business by building a new 1,000 MT warehouse, and for working capital to increase inventory. Land is already being acquired for this purpose. Currently operating from four distribution centers and warehouses in Techiman, Accra, and Kumasi, WAAF distributes fertilizers; pesticides; certified maize, rice, and soy seeds; protective clothing; and handheld farming tools and equipment supplied by leading agro-input companies. The company backs its sales by training farmers in proper use, handling, and disposal of agro-inputs.

Investment Required

WAAF Agro Limited is seeking $750,000 to construct a new 1,000 MT warehouse for storage of agro inputs and working capital to purchase more stock. The company is open to both equity and debt financing.

BAS Needed

WAAF has contracted Project Alternative Ltd., a BAS provider in the USAID-FinGAP network, to assist development of its business plan and review its operational activities for the expansion project.

Environmental Considerations

The company has acquired a permit from the EPA for its activities.

Supporting Initiatives

Initiatives that support the business environment for the investment include:

  • NRGP
  • USAID-ADVANCE II)
  • MEDA
  • SNV
  • Catholic Relief Services (CRS)
  • GCAP
  • SADA
  • MoFA FBOs

Contact Info

Charles Kwadwo Addo, Managing Director, +233 (0) 208 124 864; wofaaddoa@yahoo.com