Small and landlocked, Rwanda is hilly and fertile with a densely packed population of about 11.9 million people (2018). It borders the far larger and richer Democratic Republic of Congo, as well as its closest East African neighbours, Tanzania, Uganda, and Burundi.


  • CDH Kenya represented Creadev International S.A.S, a French private equity firm based in France and Acumen Resilient Agriculture Fund LP (ARAF), a VC fund designed to enhance the livelihood and climate resilience of people in Africa based in Kenya in their investment into Victory Farms, East Africa's fastest growing aquaculture venture. Creadev led the US$ 35 million dollar Series B raise and was joined by ARAF, DOB Equity, Endeavour Catalyst Fund and Hesabu Capital. Our Kenya-based corporate/M&A team represented Creadev and ARAF in this transaction.

    CDH's role involved conducting legal due diligence on the target and its subsidiaries in Kenya and Rwanda, assisting in reviewing and negotiating the share subscription agreement for purposes of recommending representations, warranties, and conditions, assisting in reviewing and negotiating the disclosure letter and assisting in complex pre-closing actions.

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