CDH Kenya represented Swedfund International AB (Swedfund) in its investment in Apollo Agriculture Limited (Apollo)

Our team's role involved advising Swedfund on its investment in Apollo through a senior loan agreement worth US$ 5 million.

4 Mar 2024 1 min read Featured work

Apollo is a technology company that offers commercial farming solutions such as best-in-class inputs, financing, insurance, and training to small scale farmers in Kenya and Zambia. This transaction is in line with the concerted efforts by the public and private sectors to combat food insecurity in Kenya and Zambia.

Our advice in this transaction entailed advising on whether Apollo's business is subject to the Central Bank of Kenya (Digital Credit Providers) Regulations 2022 and whether the company is obliged to obtain any license or approval in Zambia, reviewing the senior loan agreement by Swedfund to Apollo, reviewing the legal opinion by adverse counsel in relation to the terms of the debt instrument governed by Swedish Law from a local Kenyan law perspective, and overseeing the fulfilment of conditions precedent and completion of the transaction. This demonstrates our ability to engage in complex and diverse transactions that aim to promote innovative fintech in sectors such as food security in Kenya.

The transaction team was led by Partner Njeri Wagacha and assisted by Associates, Melisa Wekesa and Joseph Macharia