Embu’s Privamnuts gets Sh387mn to expand macadamia production

Privamnuts, a processor and exporter of macadamia nuts from Kenya to Europe, USA and the Far East has received ESG First Fund of Sh387 million (USD 3Mn) from Aavishkaar Capital in partnership with German state-owned investment and development bank (KfW)

The funding will be utilised to expand production capacity and undertake several sustainability initiatives.

The ESG First Fund is a USD 250 million fund focused on investing in Africa and Asia with a mandate to generate superior Environmental and Social Governance (ESG) outcomes, with commercial and financial returns alongside positive social impact.

The fund’s earlier two investments in Africa were in Hela Apparel Holdings PLC, a company providing sustainability-focused apparel supply chain solutions to some of the world’s leading apparel brands and in Balaji EPZ, an apparel manufacturer with two decades of manufacturing experience for the world’s leading denim brands.

Privamnuts is based in Embu, Central Kenya, at the foot of Mt. Kenya where the soil allows for the natural growth of high-quality…

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