Sahel Capital’s SEFAA Deploys $650K to Noma Services to Scale Nigerian Commodity Aggregation
Backed by KfW Development Bank, the Social Enterprise Fund for Agriculture in Africa channels structured debt into Abuja-headquartered Noma to expand staple crop supply chains.
ABUJA — Specialist agricultural investment manager Sahel Capital has closed a $650,000 financing package for Noma Services Consolidated Limited through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
The transaction is designed to scale operational liquidity and enhance processing and warehousing infrastructure for the fast-growing Nigerian agribusiness.
Capital Allocation and Supply Chain Impact
The $650,000 credit facility is structured across two primary tranches:
- Working Capital ($400,000): Allocated to expand seasonal commodity procurement volumes and support day-to-day operations.
- Capital Expenditure ($250,000): Dedicated to procuring equipment and upgrading aggregation and processing infrastructure.
Incorporated in 2021 with roots dating back to 2018, Noma specializes in aggregating and processing staple food crops, including rice, maize, sorghum, and beans, sourced from a network of over 11,000 smallholder farmers. The company operates central hubs across Mabushi, Niger, and Kaduna, alongside regional distribution points in Kano and Jigawa, supplying major fast-moving consumer goods (FMCG) corporations.
"Noma is playing a critical role in Nigeria's agricultural value chain by connecting over 11,000 smallholder farmers to reliable and well-structured markets," noted Deji Adebusoye, Partner at Sahel Capital. "Their transition from an input-financing model to a more scalable direct aggregation approach reflects both strategic clarity and operational maturity."
Fund Architecture and Regional Strategy
SEFAA is a $24 million impact fund launched in 2021 with foundational backing from Germany’s KfW Development Bank, providing structured debt and flexible financing to agribusiness SMEs across 13 sub-Saharan African countries.
In addition to SEFAA, Sahel Capital manages the Fund for Agricultural Finance in Nigeria (FAFIN) and is actively raising capital for its upcoming vehicle, Sahel Capital Agribusiness Fund II, to expand its investment footprint across West Africa.
Legal and transaction advisory support for the Noma financing was provided by Nigerian law firm Duale, Ovia & Alex-Adedipe.
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