Greenus Capital Limited has successfully secured a $23.3 million debt financing deal for Johnvents Industries Limited, aimed at expanding agricultural processing capacity and enhancing Nigeria’s agribusiness value chain.
The Victoria Island, Lagos-based finance house emphasised that the transaction will underscore its role as a leading provider of strategic advisory and capital solutions for mid-market corporations across Africa. Acting as financial adviser, originator, and arranger, Greenus Capital led the complex transaction, which attracted funding from development finance institutions, with the International Finance Corporation (IFC) as lead participant.
According to the company, the financing will be deployed by Johnvents to expand its cocoa processing facility in Ondo State, doubling daily capacity to 120 metric tons. Funds will also support capital expenditure and working capital, investments in modern processing technologies, and improvements in logistics to minimise post-harvest losses.
Commenting on the deal, Chief Executive Officer of Greenus Capital, Kunle Odeyemi, said the successful close highlights the firm’s expertise in structuring innovative financing solutions across the continent.
“The funding will enable Johnvents to scale operations, strengthen export competitiveness, and deepen its impact across agribusiness and the industrial value chain,” Odeyemi stated.
Industry experts note that the transaction aligns with the Federal Government’s agenda to industrialise agriculture, reduce food import dependence, and boost local content. It also enhances opportunities for thousands of smallholder farmers through more stable incomes, improved traceability, and access to markets.
Part of the investment will replace diesel and wood-fired power systems with cleaner gas-powered alternatives, with provisions for renewable energy integration. Greenus Capital reaffirmed that sustainability remains central to its mandate, targeting 100% traceability and 90% certification in cocoa supply chains by 2027.
This significant agreement enhances investor confidence in Nigeria’s agribusiness sector and represents a crucial move towards food security, economic diversification, and inclusive growth.
