Grace Ashiru
Nigerian agribusiness Tomato Jos Farming and Processing Limited has obtained a $2 million impact-linked debt facility from Sabou Capital to scale its operations in Kaduna State.
The facility will fund an expansion of Tomato Jos’s smallholder farmer network and increase its tomato paste manufacturing output for the West African market. The company currently sources from more than 3,000 smallholder farmers, 60 percent of whom are women.
Founded in 2014 by Mira Mehta, Tomato Jos operates a vertically integrated model spanning farm sourcing and processing. The financing arrives as Nigeria presses ahead with a ban on imported tomato paste to encourage domestic production.
Sabou Capital structured the facility around impact benchmarks covering farmer inclusion, women-led sourcing, and rural job creation, with borrowing costs set to reduce as the company meets agreed social and economic targets.
