BFA’s Kimbo Fund Backs FoodCare in Landmark First Investment to Boost Angola’s Agri-Food Exports
Kimbo Fund Debuts Allocation and Launches Venture Portfolio with Strategic Investment in Agriculture Industry.
Luanda, 18 November 2025 – The BFA Asset Management Venture Capital Fund (Kimbo Fund) has announced its inaugural investment, a strategic growth commitment to FoodCare, an Angolan agri-food processing company with a strong international footprint. The transaction also marks the fund’s first use of convertible notes.
FoodCare currently processes 25 traditional products and operates with a monthly capacity of 84 tons—well below international demand, which exceeds 700 tons per month. With 95% of its production exported to Europe, North America, and South Africa, the company has a proven business model that consistently generates foreign currency.
“This isn’t just an investment; it’s a correction of a market oversight,” said Rui Oliveira, CEO of BFA Asset Management. “We see a business with immense intrinsic value, trapped between its proven capabilities and its untapped potential. The data is clear: the demand is real, the unit economics are sound, and the growth trajectory is undeniable. But behind those numbers are the faces of local farmers, the pride of a nation, and the quiet determination of a team that has built something beautiful against all odds. This is why we stand for smart and patient capital—it’s the bridge that connects cold, hard data to warm, human progress. Enabling hidden gems like FoodCare, to scale and formally capture the immense value arbitrage opportunity its international demand presents.”
For Marlene José, founder and CEO of FoodCare, the partnership represents “the moment we have been working toward,” finally enabling the company to meet global demand and increase its economic impact on the supplier communities.
FoodCare is a graduate of the Founder Institute program in Angola, where it strengthened its value proposition and business structure—key factors that helped attract this inaugural investment.
About BFA Asset Management (BFAAM) & Kimbo Fund:
BFAAM, is Angola’s largest fixed income and alternative investing firm, raised over USD 500Million in assets across public and private marlets. Kimbo Fund is BFAAM’s flagship impact private credit fund, anchored by the Angola Sovereign Wealth Fund. The fund provides growth capital to SMEs in Angola, targetIng process- and asset-intensive industries, including agri-food, transportation and logistics, and financial services. By applying a value-oriented lens focused on intrinsic value, viable cash flows, and favorable industry dynamics, Kimbo seeks to drive compelling financial returns and measurable social alpha.
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