In a statement shared with The Ghanaian Times, AGF B.V said it was “thrilled to announce that it has successfully secured $1 million equity investment from FrugalFP B.V of the Netherlands and an Aberdeen group of investors, led by John Lind of Scotland.” The company was advised by Mubanga Kasonde of MK Consult, UK.

The investment will accelerate AGF’s initiatives to develop Africa’s first Smart Circular Agro-Food & Carbon Innovation Vehicle, a 10,000-hectare integrated agroforestry and cassava–sweet potato processing initiative in Ghana’s Kwahu Afram Plains. The project integrates modern agro-processing, renewable energy, and carbon sequestration through large-scale agroforestry to deliver food security, community prosperity, and measurable climate impact.

AGF aims to restore 10,000 hectares of degraded land, generate 2,500 rural jobs, and sequester over one million tonnes of CO? over the next decade, creating a scalable model for climate-smart investment focused on impact and inclusion.

Founder and CEO George Boakye Sarpong explained that AGF represents “the fusion of African enterprise and European partnership innovation anchored in purpose.” He added, “With the support of Marcel Kappe of FrugalFP and John Lind & Co., we are not only building a profitable agribusiness but also creating a regenerative blueprint for land restoration, youth employment, and carbon removal across the continent.”

The company’s vision aligns with Ghana’s 24-Hour Economy initiative, the Volta Economic Corridor, and the Konadu Economic Enclave Irrigation Project, supporting continuous, large-scale agricultural production that drives employment, value addition, and export growth.

Through collaboration with the Ghana Irrigation Development Authority (GIDA), AGF B.V benefits from land allocation, reliable water supply, and technical advisory services, enabling all-year-round production to meet domestic and export market demands. This partnership also supports GIDA in expanding irrigation infrastructure nationwide, promoting agribusiness development for other commercial farmers, and advancing economic transformation and regional industrialisation.

AGF B.V is building a network of visionary shareholders and strategic partners, including FrugalFP B.V (technology and operational efficiency), Bundesvereinigung Nachhaltigkeit (BVNG) in Berlin (policy and sustainability governance), and a growing team of European and African agritech experts. The company aims to bridge Africa’s agricultural potential and Europe’s green finance ecosystem.

AGF B.V pioneers circular agro-industrial systems integrating renewable energy, carbon farming, and community-led agribusiness. Its first major project in Ghana’s Eastern Region is supported by global development partners and private investors, forming a cornerstone of the European Union–Africa Green Transition.