Moringa, a private equity impact investment fund specialised in agroforestry projects in sub-Saharan Africa and Latin America, has closed the fifth investment of its portfolio, taking a stake in Floresta Viva.
The Brazilian company is developing a groundbreaking agroforestry system revolving around organic heart of palm, a Brazilian delicacy that is commercialised through two environmentally-conscious brands.
Some 150,000 tons of heart of palm were produced in the world in 2015, and global production has been increasing year-on-year since the 1990s. Brazil is the first producer and consumer of heart of palm, absorbing 75 per cent of this USD500 million market.
