Fund vehicle
Kgodiso Development Fund
The Kgodiso Development Fund is an independent, non-profit impact development fund established in March 2022 by PepsiCo Sub-Saharan Africa following its acquisition of Pioneer Foods. Capitalised with a five-year commitment of R600 million (~$32.7 million), the fund aims to transform the South African food and beverage value chain by promoting sustainable agriculture, fostering local procurement, and encouraging black economic empowerment. The vehicle deploys patient capital, low-interest debt, concessionary financing, and technical assistance across three core pillars: enterprise development/SMMEs and technical assistance rather than high-cost commercial loans. Allocates capital to three core pillars: Agricultural Development (R300 million), Enterprise Development/SMMEs (R100 million), and Education & Skills Development (R200 million). Geographically, the fund operates across South Africa, targeting emerging black-owned commercial farmers, agricultural tech innovators, and supply chain suppliers.
- Vintage
- 2022
- Strategy
- Impact Fund
- Target size
- $32.7m
- Size
- $32.7m
- Status
- Closed
Disclosed limited partners
Sources
- Partner Researchers, accessed 14 November 2026