APQ Global PLC (LON:APQ), an investment company focused on emerging markets, has set up an innovative new network aimed at harnessing the potential of up and coming businesses in its spheres of interest.
"The partner companies represent an additional growth opportunity for APQ Global, which has the right of first refusal to participate in any of their future capital raises," it said.
The first two names on the roster are DW Agriculture and Alluvial.
Based in Nigeria's Cross River State, agribusiness DW aims to mobilise local populations and the wider region to produce important goods that are otherwise imported at higher cost. An example of where it could make a difference is dairy products, 90% of which are brought into the country at a cost of US$1.2bn annually.
Modern technologies and traditional methods
Second partner company Alluvial is also focused on the Nigerian agricultural sector but its specialism is combining modern technology with traditional farming methods to deliver environmentally and socially sustainable means of growing crops.
Last month, the group signed cooperation agreement with India's biggest conglomerate, Tata Group, which will supply up to 300 John Deere tractors through self-financing lease agreements with individual farmers.
Over the next two years these vehicles could be used by as many as 100,000 smallholder farmers across 463 square miles.
APQ chief executive Bart Turtelboom said he was delighted to take a central role in the development of a number of carefully chosen partner companies.
"We welcome DW Agriculture and Alluvial as founding members to this group of leading emerging market SMEs (small- and medium-sized companies). We aim to identify many more members to grow this exciting new venture for the company," he added.