Pangea Africa, Black Star Africa acquire majority stake in Eden Tree

Pangea Africa Limited and Black Star Africa Limited have jointly acquired a majority stake in Ghanaian fresh food producer Eden Tree Limited, paving the way for changes in the company's leadership and plans to expand its operations across West Africa. This transaction provides an exit for international impact investment firm Investisseurs & Partenaires (I&P), which has held shares in Eden Tree since 2015. The financial terms of the deal and the individual stakes acquired were not disclosed.

Eden Tree founder Catherine Krobo Edusei will step away from day-to-day leadership after 29 years but will remain as a director and assume the position of Founder Emeritus. Grant Webber of Black Star Africa will become Chief Executive Officer, and Pangea Africa Director Tracy Boswell Scicchitano will join Eden Tree's Board of Directors. The new investors state these changes are part of a broader plan to increase production, strengthen the supply chain, and position Eden Tree as a major supplier in West Africa. Eden Tree was founded by Catherine Krobo Edusei in 1997 and operates a processing facility in Tema.