Moringa Partnership

Moringa deploys equity and quasi-equity capital into large-scale, export-oriented agroforestry projects across sub-Saharan Africa. The firm focuses on perennial tree crops — macadamia, avocado, cashew, forestry — that generate long-dated cash flows and sequester carbon. Investments are operationally intensive: Moringa embeds agronomists and operating partners to manage planting, certification, and logistics.

The firm is led by three managing partners: Clément Chenost, Paul Ohana, and Hervé Bourguignon. Chenost, the most visible public face, previously co-authored a book on African agro-investing. The trio bring agronomic, financial, and emerging-market operating experience, and the team includes a dedicated technical arm for on-farm management.

Anchor limited partners include development finance institutions such as Agence Française de Développement and the European Investment Bank, alongside private family offices and impact investors seeking blended environmental and financial returns. The firm has not published a full LP roster.

Moringa concentrates on West and Central Africa, with confirmed investments in Ghana, Côte d'Ivoire, and Cameroon. It has also evaluated opportunities in Kenya and other East African markets. The firm selects jurisdictions with functional land registries and export infrastructure for horticultural crops.

Moringa is a direct investor — it does not operate as a fund-of-funds. Each investment is a direct equity or quasi-equity position in an operating plantation or processing company. The firm occasionally co-invests alongside development banks or sector-specialized family offices.