DOB Equity’s Ngugi says patient capital helps build resilient African agribusinesses

• DOB Equity investor Anne Ngugi framed impact investing as long-duration capital tied to building resilient businesses, not a one-off initial check.
• She prioritized founder selection and governance as core drivers of outcomes, citing a focus on partners with commercial ambition tied to lasting change.
• Ngugi said African agriculture offers investable opportunity despite risk perceptions, pointing to innovation across the broader value chain beyond farming.
• She highlighted “patient capital” as financial backing paired with strategic support, maintaining performance expectations while allowing longer timelines to scale sustainably.
• Ngugi flagged a pipeline shaped by climate-smart tools, digital adoption, and financial inclusion, arguing impact goals can reinforce commercial returns.

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