News

World Bank provides $346 million to strengthen resilience, livelihoods in Lake Chad region

05-28-2020 | 11:35:00
The World Bank approved two operations totaling $346 million in IDA financing to help strengthen resilience and livelihoods in the Lake Chad region, which is shared among Cameroon, Chad, Niger and Nigeria.

InspiraFarms closes Series B investment round to expand operations in East and Southern Africa

05-28-2020 | 07:41:00
InspiraFarms, an on- and off-grid cold storage solutions provider in East and Southern Africa, has closed a Series B to further expand its operations in the region.

Nespresso invests in Uganda coffee under the Reviving Origins programme

05-28-2020 | 07:34:00
Nespresso, an operating unit of the Nestlé Group, has introduced AMAHA awe UGANDA, ‘Hope of Uganda’, a new and seasonal coffee from the Rwenzori Mountains of Uganda.

EU Horizon 2020 invests €6.7 million to tackle food and water insecurity in Horn of Africa

05-27-2020 | 07:02:00
An international team of researchers and organizations has been awarded over €6.7 million from EU Horizon 2020 to help tackle food and water insecurity in the Horn of Africa Drylands.

World Bank approves $500m to fight Locusts in Africa and the Middle East

05-26-2020 | 06:42:00
The World Bank approved a US$500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people.

Fight against Desert Locusts will take time, despite significant control gains, FAO Director

05-22-2020 | 14:31:00
The Director-General of FAO QU, has warned that efforts to control Desert Locusts will take time, noting increased concern for the Sahel and Southwest Asia is adding to the burden of efforts ongoing in the Horn of Africa and Yemen.

World Bank approves $63 million for Ethiopia to manage Desert Locust threat

05-22-2020 | 13:01:00
The World Bank approved a financing of $63 million ($31.5 million grant and $31.5 million credit) from the International Development Association to help Ethiopia prevent and respond to the threat to livelihoods posed by the desert locust outbreak.

[Tanzania] AgDevCo invests in low-cost grain storage solution company

05-22-2020 | 10:34:00
AgDevCo has announced a long-term debt investment into Pee Pee Tanzania Limited (PPTL), a regional leader in the production of grain storage bags.

[Kenya] Apollo Agriculture raises $6 million in Series A financing

05-22-2020 | 07:29:00
Kenya’s agritech and financial services startup Apollo Agriculture has raised $6 million in Series A financing to bolster its resolve to empower small-scale farmers to maximize their profits.

[Nigeria] Tomato Jos secures €3.9 million financing to bolster growth

05-22-2020 | 06:58:01
Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for the African market, has completed a €3.9 million Series A round.

Digital payments simplify cash-flow for Ghana rural farmers

05-22-2020 | 06:31:43
A\n initiative to experiment on the use of digital wallets Ghana has proven that use of mobile money can make delivery of financial services to farmers much cheaper and less risky.

World Bank provides $48 million emergency support for Uganda to manage Desert Locust threat

05-22-2020 | 06:24:00
The World Bank approved a financing of $48 million from the International Development Association (IDA) to help Uganda prevent and respond to the threat to livelihoods posed by the Desert Locust outbreak.

Team Europe bolsters food security in Kenya and neighbouring nations

05-21-2020 | 12:55:00
Team Europe - the EU, Germany, the Netherlands, Belgium, France, Sweden and Denmark are bolstering food security in Kenya and the region with over Ksh 16 billion (EUR 140 million) at a time of crisis due to COVID-19.

[South Africa] R10 million in fodder support distributed to Western Cape farmers

05-21-2020 | 11:58:08
The Western Cape Department of Agriculture (WCDoA) has distributed R10 million in fodder support to 1727 farmers located in extreme or critically extreme drought areas in the Western Cape.

[Tanzania] East Africa Fruits Co receives $2.05 million to improve supply chain infrastructure

05-21-2020 | 06:42:00
East Africa Fruits Co., a Tanzanian company addressing food distribution challenges to improve efficiencies in the farm-to-market sector, has closed Series A equity funding totaling $2.05 million.