New agriculture and agri-business climate finance to support farmers and agri-businesses prepare for extreme weather, increased drought and increased rains.
Twiga Foods, the Kenyan agri-tech startup has raised an undisclosed amount of funding capital from a group of investors including Creadev and Juven.
ARCH Cold Chain Solutions received funding from a range of financial institutions, including development finance institutions such as the European Investment Bank, which provided $15 million.
Le groupe NJS annonce avoir finalisé l’acquisition des actions YARA CAMEROUN auprès de Yara International ASA.
Oikocredit invests € 7.5 million in Vista Bank Burkina to support SMEs and educational finance in Africa
Oikocredit is providing a loan of € 7.5 million to support the growth initiatives of Vista Bank Burkina in Burkina Faso.
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé l’octroi d’un prêt de 86,89 millions d’euros au Sénégal pour développer une zone de transformation agro-industrielle dans le Nord du pays.
PepsiCo's PAO Accelerator offers local farming communities co-investment to accelerate diverse and results-driven Positive Agriculture projects, as well as funding for ag-tech start-ups that offer proven products or technology with the potential to scale.
RedSea, the sustainable Agri Climate Tech business whose pioneering technology advances commercial farming in hot climates globally has appointed Bruno De Oliveira as VP East Africa & Egypt.
The ECOWAS Bank for Investment and Development (EBID) has signed an agreement with WEMA Bank Plc, Nigeria providing a USD50 Million line of credit to support Small and Medium Enterprises (SMEs) in the agro-business sector in the Federal Republic of Nigeria.
FSD accorde environ 2 milliards de riyals de prêts pour soutenir des projets de développement en Afrique
Le Fonds saoudien pour le développement accorde environ 2 milliards de riyals de prêts concessionnels pour soutenir des projets de développement en Afrique.
Oikocredit, Goodwell Investments and Global Partnerships invest in Good Nature Agro to support southern African smallholder farmers.
L’ AGF et Technoserve établissent un partenariat pour stimuler les investissements dans l’industrie du cajou
L’African Guarantee Fund(AGF) et Technoserve établissent un partenariat pour stimuler les investissements dans l’industrie Ouest-Africaine du cajou.
La Banque mondiale et le Groupe OCP ont annoncé un partenariat qui devrait changer la donne pour soutenir les agriculteurs d’Afrique de l’Ouest et du Sahel.
OCP Group, the world’s largest phosphate-based fertilizer producer, the University Mohammed VI Polytechnic (UM6P), and American agriculture startup Regrow have signed a strategic partnership to develop an MRV (Measuring, Reporting, and Verification) system specific to African soil.
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya, and Uganda and serves over 450,000 farmers.
Pearl Capital Partners (PCP) is delighted to announce and launch a UGX23.9 billion (€6 million) Fund with support from The Embassy of the Kingdom of the Netherlands (EKN) for Dairy-Horticulture.
[Nigeria] Commodities platform AFEX raises $26.5M to address food security in Nigeria, Kenya, and Uganda
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor have announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform,
FMO and Endeavor extend partnership with AfricaGrow for the second African Agritech Cohort.
Mediterrania Capital Partners together with BIC Capital has taken a majority stake in Técnicas Sanjorge
Mediterrania Capital Partners to announce that together with BIC Capital has taken a majority stake in Técnicas Sanjorge (TSJ), a company specialised in the provision of services and development of clean, sustainable and environmentally efficient agricultural solutions.
African Guarantee Fund et Rawbank renforcent leur partenariat au service des femmes agripreneures en RDC
Rawbank annonce le lancement d’une formation sur la gestion de projets dans le secteur agricole et agroalimentaire des femmes congolaise.
African Development Bank supports small horticultural businesses with $2.5 million grant in Tanzania
The Board of Directors of the African Development Bank Group approved a $2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania.
The Eastern and Southern African Trade and Development Bank (TDB), the Multilateral Investment Guarantee Agency (MIGA) and OCP Group have signed a Memorandum of Understanding (MoU) to enhance collaboration in addressing agriculture and food security challenges in Africa.
La République du Tchad et Africa50, la plateforme panafricaine d'investissement dans les infrastructures, ont annoncé aujourd'hui le début des démarches pour accueillir la République du Tchad comme nouveau pays actionnaire.
At World Bank Meetings DFC advances infrastructure partnerships and commits to $19.8 Million to strengthen food security in Morocco and Senegal.
ARISE IIP investit dans Crystalchain pour lutter contre le changement climatique et renforcer la traçabilité au sein de ses parcs industriels.
[Nigeria] Agritech startup ThriveAgric to provide 125,000 smallholder farmers with access to financial inclusion services
Over the next twelve months, ThriveAgric and its technical partners will facilitate the opening of bank accounts for the farmers across 8 northern states including Adamawa, Gombe, Yobe, Jigawa, Kaduna, Kano, Katsina, and Bauchi.
Pan-African venture capital firm Enza Capital has announced the close of its US$58 million Fund II, as well as the launch of its Founder Partner programme, where leadership teams of portfolio companies become co-owners and share in the broader success of the firm and fellow investees.
First Capital Bank Limited partners with the EIB to develop SMEs in the agriculture sector through a $10Million developmental line of credit.
Incofin invests EUR 2 million in PEBCo-Bethesda to bolster sustainable agriculture and climate resilience
The funding comes from the Agricultural Liquidity Fund (ALF) and is a testament to Incofin’s dedication to advancing sustainable agriculture and climate resilience through financial inclusion.
NSIA Banque CI et The Africa Agriculture and Trade Investment Fund (AATIF) renouvellent leur partenariat
NSIA Banque CI obtient 20 millions d'euros de l’AATIF pour ses interventions dans le secteur agricole.
By targeting and reducing food loss and waste, the USAID Tuhifadhi Chakula project will increase food security, improve livelihoods, increase employment, and generate export opportunities for Tanzania – especially among women and youth.
Ugandan agritech startup Emata has raised $2.4 million in seed funding comprising $800,000 in equity and $1.6 million in on-lending capital.
Generation Africa awarded two grand prizes of $50,000 to Hasina Andriatsitohaina, Founder and Manager of Mad'Arom in Madagascar, and Ikenna Nzewi, Co-Founder and CEO of Releaf Africa in Nigeria.
$1 billion to boost access to climate finance for Africa’s youths, African Development Bank announces
African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses.
This is among the side events from the Africa Climate Summit in Nairobi organized by the International Livestock Research Institute to facilitate sustainable livestock solution pipeline development and relationship building with sustainable livestock investors.
Finnfund and DFC commit 15 million US dollars in equity and loan financing to Kentegra Biotechnology to boost the expansion of pyrethrin production in Kenya.
Bayer West-Central Africa inaugure son premier centre Better Life Farming au bénéfice des producteurs
Dans le cadre de la mise en œuvre de sa vision : « La Santé pour Tous, la Faim pour Personne », Bayer WCA a inauguré le centre Better Life Farming (BLF).
The Decent Work for Equitable Food Systems Coalition will promote decent and productive employment across food systems. Its priorities are based on the four pillars of the ILO’s Decent Work Agenda: rights at work; full and productive employment; social protection; and social dialogue.
Ethiopia and African Development Bank Group ink $84.3 million grant agreement to enhance wheat production
The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes.
Agri-tech firm Farm Central Intelligence has emerged as the winner of this year’s AFEX Code Cash Crop 4.0 Ag-hackathon.
Swedfund invests EUR 20 million in Amethis Fund III, which is an African fund to further support the development of the private sector in Africa.
[Africa-Russia Summit] Afreximbank reiterates prioritization of food security and advancing the AfCFTA
Afreximbank reiterates prioritization of food security, promoting trade & investment and advancing the African Continental Free Trade Agreement (AfCFTA) at 2nd Russia-Africa Economic & Humanitarian Forum
As part of the new partnership, OMA will be utilizing Dimitra’s revolutionary tech stack to enhance its offering to farmers across East Africa.
Mastercard, dfcu Bank and Rabo Partnerships are joining forces to provide the innovative Farm Pass platform and tailored financial services to Uganda's agricultural ecosystem
To help farmers in Ghana to increase soybean production, the government of Japan is providing substantial funding to the West African state’s whole soy production chain.
Al Mada a annoncé la création de Teralys, une nouvelle filiale dédiée au secteur agroalimentaire international.
Kenya’s economy grew faster than anticipated in the first quarter after the agriculture sector snapped four consecutive quarters of contraction.
Digital distribution platform Kyosk acquires KwikBasket to accelerate its fresh produce business in Africa
Kyosk Digital Services, a digital-first and data-led distribution platform, has announced its expansion into the African fresh produce market with the launch of its Farm & Fresh line of business.
IFC a annoncé quatre nouveaux projets visant à accompagner les micro, petites et moyennes entreprises (MPME) en Afrique et dans le monde.
The investment will support LOLC’s expansion strategy into Africa, through the financing of MSMEs, thereby promoting a high social and developmental impact including financial inclusion, employment creation, income generation, and economic growth.
African Development Bank Group Board okays funds to support women and youth in agribusiness in Kenya
The Board of Directors of the African Development Bank Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya.
The East African Community (EAC) has launched a campaign aimed at creating awareness on the agri-export trade opportunities that have been created through the EU-EAC Market Access Upgrade Programme (MARKUP).
Proparco et Advans Côte d’Ivoire signent une convention de subvention qui facilitera l’accès au financement à près de 1500 producteurs de maïs de Côte d’Ivoire.
Goodwell Investments and its long-standing partner Alitheia Capital are proud to announce that a mixed group of investors are joining the journey to finance inclusive growth in Africa.
The 5-year strategy aligns with Kenya’s Vision 2030 blueprint for long-term development, which aims to transform the country into a newly industrializing, middle-income nation.
Agtech offers numerous tools and techniques for sustainable crop and livestock management, including the use of climate-resilient seeds, and improved breeding techniques that result in higher yields with reduced land, water, and chemical inputs
Six months from now, the world will descend on Dubai for COP28. Unfortunately, every COP summit sees more time spent talking about the vulnerabilities of the Global South and the aid required.
Arla Foods cements commitment to support local dairy development in Nigeria with inauguration of state-of-the-art farm
Letshego Ghana partners with Ghana Commodity Exchange to provide funding to farmers, brokers and aggregators and improve the farming value chain.
Inaugural West Africa Deal Summit generates commitments to deploy Catalytic Capital to close Small and Medium Enterprise (SME) financing gap.
J. Huete Greenhouses dirige la construction d’un projet agricole multidisciplinaire de 20 hectares au Sénégal.
Mastercard Foundation and First Consult announce program to support 72000 Micro, Small, and Medium Enterprises
The Mastercard Foundation and First Consult have announced the Micro, Small, and Medium Enterprise Recovery and Resilience (“MESMER”) Program to support 72,200 informal, start-up, and formal enterprises.
Le Conseil d’administration de la Banque africaine de développement a donné son feu vert à la dotation budgétaire de 11,70 millions de dollars au Mécanisme africain de financement du développement des engrais (MAFDE).
In line with its strategic intent to be a digitally powered business that is committed to transformation, Absa Bank has acquired a minority stake in the agritech start-up, Khula! App Pty Ltd.
Le gouvernement, les parlementaires, les grandes entreprises et les start-ups du Japon manifestent un intérêt croissant pour investir davantage en Afrique.
Tawi aims to provide farmers with a viable and consistent market, price transparency and efficient supply chain management.
Today humanity is facing two major problems — lack of food and water to provide for the constantly growing global population.
Youth-led African agrifood businesses are back in the spotlight as Generation Africa rolls out the 2023 edition of the Gogettaz Agripreneur Prize Competition.
AI is becoming a significant part of our lives, and there's a growing concern that it will replace human jobs, leading to unemployment.
Viva Technology et la Société financière internationale (IFC) ont annoncé le Top 45 des start-up retenues pour la deuxième édition des AfricaTech Awards, une initiative panafricaine visant à reconnaître et soutenir les start-up émergentes à l'origine de l'innovation et de l'impact sur le développement à travers le continent.
TDB Group has signed a Memorandum of Understanding with Finnfund, a Finnish development financier and impact investor, to promote investments that contribute to the UN Sustainable Development Goals in key projects in TDB member states.
Investisseurs & Partenaires (I&P) has been an influential investor in Sub-Saharan Africa for more than 20 years, focusing on financing solutions and support for small and medium-sized enterprises (SMEs) rooted in their local economies.
L’entreprise d’agritech ghanéenne Farmerline Limited qui fournit principalement des technologies de gestion de données et d’analyse prédictive dans le secteur agricole vient de lancer officiellement ses activités en Côte d’Ivoire.
To support the growth of the avocado industry in Africa, Asia, South America, and Europe, IFC, HSBC Bank, and Standard Bank announced an investment in Westfalia Fruit International Limited to help the company expand sustainable avocado production at its existing facilities and explore opportunities in new markets.
From DEG’s Up-Scaling program, the company got a co-financing of 788,000 USD, which allowed them to double their production capacity and add more growth chambers for the larvae.
The AFOS Foundation, a Germany-based autonomous and charitable organisation, says it is investing about 5.5 million euros as Intervention in Nigeria’s agriculture sector.
The global venture capital firm with teams in Nairobi, Lagos, London, and Colorado, seeks to invest in high-growth, ready-to-scale ventures that are driven by technology and business model innovation in their quest to address material economic and sustainability challenges in the region.
Awe Oludayo is a business analyst with specialties in business process improvement, business process improvement and business process management. He's the managing partner of OS Concepts, headquartered in Nigeria.
The transactions will support U.S. foreign policy and development priorities across the globe, including enabling sustainable infrastructure and energy security, advancing food security and agricultural innovation, supporting small businesses, and improving healthcare.
La Banque Ouest Africaine de Développement (BOAD) vient d'octroyer des financements de 11 milliards FCFA (16,8 millions €) au Sénégal et de 16 milliards FCFA (24,4 millions €) pour la résilience à l'insécurité alimentaire et nutritionnelle au Sahel.
Syngenta Group launches new agricultural innovation collaboration and accelerator platform to address critical scientific and technological challenges.
Barry Callebaut et Nestlé s'associent pour un projet d'agroforesterie à grande échelle en Côte d'Ivoire
L'accord à long terme entre Barry Callebaut et Nestlé permettra de déployer 11 500 hectares d'agroforesterie, y compris des paiements pour services écosystémiques (PSE) à plus de 6 000 agriculteurs en Côte d'Ivoire.
Delta40 focuses on technology-driven energy, agriculture, and mobility ventures led by diverse, experienced founders.
The first step in transforming the food system in the continent of Africa must be to acknowledge and emphasise how urgent it is to make significant changes at the national and international levels.
The program will prepare youth for employment opportunities in agribusiness and improve the economic livelihoods of smallholder farmers across the country.
Afin de renforcer la production de riz et la sécurité alimentaire au Sénégal, IFC a annoncé un partenariat avec agCelerant et Bank of Africa-Sénégal.
the West Africa Trade & Investment Hub (Trade Hub) announced that it had awarded a $1.4 million(N574 million) co-investment grant to OCP Africa Fertilizers Nigeria Limited.
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
As East Africa seeks to become a more deeply integrated and dynamic digital investment, innovation, and growth hub, it is exploring initiatives and partners to help it drive that agenda as it seeks to boost its competitiveness as an investment hub.
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
In a first of its kind move, The East African Community (EAC) has announced setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region.
Absa Bank signs USD 10 million financing deal with the eco.business Fund to support climate-smart agricultural practices in Kenya
Absa Bank Kenya PLC and the eco.business Fund, an impact fund, have announced a USD 10 million (KES1.26 billion) partnership for the bank to on-lend to domestic and export businesses participating in the country's agricultural value chains.
Plesion Capital, a social impact venture capital firm focused on partnering with mission-based entrepreneurs and companies to combat poverty around the world, today announced a $250,000 investment in Releaf, a Nigerian agritech company.
Co-founded by partners, AATI builds on McKinsey’s impact on agriculture and food systems across Africa, including work to increase food production that resulted in 11 million fewer undernourished people, 150,000 fewer deaths from hunger, and one hundred thousand new jobs.
FinDev Canada engage jusqu’à 30 millions de dollars US pour soutenir les entreprises en Afrique subsaharienne
FinDev Canada engage jusqu’à 30 millions de dollars US en faveur d’Adenia Capital (V) Limited pour soutenir les entreprises en Afrique subsaharienne
Norfund, the Norwegian government’s investment fund signed a USD 14 million financing agreement with Hela Apparel Holdings PLC to bolster the development of its manufacturing operations in East Africa. NDBIB, Sri Lanka, was the Financial Advisor for the transaction.
FinDev Canada is providing a five-year fully amortized term loan of up to US$55 million to ETG (the Group), an agribusiness that plays a key role in increasing the availability of food staples globally by connecting smallholder African farmers to international markets.
Spear Capital has concluded an investment deal with Greenwave Milling, a manufacturer and distributor of quality high-value basic commodities throughout Zimbabwe.
Passionate about sustainable agriculture, aquaculture and food security in Africa, David is the founder of fast growing agriculture and processing company, Graemoh Foods, operating out of the northern state of Kaduna, Nigeria.