30-10-2014 23:52:00 | by: Administrator | hits: 22110457 | Tags:

EIB and Bank of Kigali outline EUR 100 million plan to enable farmers adapt to climate change
04-12-2023 | 06:08:16
New agriculture and agri-business climate finance to support farmers and agri-businesses prepare for extreme weather, increased drought and increased rains.
[Kenya] Twiga Foods raises undisclosed amount of funding
30-11-2023 | 07:29:00
Twiga Foods, the Kenyan agri-tech startup has raised an undisclosed amount of funding capital from a group of investors including Creadev and Juven.
EIB supports Africa’s first of a kind cold storage facility launch
30-11-2023 | 07:15:00
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 l’acquisition de Yara Cameroun qui devient Hydrochem Cameroun
30-11-2023 | 06:48:00
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
29-11-2023 | 06:20:00
Oikocredit is providing a loan of € 7.5 million to support the growth initiatives of Vista Bank Burkina in Burkina Faso.
La BAD accorde un financement de près de 87 millions d’euros pour la réalisation de l’Agropole Nord
27-11-2023 | 09:30:00
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 announces agriculture accelerator projects to support farmer livelihoods across the globe
24-11-2023 | 12:14:10
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.
Sustainable AgTech - Redsea appoints Bruno De Oliveira VP East Africa & Egypt
23-11-2023 | 13:33:00
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.
EBID extends USD 50 million to WEMA Bank Plc to support agro-industry in Nigeria
23-11-2023 | 11:22:00
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
20-11-2023 | 20:00:00
Le Fonds saoudien pour le développement accorde environ 2 milliards de riyals de prêts concessionnels pour soutenir des projets de développement en Afrique.
New partnerships to support southern African smallholder farmers
15-11-2023 | 06:06:42
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
13-11-2023 | 07:47:00
L’African Guarantee Fund(AGF) et Technoserve établissent un partenariat pour stimuler les investissements dans l’industrie Ouest-Africaine du cajou.
OCP et la Banque Mondiale unissent leurs forces en Afrique de l’Ouest
08-11-2023 | 09:00:00
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, UM6P et Regrow sign a partnership to develop a MRV system
08-11-2023 | 07:30:00
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.
BII commits $26.5 million to AFEX to address food security in Nigeria, Kenya and Uganda
02-11-2023 | 07:05:00
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 launches UGX23.9 billion Dairy-Horticulture Credit Fund
02-11-2023 | 06:56:00
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
02-11-2023 | 05:11:00
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
30-10-2023 | 06:00:04
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
27-10-2023 | 08:30:00
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
27-10-2023 | 07:00:00
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
25-10-2023 | 07:45:00
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.
TDB, MIGA and OCP group to enhance collaboration in Africa to boost food security
23-10-2023 | 08:00:00
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 entame le processus d'adhésion à Africa50 pour devenir actionnaire
19-10-2023 | 07:09:00
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.
$19.8 Million to strengthen food Security in Morocco and Senegal
17-10-2023 | 11:00:00
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
11-10-2023 | 12:06:40
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
09-10-2023 | 07:48:00
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.
Kenyan VC, Enza Capital closes $58 millions Fund II
02-10-2023 | 14:29:00
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
02-10-2023 | 13:40:36
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
28-09-2023 | 11:23:00
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
21-09-2023 | 15:03:00
NSIA Banque CI obtient 20 millions d'euros de l’AATIF pour ses interventions dans le secteur agricole.
United States and Tanzania announce a $24 million food security project
19-09-2023 | 11:07:00
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.
[Uganda] Agritech startup Emata raises $2.4 million seed funding
14-09-2023 | 10:30:00
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.
Winners of the $116,000 2023 GoGettaz Agripreneur Prize Competition announced
11-09-2023 | 09:09:00
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
07-09-2023 | 11:04:00
African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses.
[Africa Climate Summit 2023] Catalyzing investments for sustainable Livestock Innovators
06-09-2023 | 09:44:00
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.
Kentegra Biotechnology received funds to boost the expansion of pyrethrin production in Kenya
23-08-2023 | 10:55:14
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
21-08-2023 | 13:58:00
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).
IFAD, ILO and CARE International launch partnership to promote decent work across food systems
18-08-2023 | 14:18:07
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
16-08-2023 | 14:04:00
The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes.
[Nigeria] Farm Central Intelligence Wins AFEX Code Cash Crop 4.0 Ag-hackathon
14-08-2023 | 14:51:00
Agri-tech firm Farm Central Intelligence has emerged as the winner of this year’s AFEX Code Cash Crop 4.0 Ag-hackathon.
Swedfund to invest EUR 20 million in Amethis Fund III
31-07-2023 | 14:22:34
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
31-07-2023 | 14:11:48
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
[Kenya] Dimitra announces partnership with sustainability tech organization One Million Avocados
20-07-2023 | 13:35:00
As part of the new partnership, OMA will be utilizing Dimitra’s revolutionary tech stack to enhance its offering to farmers across East Africa.
[Uganda] dfcu Bank, Mastercard and Rabo join forces to digitize agricultural ecosystem
20-07-2023 | 11:07:00
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
Ghana receives support to boost soybean production
11-07-2023 | 11:59:00
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 lance sa nouvelle filiale Teralys spécialisée dans le secteur agroalimentaire au Sénégal
10-07-2023 | 15:15:00
Al Mada a annoncé la création de Teralys, une nouvelle filiale dédiée au secteur agroalimentaire international.
Kenya economic growth beats estimates as Agriculture picks up
06-07-2023 | 11:42:00
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
05-07-2023 | 08:24:33
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 annonce de nouveaux projets pour soutenir les MPME
29-06-2023 | 13:48:00
IFC a annoncé quatre nouveaux projets visant à accompagner les micro, petites et moyennes entreprises (MPME) en Afrique et dans le monde.
Verdant Capital Hybrid Fund completes a USD 9 million investment in LOLC Africa
29-06-2023 | 12:53:45
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
26-06-2023 | 14:45:06
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.
East African Community rolls out campaign to grow agri-export trade
16-06-2023 | 13:48:32
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 dans l'accompagnement des producteurs de maïs de
15-06-2023 | 17:15:00
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.
UMUNTHU II has announced the first close with EUR 57 million for inclusive businesses in Africa
15-06-2023 | 17:01:35
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.
AGRA unveils strategy to boost food security, smallholder farmer resilience in Kenya
15-06-2023 | 09:05:00
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.
[Column] Nixon Gecheo: Agtech, a pivotal force driving climate change action in agriculture
05-06-2023 | 07:56:00
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
[Column] Mansoor Hamayun: Why smallholder farmers should be top of the bill at COP28
02-06-2023 | 10:35:38
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.
[Nigeria] Arla Foods inaugurates state-of-the-art Dairy Farm in Kaduna
29-05-2023 | 10:59:12
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 improve value chain in farming
29-05-2023 | 09:04:13
Letshego Ghana partners with Ghana Commodity Exchange to provide funding to farmers, brokers and aggregators and improve the farming value chain.
2CAfrica campaign was launched to increase SME financing and build local financing ecosystems
25-05-2023 | 08:18:04
Inaugural West Africa Deal Summit generates commitments to deploy Catalytic Capital to close Small and Medium Enterprise (SME) financing gap.
J. Huete international démarre un projet de production horticole sur 20 hectares au Sénégal
25-05-2023 | 08:04:00
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
22-05-2023 | 10:30:00
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.
USD 11,70 millions de la BAD pour faciliter l’accès aux engrais des producteurs agricoles africains
18-05-2023 | 11:37:00
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).
Absa acquires minority stake in agritech start-up, Khula!
18-05-2023 | 10:51:00
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.
Les investisseurs japonais déclarent vouloir faire plus d’affaires avec l’Afrique
11-05-2023 | 10:40:00
Le gouvernement, les parlementaires, les grandes entreprises et les start-ups du Japon manifestent un intérêt croissant pour investir davantage en Afrique.
SC Ventures launches Tawi to improve financial access for smallholder farmers in Kenya
10-05-2023 | 09:51:00
Tawi aims to provide farmers with a viable and consistent market, price transparency and efficient supply chain management.
How technology help with irrigation in Africa
10-05-2023 | 06:30:00
Today humanity is facing two major problems — lack of food and water to provide for the constantly growing global population.
Applications the annual $100k GoGettaz Agripreneur Prize Competition open
08-05-2023 | 14:59:08
Youth-led African agrifood businesses are back in the spotlight as Generation Africa rolls out the 2023 edition of the Gogettaz Agripreneur Prize Competition.
[Column] Malik Shaffy Lizinde: Unlocking the Potential of AI-From Fear to Excitement
08-05-2023 | 09:51:00
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 IFC annoncent un record de participation aux AfricaTech Awards 2023
08-05-2023 | 09:36:00
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 and Finnfund working together for investment development in Africa
20-04-2023 | 11:26:00
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.
[Interview] Alexis Thirouin, Financial Director at Investisseurs & Partenaires - I&P
13-04-2023 | 10:01:00
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.
Farmerline étend ses opérations à l'Afrique francophone avec un lancement en Côte d'Ivoire
12-04-2023 | 12:53:00
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.
IFC, HSBC and Standard Bank invest in Westfalia to boost sustainable avocado production
12-04-2023 | 11:54:00
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.
Maltento to be financed by DEG to increase the production from organic waste
12-04-2023 | 10:43:51
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.
German foundation pledges €5m to agriculture sector in Nigeria
11-04-2023 | 13:00:24
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.
VC firm Equator raises $40 million in commitments for African climate tech startups
06-04-2023 | 09:20:25
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.
[Interview] Awe Oludayo, Managing Partner, OS Concepts, Nigeria
03-04-2023 | 12:47:00
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.
More investments to bolster infrastructure, energy security, food security, and healthcare from DFC
03-04-2023 | 12:16:37
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.
BOAD va accorder plus de 41 millions € pour la sécurité alimentaire au Sénégal et au Niger
03-04-2023 | 11:24:00
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 “Shoots by Syngenta™” for innovative agriculture
30-03-2023 | 11:51:00
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
27-03-2023 | 11:06:00
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.
Factor[e] Ventures launches a new venture studio to transform the African startup ecosystem
23-03-2023 | 12:01:16
Delta40 focuses on technology-driven energy, agriculture, and mobility ventures led by diverse, experienced founders.
[Column] Yaya Deome: What Africa should expect from the Dakar Food Summit
16-03-2023 | 11:58:00
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.
[Kenya] FMC Corporation invests in new programme targeting youth in agriculture
16-03-2023 | 07:50:03
The program will prepare youth for employment opportunities in agribusiness and improve the economic livelihoods of smallholder farmers across the country.
7 millions $ pour améliorer l’accès au financement dans la filière rizicole au Sénégal
15-03-2023 | 14:11:00
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.
Trade Hub awards $1.4 million co-investment grant to OCP Africa Fertilizers Nigeria Limited
15-03-2023 | 11:36:00
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.
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
14-03-2023 | 14:57:02
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.
[Nigeria Business Week] Andrea Ayemoba: 2022 statistics outline Nigeria's economic status quo
14-03-2023 | 14:56:53
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.
[East Africa Business Week] Bob Koigi: Enhancing regional digital integration
14-03-2023 | 14:56:52
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.
[East Africa Business Week] Bob Koigi: Scaling startups’ investment in the region
14-03-2023 | 14:56:50
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
[East Africa Business Week] Bob Koigi: Deepening diaspora remittances, driving regional investment
14-03-2023 | 14:56:43
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
09-03-2023 | 09:55:32
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 invests in Nigerian agritech startup Releaf
02-03-2023 | 09:54:00
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.
McKinsey co-founds effort to transform agriculture and food systems in Africa
01-03-2023 | 11:01:00
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
27-02-2023 | 13:01:00
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 to support the development of Hela Apparel Holdings with an investment of USD 14 Million
27-02-2023 | 12:15:17
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 invests US$55 million to help smallholder African farmers access global markets
23-02-2023 | 14:07:00
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 to invest in Greenwave Milling
22-02-2023 | 11:08:00
Spear Capital has concluded an investment deal with Greenwave Milling, a manufacturer and distributor of quality high-value basic commodities throughout Zimbabwe.
[Interview] David Galadima, Founder, Graemoh Foods, Nigeria
20-02-2023 | 11:07:00
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.