[South Africa] Premier Group returns to the JSE after 18 years as an unlisted company
Shares in Premier Group Limited have began trading on the Johannesburg Stock Exchange (JSE), giving investors exposure to a major South African food and consumer packaged goods (CPG) business.
Food tech company GrubMarket expands into Egypt
These developments represent GrubMarket's underlying commitment to building a robust, global supply chain for high-quality, fresh produce.
Visit Rwanda signed a new deal
The Rwanda Development Board (RDB), through the Visit Rwanda campaign signed a Memorandum of Understanding with the Veteran Clubs World Championship where Rwanda will host the next three editions of the football tournament.
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.
KFC appoints Akhona Qengqe General Manager for Africa
Akhona’s experience, spans across multiple industries including petroleum, property, marketing, operations and convenience retail. She has also served as the Chairperson of the Board of the Franchise Association of South Africa.
[Column] Yaya Deome: What Africa should expect from the Dakar Food Summit
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.
7 millions $ pour améliorer l’accès au financement dans la filière rizicole au Sénégal
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
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.
[ChatGPT Biography] Aliko Dangote, Founder of Dangote Group
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write. We publish the results unedited - just to learn and see what Artificial Intelligence can bring us in its rapid development.
[Column] Givemore T. Chiwanza: How has the Russia-Ukraine crisis affected Africa?
This Ukraine crisis escalated on 24 February 2022 and has tremendously impacted the global socio-economic terrain. The situation has and will continue to affect the African continent's financial system and food and energy security.
[East Africa Business Week] Bob Koigi: Deepening diaspora remittances, driving regional investment
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.
[East Africa Business Week] Bob Koigi: Cushioning food systems from shocks
This week, thousands of delegates across the continent and beyond are gathered in Kigali, Rwanda for the African Green Revolution Forum, AGRF, an annual event bringing governments and partners together around food security and making safe, nutritious foods produced in a sustainable way available to all Africans.
[Nigeria Business Week] Andrea Ayemoba: Government, Industries move to expand women enterprise
With plunging profits in its prized sector, oil and gas, and an ever-climbing inflation, Nigeria is increasingly turning to what most of the world has been blind to – the potential of women in business.
[Nigeria Business Week] Andrea Ayemoba: Telcos break new ground, digital loans gain momentum
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
[Nigeria Business Week] Andrea Ayemoba: Persistent shortages and inflation call for new measures
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
[Interview] Janusz Luterek, Partner, Hahn & Hahn Attorneys, South Africa
Janusz Luterek, a partner at South Africa-based law firm Hahn & Hahn Attorneys will be speaking at the Future Foods Conference on the legal impediments to launching novel foodstuffs in South Africa.
[Nigeria Business Week] Andrea Ayemoba: Domestic savings, capital formation meet infrastructure demands
The Federal Government is taking huge strides to strengthen the infrastructure and agriculture industries in Nigeria.
[Nigeria Business Week] Andrea Ayemoba: Government, Central Bank turn focus to the startup movement
There’s an ongoing comparison in Nigeria's status quo that is causing some rift – the national statistics and reports are showing a promising and stable economy, but the situation on-ground reflects a different reality.
[Nigeria Business Week] Andrea Ayemoba: 5G becomes national security policy, industries seek sustainability in technology
The one thing the current global pandemic has unilaterally effected in all nations is a rearrangement of priorities, both for people and for governments. Survival elements – food and healthcare – have taken lead position.
[Nigeria Business Week] Andrea Ayemoba: Come dry season, food production and supply chain gain emphasis
As we have established time and again, fertile lands and an able, skilled workforce are a vital combination for a thriving agricultural sector.
[Nigeria Business Week] Andrea Ayemoba: Q3 stats show industries thriving, strong investor confidence
Nigeria earns every week its place as Africa’s largest economy. While subject to the typical ups and downs any market is expected to have, its mere size guarantees a general continuity of business operations even in the face of a spiraling inflation trend.
[Column] Victoria Epelle: The retail value chain and its ongoing counterfeit battle
Counterfeit products have a presence across major industries in Nigeria. The impact of having these counterfeit products for manufacturers range from dwindling sales and failed customer loyalty schemes.
[Column] Quinton Swart: Why boxed water is better? Thinking inside of the box when it comes to packaging water
Packaged water in South Africa is a growing market, commonly bottled in polyethylene terephthalate (PET) plastic. While this material is recyclable, more than half of plastic waste is not recovered, most of it ending up in landfill or in waterways.
Most commodity prices to drop in 2020 as COVID-19 depresses demand, disrupts supply, World Bank
The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.
Economic impact of COVID-19 on African cities likely to be acute through a sharp decline in productivity, jobs and revenues, ECA
As part of its analysis to inform COVID-19 policy responses, the ECA is calling for adequate consideration of the vulnerability of city economies.
[Column] Michael Arum: Sugar industry faces exacerbated decline and extinction on proposed regulations in Kenya
Kenya’s sugar industry has many natural advantages, almost all of which have been undermined by policy and public mismanagement that has seen its productivity slump.
[Column] Ben Leo: Uncovering high-potential retail sites in Zambia
With its open trade environment, loosening tax policies, and development plan that encourages investment, Zambia has become an enticing market for business, especially over the past five years.
[Kenya Business Week] Breathing new life into SMEs
Small and medium sized businesses in Kenya represents 75 per cent of the country's workforce, constitute 98 percent of all businesses in Kenya and contribute 3 percent to the national purse.
[SA Business Week] Key sectors appointments and a busy air route
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
[Column] Byron Mudhune: Looming danger in Africa’s food imports
Addressing Africa’s food import and consumption has suffered from extreme mood swings with the pendulum moving from episodes of pessimism to euphoria.
[Startup Interview] David Mbuta, CEO, Ubuntu Meal Delivery Services, Zambia
David Mbuta is the founder of Ubuntu Meal Delivery Services Ltd, a Zambian startup that is riding on a burgeoning working class conscious about their health and looking for convenience.
[Startup Interview] Olalekan Akinseye, CEO, HFC Clothing Ventures, Nigeria
Olalekan Akinseye runs a clothing brand in Nigeria that is tapping the evolving nature of fashion and the apparel industry to champion the war on cancer.
[Column] Bob Koigi: A trillion dollar African food market is only a commitment away
On average fertilizer use most African countries is less than 10 percent of the world’s average, with fertilizer access by especially smallholder farmers being the biggest headache.
[Startup Interview] Kyei Faried Owura, Founder, Edwa Global Company, Ghana
Kyei Faried Owura is the brains behind Edwa Global Company, a Ghana based startup revolutionizing food purchase online in the local and international markets while creating jobs for farmers and players across the value chain.
Nigerians seek next level shopping experience - Nielsen findings
Despite Nigeria’s retail sector being dominated by independent formats like Open Markets and Kiosks in terms of absolute store numbers, modern trade formats like Supermarkets and Hypermarkets are stepping up to fulfil the needs of consumers.
[Interview] Thiagarajan Ramamurthy, CEO, Bidco Africa
Thiagarajan Ramamurthy, TRM, is a name synonymous with strategy and tact. He has been a formidable juggernaut in retail and manufacturing industries across Africa.
[Interview] Paul Langlois-Meurinne, CEO and Co Founder, Optimetriks, Kenya
Paul Langlois-Meurinne is the co-founder and CEO of Optimetriks, a company that has developed an innovative data collection crowdsourcing platform to help Fast Moving Consumer Good companies and institutions monitor their distribution in Africa at outlet levels.
[Startup Interview] Hope Okoronkwo, Founder, L’insoumis Ghana Ltd
Africa Business Communities interviews Hope Okoronkwo, the founder and CEO of L’insoumis Ghana Ltd. The startup has cut a niche in the menswear business targeting executives.
[Startup Interview] Nena Okeke, Founder, Tai-tas Insperasa, Nigeria
Nena Okeke is synonymous with resilience and diversity. Having set up her startup in 2008, it took her six years to see it finally up and running.
[Column] Flora Mutahi: What does a declining retail sector spell out for our country?
I am not certain that we, as a nation, have fully grasped the extent to which a declining retail sector can negatively impact our entire economy.
[Interview] Adwoa Hagan-Mensah, Founder, Eat Jollof, UK
When the world thinks of fine-dining, African food is not often at the top of the list of cuisines to be considered, something which Ghana-born Adwoa Hagan-Mensah is working hard to change.
[Column] Bob Koigi: Pause and reflect on role of inputs in breaking hunger cycle
On average Kenya imported around 500,000 metric tons of fertilizer each year to sate growing demand by farmers both large and small scale, emerging as the second largest fertilizer market in Africa after South Africa in overall tonnage.
Modern Poultry Industry is taking shape in Africa - Report
Africa is ready to take its place on the world stage, as the poultry industry is evolving, from a national and regional basis to a more global platform, according to RaboResearch’s latest report ‘Time for Africa: Capturing the African Poultry Investment Opportunity’.
Suminter raised 53 million USD funds from Morgan Stanley India Infrastructure and IFU for organic agriculture
Suminter, an Indian B2B supply chain management company for organic agricultural products, has raised 53 million. USD in funding from Morgan Stanley India Infrastructure and IFU.
Ghana’s food-tech startup Legendary Foods wins Sankalp Africa Awards 2023
Legendary Foods, a food-tech startup from Ghana is the overall winner of the 10th Edition of the Sankalp Africa Summit Awards.
FinDev Canada invests US$55 million to help smallholder African farmers access global markets
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.
Kholo Capital Mezzanine Debt Fund I achieve first close at R870m
Kholo Capital Mezzanine Debt Fund I has secured R870m in commitments for long-term mezzanine debt investment in support of growth, job creation and advancement of transformation within mid-market companies with operations in Southern Africa.
Spear Capital to invest in Greenwave Milling
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
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.
Satgana's investment into Yeasty's €1.4m Pre-Seed round, alongside Asterion Ventures and Caméléon Invest
Food-tech startup, Yeasty has raised €1.4 million for its circular approach to alt-protein which uses leftover brewer’s yeast.
MICT to revolutionize Africa’s food industry through wholly owned subsidiary, Tingo Foods
MICT announced that it has entered into a corporate transaction giving it ownership of 100% of Tingo Foods PLC, which has successfully developed a food processing business with a current capacity to process and wholesale more than $1 billion of food produce per annum.
Visa teamed with Tingo to promote financial inclusion and access to digital payment for Africa’s farmers
Tingo Mobile and Visa announced the launch of their pan-African strategic partnership, which aims to improve access to digital payments and financial services and drive financial inclusion across Africa.
Acumen to support SokoFresh in reducing post-harvest losses for farmers
Acumen has invested in SokoFresh, which provides smallholder farmers in East Africa with cold-storage solutions and market access to reduce post-harvest losses and guarantee demand for produce.
Norfund to support expansion of South-African food ingredient producer Synercore
Norfund invests in food ingredient producer Synercore to finance the company’s expansion, creating highly skilled jobs and promoting import substitution in South Africa.
AfGS to Partner with Bechtel and ETG in Zambia
AfricaGlobal Schaffer, along with Bechtel Corporation and Export Trading Group’s Empowering Farmers Foundation, is excited to partner with USAID and their private sector matching parties to increase food security in Zambia.
NORFUND invests in SAMANU to increase the production of edible oils in Ethiopia
Norfund and a consortium of private investors managed by 54 Capital announce $21 million growth capital investment into Ethiopia’s largest FMCG platform SAMANU. Increased local production of edible oil will create jobs, increase food security, and provide income for up to 200,000 smallholder farmers.
Brastorne connects the unconnected in Cameroon
Brastorne has officially launched mAgri in Cameroon, the service will be marketed under the name Myfarm, and it continues to give farmers access to agricultural information, marketplaces and short-term financing to smallholder farmers in Cameroon.
Heifer International selects ThriveAgric, DigiCow and Brastorne as winners of the 2022 AYuTe Africa Challenge
Showcasing Young Tech Talent Delivering for African Farmers, Heifer International selects ThriveAgric, DigiCow and Brastorne as winners of the 2022 AYuTe Africa Challenge
CellPoint Digital partners with Akwaaba to scale grocery e-commerce
CellPoint Digital, the London-based pioneer of Payment Orchestration, has announced it is partnering with Akwaaba, a multinational food, grocery and household goods retailer.
Heifer International to partner with Mastercard to empower millions of smallholder farmers in Africa
Heifer International and Mastercard have announced an agreement to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard's Community Pass – a digital platform that makes it safer and easier for farmers to get paid more and faster for their produce.
[Sommet Nourrir l’Afrique] :10 milliards de dollars pour faire de l’Afrique le grenier du monde
Le Groupe de la Banque africaine de développement prévoit d’investir dix milliards de dollars au cours des cinq prochaines années pour aider l’Afrique à éradiquer la faim et devenir le principal fournisseur de denrées alimentaires pour elle-même et pour le reste du monde.
Sasol reveals the new partnership for its convenience centres
Energy giant Sasol is revealing its new strategic partners for its convenience centres at the Sasol Circle Centre in Centurion.
Kasada acquiert le Lamantin Beach Resort & Spa a Saly, Au Senegal
Kasada, plateforme indépendante de private equity immobilier dédiée à l’hôtellerie en Afrique subsaharienne et leader sur son segment, a annoncé l'acquisition de l'un des complexes hôteliers les plus en vue du Sénégal : le Lamantin Beach Resort & Spa.
Les partenaires vont investir 30 milliards de dollars pour stimuler la production alimentaire en Afrique
Les partenaires au développement sont convenus d’investir 30 milliards de dollars pour soutenir la détermination du continent à stimuler la productivité agricole et à devenir un grenier pour le monde.
Proparco, BIC-BRED et Céréalis s’associent pour soutenir les importations de céréales en Afrique
Proparco et Bic-Bred (Suisse) SA ont signé un partenariat, sous la forme d’une participation en risque dans une facilité de financement octroyée à Céréalis.
Aruwa makes follow-on investment in AgroEknor
Aruwa Capital Management to announce a follow-on investment into AgroEknor International, a fast-growing hibiscus flower exporter and wellness brand.
$10.15 million from to boost fertilizer supply to 850,000 African smallholder farmers
Africa Fertilizer Financing Mechanism welcomes $10.15 million from the Norwegian Agency for Development Cooperation to boost fertilizer supply to 850,000 African smallholder farmers.
Allemagne et FIDA unissent pour mobiliser les financements privés en faveur des communautés rurales
L’Allemagne et le FIDA unissent leurs forces pour mobiliser les financements privés en faveur des communautés rurales sur le continent africain.
OFID has approved loans totaling $500 million for global challenges in Africa
The Opec Fund for International Development (OFID) has approved loans totaling $500 million for several countries around the world, including a large part in Africa to develop renewable energy, provide access to water and improve food security in the face of external constraints.
Oikocredit soutient les petits producteurs de cacao en Côte d'Ivoire
Principale culture agricole et produit d'exportation, le cacao fait vivre environ 1,5 million de ménages sur les plus de 28 millions d'habitants que compte le pays raison par laquelle Oikocredit travaille avec des coopératives de producteurs de cacao, des PME et des institutions de microfinance (IMF) actives dans le secteur du cacao ivoirien.
Radisson Hotel Group opens first Zambian resort near Victoria Falls
Radisson Hotel Group to announce the opening of Radisson Blu Mosi-oa-Tunya Livingstone Resort, Zambia and is a key step towards its goal of reaching 150 hotels in operation and under development in Africa by 2025.
AgDevCo élargit son portefeuille en Côte d'Ivoire pour faciliter l'accès aux intrants agricoles
AgDevCo a annoncé son investissement dans le secteur agroalimentaire de 5,5 millions d'euros dans le groupe Afrique Phyto Plus (A2P), une entreprise de négoce et de production d'intrants agricoles opérant en Côte d'Ivoire, au Mali, au Burkina Faso et en Afrique de l'Ouest plus généralement.
U.S. Agencies forge partnership to improve food safety standards globally
The initiative includes the investment of $15 million over the next five years to support the availability and trade of safe food products to reduce poverty, hunger, and malnutrition in low- and middle-income countries.
TDB Group extends usd100 million financing to the export trading group to support farmers in Africa
The Eastern and Southern African Trade and Development Bank (TDB) has extended a USD 100 million trade finance facility to Agri Commodities and Finance FZE-LLC (ACF), a subsidiary of the Export Trading Group (ETG), one of the largest agricultural supply chain operators in Africa.
WFP launches virtual marketplace to boost smallholder farmers’ income in Namibia
The United Nations World Food Programme (WFP), is collaborating with Tololi Online, an e-Commerce platform to set up a virtual marketplace as part of efforts to improve market access and boost farmers’ income in Namibia.
[Kenya]: SEMAKENYA II launched to promote agro-ecology and biofuels in the country
The Italian Agency for Development Cooperation (AICS), the Embassy of Italy in Nairobi and Eni have launched SEMAKENYA II programme to test climate-resilient agronomic practices and technologies in Makueni County.
FMN-Golden Agri Limited awarded 500 million Naira in to improve the production of maize and soybean in Nigeria
The USAID-funded West Africa Trade and Investment Hub (Trade Hub) has awarded 562.9 million naira in co-investment grants to Golden Agri – Inputs Limited (GAIL), a wholly owned subsidiary of Flour Mills of Nigeria Plc (FMN).
DFC announced $369 million in new projects including in health, energy and food security
At the U.S.-Africa Business Forum, U.S. International Development Finance Corporation (DFC) announced active commitments across Africa totaling more than $11 billion. This includes $369 million of new active commitments announced as part of the U.S.-Africa Leaders Summit.
Mobility for Africa receives $2 million funding from InfraCo
InfraCo Africa has signed an agreement committing US$2 million to scale the offering of Mobility for Africa, an electric mobility company delivering affordable, cargo-carrying e-tricycles and solar-powered battery charging solutions for underserved communities in rural Zimbabwe.
Kwely launches game-changing Made-in-Africa marketplace
The Senegal-based startup introduces to the public the minimum viable product (MVP) version of its B2B online store for Made in Africa products targeting small and large businesses globally.
Tanzania to host the AGRF, Africa’s Food System Forum 2023
The AGRF, Africa’s Food Systems Forum, is the premier platform for advancing the agriculture and food systems agenda on the continent; from food security to agri-food investments.
Oikocredit et I&P prennent des participations dans l'agro-transformateur Agroserv au Burkina Faso
Oikocredit et Investisseurs & Partenaires, avec le soutien des prêteurs BIO Invest et EDFI AgriFI, investissent 12,2 millions d'euros dans Agroserv.
African Development Fund approves $13.95 million grant for Borana for Improved livelihoods program
The Board of Directors of the African Development Fund has approved a $13.95 million grant to the Government of Ethiopia to implement the first phase of a livelihood improvement project for pastoralist communities in Ethiopia’s drylands.
[Nigeria] Food-tech Orda raises $3.4 million seed round to digitize African restaurants
Nigerian food-tech platform Orda announced has raised a $3.4 million seed round to further digitize food businesses across the continent.
GAIN and CARE signed MoU to improve access to affordable healthy diets
CARE and the Global Alliance for Improved Nutrition (GAIN) announced the signing of a memorandum of understanding, establishing a global partnership to improve access to affordable healthy diets.
Ethiopian innovator emerges as winner of USAID-Funded Food Safety Challenge
The USAID-Funded Food Safety Challenge aims to enable lasting improvements in the safety of nutritious foods in Ethiopia and Nigeria, and over 750 applications were received.
Les fonds ARAF renforce les activités de Famerline, FarmWorks et Sunculture
Famerline, FarmWorks et Sunculture, ont été financé par le fonds ARAF aident, par l’innovation technologique, les petits exploitants agricoles à s’adapter au changement climatique en Afrique de l’Est et de l’Ouest.
AFD is funding water and sanitation projects in Ethiopia
The first project funded by AFD will improve access to water for 1 million people in 45 towns, and the second will provide 2.6 million people with improved, gender-sensitive sanitation facilities.
Big John beats Ya’hunga with Chicken Licken’s new ad
Inspired by this, Chicken Licken wanted to tell a tale of just how legendary the burger is and how far someone would go to get their hands on one.
Katapult launched startup accelerator in Kigali
The event brought together over 200 investors, gathering to see 7 of the most innovative agri-tech startups tackling value-chain inefficiencies and impact on the continent.
Climate Tech VC firm Satgana announced the first closing of its fund with a €30m target size
Venture Capital firm Satgana announced the first closing of a target €30m VC fund to back the next generation of purpose-driven entrepreneurs building the Future of Earth.
Nestlé partners with Africa Food Prize to strengthen food security and climate change resilience
Nestlé announced that it is partnering with the Africa Food Prize to help accelerate the transformation of food systems in Africa, as a way of strengthening the continent's food security and building greater climate change resilience.
PepsiCo injects $40m investment to expand its Senselet snacks business in Ethiopia
PepsiCo is finalizing an investment proposal of approximately $40 million, to expand its Senselet snacks business in Ethiopia, and is considering the possibility of further investments in the country to expand the company’s portfolio beyond snacks.
Novo Nordisk Foundation, WFP launch partnership to improve food systems in Rwanda and Uganda
The Novo Nordisk Foundation and the United Nations World Food Programme (WFP) have sealed a partnership to further advance WFP's homegrown school feeding and smallholder farmer support programmes in Rwanda and Uganda.
IFC, FMO invest in United Exports to strengthen South Africa’s blueberry sector
IFC and the Dutch entrepreneurial development bank (FMO) have partnered to provide funding and advisory support to United Exports to help the company increase sustainable blueberry production in South Africa.
Radisson Group pose la première pierre d’un complexe hôtelier à Yaoundé
Le groupe hôtelier international Radisson Blu a posé la première pierre de son complexe hôtelier à 56,5 millions $ à Yaoundé, la capitale du Cameroun.
Un prêt 63 millions d’euros pour un projet d'agro-industrie au Sénégal par BAD
Le Conseil d’administration du Groupe de la Banque Africaine de Développement a approuvé le un prêt de 63,6 millions d’euros au Sénégal pour financer la mise en œuvre du Projet de zone de transformation agro-industrielle du Centre, dénommé Agropole-Centre.
Kineden sécurise près de 40 M€ menée par OBARA Capital
KINEDEN Commodities SA, l’entreprise ivoirienne de négoce de cacao durable, a fait une importante annonce, affirmant qu’elle a réussi à sécuriser près de 40 millions d’euros auprès d’un pool de banques internationales grâce à OBARA Capital, dirigé par Bernard Ayitee.
Nigerian social commerce startup Bumpa raises $4m seed funding to build the future of commerce for African sellers
Nigerian social commerce startup Bumpa has raised $4 million seed round led by Base10 Partners, the largest black-led fund in the world, with participation from Plug & Play Ventures.
Pezesha is partnering with EzyAgric to offer Buy Now Pay Later services to farmers in Uganda
Agro-inputs distributors working with EzyAgric will be able to apply for inventory financing in the form of short-term credit to buy genuine and affordable inputs stock right when they need it and pay for it later.