Agribusiness & Biotech

Agri-Vie offloads stake in South African abalone farming company to African Pioneer Group

November 12, 2019

SOUTH AFRICA – EXEO Capital’s Agri-Vie Fund 1, an agribusiness Investment Fund focusing on Sub-Saharan Africa has announced its exit from South Africa’s abalone farming companies, HIK Abalone Farm (HIK). The exit marks the end of an eight years rewarding partnership, bring in new partners, the African Pioneer Group, an investment company with other interests […]

Read More

Kaap Agri partners with Decision Inc. in implementing a Microsoft data warehouse

November 9, 2019

SOUTH AFRICA – Decision Inc., a data, digital and performance intelligence business, is in the process of implementing a Microsoft data warehouse at the Kaap Agri group, to optimise how it manages its data to more effectively integrate the information and deliver better business insights. According to ITWeb, the Kaap Agri group specialises in retail […]

Read More

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to Boost Local Malt Production

November 3, 2019

ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help the company build and operate a malting plant in Ethiopia. The greenfield investment will help Soufflet Malt Ethiopia, a subsidiary […]

Read More

Colombia’s Discount Food Retailer Ara Tiendas secures US$93m from IFC to expand operations

November 3, 2019

COLOMBIA — Ara Tiendas, a Colombian based proximity food discounter has secured a US$93 million (about COP330 billion) from the International Finance Corporation (IFC) to help it increase the foot print of its discount grocery stores in the country. Ara Tiendas expansion drive efforts come at a time when its major customers who are mainly […]

Read More

Equity Bank inks deal with AGCO to give agribusinesses financing on tractors

October 29, 2019

KENYA – Equity Bank Kenya has signed a deal with US-based agricultural equipment manufacturer, AGCO. In the partnership, the lender will give its customers up to 80% financing which is payable within 48 months. This financing will, in addition, enable the farmers to acquire the Massey Ferguson tractors and accompanying implements. In addition, the bank […]

Read More

Finnfund boosts Zambia’s Yalelo Aquaculture with the first direct investment

October 28, 2019

ZAMBIA – Finnfund, Finnish development financier will support the expansion of Yalelo Limited, an integrated tilapia aquaculture company in Zambia with a US$6 million equity investment. Yalelo produces 12,000 tons of tilapia annually. With the investments from Finnfund and Dutch FMO, Yalelo intends to expand its annual production to 25,000 tons. The rising population of […]

Read More

USAID seeks to boost sustainable agriculture with the launch of US$35m Water and Energy for Food Challenge

October 28, 2019

GLOBAL— United States Agency International Development (USAID), has announced US$35 million for the Water and Energy for Food (“WE4F”) Challenge. The announcement was made in October at the Social Capital Markets conference (SOCAP19) in San Francisco, by USAID’s Deputy Administrator Bonnie Glick.  This initiative according to USAID will increase sustainable agricultural and food value-chains, food […]

Read More

Malawi gets US$13 million from AfDB to boost its Blue Economy

October 16, 2019

MALAWI – The African Development Bank Group has approved a US$13.2 million financing package from the African Development Fund for a fisheries and aquaculture development project in the country. The country’s government will add another US$1.38 million for the Sustainable Fisheries, Aquaculture Development, and Watershed Management project designed to protect Malawi’s water resources while leveraging […]

Read More

Tullow partners with Stanbic Bank to open Agriculture Enterprise Centre in Oil Region

October 7, 2019

UGANDA – Tullow Uganda is in partnership with Stanbic Bank Uganda to open an Agriculture Enterprise Centre in Hoima, an oil rich District in the Albertine region. This is in a bid to expand the reach of its business incubator programme and impact on small and medium enterprise (SME) growth across the country. The Centre, […]

Read More

Cooper K-Brands inaugurates US$7m feed supplement manufacturing plant

September 18, 2019

KENYA – Cooper K-Brands Limited (CKL), an animal health company, has commissioned a Sh700 million (US$7m) animal feed supplement manufacturing plant at Tatu City, central Kenya to expand its production capacity. Seated on 5.7 acres of land, the new factory has a capacity to produce 2 tons per hour of nutritional supplements for livestock. The factory […]

Read More