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 […]

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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 […]

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Australian impact investor plans US$40m investment fund in Africa

August 31, 2019

AFRICA – Palladium, an Australian based advisory and management group, has rolled out a new impact fund that is expected to raise US$40 million for investment in agribusinesses across Africa. According to the firm, the Palladium Impact Fund I marks its first fund following two recent successful direct investments. It aims to make its first […]

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Rwanda partners with IFAD in US$24.7m project to enhance climate resilience

June 25, 2019

RWANDA – The International Fund for Agriculture Development (IFAD) has partnerd with Rwanda in a new US$24.7 million project that aims to improve food and nutrition security, climate resilience and raise incomes by increasing production.   The projects dubbed “Kayonza Irrigation and Integrated Watershed Management Project” seeks to improve the livelihoods about 7,167 rural households in […]

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European Investment Bank partners Equity Bank in US$66.2m agro-processing loan scheme in Kenya

June 14, 2019

KENYA – The European Investment Bank (EIB) has unveiled a US$66.2 million (Kshs6.62 billion) financial package for onward lending to farmers and agro-processors servicing demand-driven contracts in Kenya. Dubbed the Kenya Agriculture Value Chain Facility, the financing program was launched in Nairobi with the sopport fron the European Union. EIB signed a partnership with Equity […]

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Tanzania’s NMB Bank sets aside US$217.65m credit facility for dairy sector

June 10, 2019

TANZANIA – The NMB Bank, a commercial bank in Tanzania, has set aside US$217.65 million (Tshs500 billion) to finance milk processing ventures in a bid to boost several milk processing plants in the country. The financial institution said that the funding, which will be available as a credit facility, is also aimed at boosting milk […]

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AfDB approves US$113.42m to facilitate agriculture commercialisation in Africa

June 10, 2019

AFRICA – The African Development Bank (AfDB) has approved a US$113.42 million partial credit guarantee for the development of commercial agriculture projects across the continent. In a statement, AfDB said the funding will be disbursed into various countries through the African Agriculture Impact Investment Limited, a Mauritius-based company. “It will be authorised to operate in […]

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South Africa’s Sovereign foods in merger with Cold Storage Group

March 6, 2019

SOUTH AFRICA – Sovereign Foods, South Africa’s third largest poultry and poultry products producer, has announced its merger with the Cold Storage Group (CSG), a wholesaler of poultry and value-added poultry products.  The merger follows an approval – with no conditions – by South Africa’s competition commission, reports Business Report. Chris Coombes, chief executive officer […]

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African seed companies outperform multinationals in serving smallholder farmers

March 5, 2019

KENYA – Kenya’s East African Seed Company and Zimbabwe’s Seed Co. have topped the list of companies playing a critical role in raising smallholder farmer productivity on the continent. According to the 2019 Access to Seeds Index for Eastern and Southern Africa released by Amsterdam-based research firm, Access to Seeds Foundation, the two homegrown African […]

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Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

February 16, 2019

NIGERIA – Syntaxis Capital Africa, an independent fund manager for Sub-Saharan Africa has launched US$33.19 million private equity fund to bring financing to Small and Medium Enterprises (SMEs)in Nigeria and other selected African countries. The main goal of the funding is to bridge the financing gap in small businesses mainly focusing on manufacturing, agriprocessing, healthcare, […]

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