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

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

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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…

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

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

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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…

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

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

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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…

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

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

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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…

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

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

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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…