IDH Farmfit Fund’s US$118.7m gets contribution from FMO, Rabobank for small-scale farmers in Africa

AFRICA – IDH Farmfit Fund, the catalyzing smallholder finance facility of IDH has received financial support from the Dutch development bank FMO and Rabobank, each investing €10 million (US$11.8m). The IDH Farmfit Fund, with backing from public and private organizations, makes it possible to provide financing for small-scale farmers in developing countries. By covering any initial losses on loans, the fund allows banks to provide financing for this sector with ease, acting as a bridge between small-scale farms and financial services. It also invests in innovative companies that develop solutions…

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Investment company Arise B.V. acquires 34.9% of Rabobank stake in NMB Bank Tanzania

TANZANIA – African investment company Arise has acquired a 34.9% shareholding previously owned by Rabobank in NMB Bank Plc listed on Dar es salaam Stock Exchange (DSE) in Tanzania. On 28 December 2020, The Capital Market and Securities Authority (CMSA) in Tanzania approved the transfer of 174,500,000 NMB Bank Plc shares owned by Rabobank to Arise, an African investment company that partners with sustainable, locally owned financial services providers in Sub -Saharan Africa. The share transfer process was completed on 31 December 2020. Arise Chief Executive Officer; Deepak Malik said…

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FAO partners Rabobank to build sustainable food system with pilot projects in Kenya and India

AFRICA – The Food and Agriculture Organization of the United Nations (FAO) has signed a new partnership agreement with Rabobank, a Dutch cooperative bank, to help targeted rural communities in creating more sustainable food systems through a series of projects. The partnership will also explore the use of innovative financial instruments to bridge financing gaps in emerging markets and to promote sustainability in food systems investments. The projects will aim to lower greenhouse gas emissions, improve land and water use, and empower smallholder farmers to reduce food losses and address climate…

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Dutch government and Rabobank support sustainable agriculture with US$80m investment

AFRICA – The US$1 billion sustainable agriculture and forestry initiative, AGRI3, has been strengthened by two new investors – the Dutch Ministry of Foreign is contributing US$40 million and Rabobank, which will also match this amount. These contributions will mobilize commercial finance, which can be used to finance sustainable agriculture and accelerate forest protection, which is key to mitigating climate change. Growing demand for food is placing land and forests under significant strain. Seven million hectares of tropical forests disappear annually, and emissions related to agriculture and tropical forest loss…

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IFC invests US$55.9M in Habesha Breweries, boosting Ethiopia’s barley industry

ETHIOPIA — The International Finance Corporation (IFC) has extend US$55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia to help the company expand its operations and increase local barley sourcing from smallholder farmers. The loan is co-funded by the Dutch development bank (FMO) and Dutch banks Cooperative Rabobank U.A. (Rabobank) and ING Bank N.V. (ING Bank). According to IFC, Ethiopia’s brewing industry is fast growing and an important contributor to economic growth, but the sector imports as much as 90% of its malt barley needs. “Programs that…

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