Kenyan agribusiness firms receive US$4.48m from the AgriFI challenge fund

KENYA – AgriFI, an EU-funded blending facility has awarded eight Kenyan based small scale agribusiness enterprises ksh.460m (US$4.48m) to support their business expansion and create new employment opportunities. The agri-business firms that benefitted through the […]

African Development Bank lends Congo US$80.75m to set up agricultural value chains

CONGO – The Board of Directors of the African Development Bank have approved a loan of US$80.75 million for the Republic of Congo to set up agricultural value chains for the benefit of more than […]

Ghana acquires US$188m loan facility for Agricultural mechanization

GHANA – The government of Ghana through the Ministry of Food and Agriculture has secured loan facilities of US$150m from India and US$33m from Brazil to enhance agro-processing in the country through purchase of machinery. […]

Co-op Bank Kenya, CFAO launch financing scheme for Agri-Machinery and Equipment

KENYA – Co-operative Bank, a commercial bank in Kenya has penned a joint scheme with CFAO Kenya Ltd formally known as Toyota Tsusho East Africa Ltd, to enable farmers and agricultural co-operative societies get up […]

ITFC and OCP Africa sign pact to increase agriculture production in Africa

AFRICA – The International Islamic Trade Finance Corporation, member of the Islamic Development Bank Group and OCP Africa, a subsidiary of OCP SA, have signed a Memorandum of Understanding (MoU) focusing on strategic funding, innovation […]

Olam International successfully completes US$1.5bn debt refinancing

SINGAPORE – Global food and agri-business Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd, have secured a multi-tranche revolving credit facility aggregating US$1.525 billion. The Facility consists of three tranches; a […]

Paine Schwartz Partners closes US$1.4bn food and agribusiness focused fund

USA – Paine Schwartz Partners, a private equity firm focused on sustainable food chain investments, has closed its food and agribusiness-focused Fund V at US$1.425 billion, exceeding its original target. The Paine Schwartz Food Chain […]

AGCO partners with the Benin government in establishing a new Agri-Park project

BENIN – AGCO a worldwide manufacturer and distributor of agricultural equipment and solutions has signed a Memorandum of Understanding (MOU) with the investment arm of Benin, the Agency for Promotion of Investments and Exports (APIEX), […]

Saudi Arabia outlines next phase of flour mills privatization

SAUDI ARABIA – Saudi Grains Organization (SAGO), the state grain buyer has stated that it will begin the next phase of the sale of its flour mills within days in a privatization move. According to […]