Venture development company, Factory Africa invests in 5 African tech startups

AFRICA – Founders Factory Africa, a company that has access to world class entrepreneurs, investors, corporates, and innovators, has accepted five more African tech startups into its Venture Scale programme, which provides GBP30,000 (US$40,000) in […]

IDH Sustainable Trade Initiative launches a fund for smallholder farmers finance

AFRICA – IDH Sustainable Trade Initiative, in coalition with Unilever, Jacobs DE, Mondelez and Rabobank, has launched the world’s biggest-ever impact fund for smallholder farmers finance. Starting with US$110.82 million, the IDH Farmfit Fund is […]

AfDB approves US$37.2m to fund high credit risk projects in Africa

AFRICA – Africa Development Bank Group (AfDB) through its concessional financing window, the African Development Fund (ADF) has approved loans amounting to US$37.2 million to cover related credit risk for projects such as agriculture and […]

FMO invests US$7.5m in ARAF to support climate smart agriculture

AFRICA – Dutch development bank FMO has invested US$7.5m in the Acumen Resilient Agriculture Fund (ARAF) to support the provision of climate resilience solutions to smallholder farmers in East and West Africa. Globally, there are […]

African Development Bank approves US$124.2 million loan for water sector reforms in Nigeria

NIGERIA – The Board of Directors of the African Development Bank have approved a US$124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria to address […]

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 […]