ABC Fund supports cocoa farming in Ivory Coast issuing financing ahead of 2020/2021 season

IVORY COAST – The Agri-Business Capital (ABC) Fund managed by Bamboo capital, has issued loan financing to two cocoa cooperatives in Ivory Coast to enable them provide small-holder farmers with advanced financing for production of the crop ahead of the 2020/21 cocoa season. Under the agreement, Enterprise Cooperative Kimbe (‘Ecookim’), a union of 29 cooperatives located in rural communities across 12 different provinces in Côte d’Ivoire has clinched €800,000 (US$970,000) while Socak Katana, a separate cocoa cooperative in the country with over 2,700 members received a follow-up loan from previous…

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Agro-allied industries in West Africa clinch US$1.4m financing from Bamboo managed ABC Fund

WEST AFRICA – The Agri-Business Capital Fund (ABC Fund), a blended-finance impact fund has issued loan financing worth £1.2 million (US$1.4m) to two West African companies i.e. Anatrans, a cashew nut processor based in Burkina Faso and Maphlix Trust Ghana Limited, a producer and processor of tubers and vegetables. The investment is aimed to enable the companies weather the COVID-19 pandemic which has put unprecedented pressure on small- and medium-sized enterprises (SMEs) around the globe. According to the fund manager, Bamboo Capital Partners, these investments will enable smallholder farmers to…

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