AfDB issues US$10m equity investment to ARCH Cold Chain Solutions East Africa Fund to curb food waste

EAST AFRICA – ARCH Cold Chain Solutions East Africa Fund (CCSEAF) has received a US$10 million equity investment from the African Development Bank, to support the development, construction and operation of greenfield cold storage, temperature-controlled solutions and distribution facilities in East Africa. In partnership with conglomerates in the region, the Fund will develop and operate as many as eight cold chain operations in Kenya, Tanzania, Ethiopia, Uganda, and Rwanda to reduce post-harvest losses, and the spoilage of processed food and medicines caused by a lack of temperature-controlled solutions. The Food…

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