Senegal secures US$138m from EIB to improve supply of drinking water
SENEGAL – The European Investment Bank (EIB) is set to provide US$138.39 million (€114.5 million)…
Funding, Private Equity & Venture Capital
Zomato raises US$250 million in new funding round even as it re-evelutes its office catering business
INDIA – Indian food delivery startup Zomato has raised US$250 million, two months after closing…
Investments in Agrifood companies jump 15% in 2020 despite of pandemic – AgFunder
GLOBAL – Agrifood companies globally managed to raise at least US$26.1 billion in 2020 despite…
Impact investor Sanlam Private Equity acquires majority stake in SA premium red meat supplier Cavalier Group
SOUTH AFRICA – South Africa’s state-owned development bank Land Bank along side an agricultural and…
Ivory Coast eyes US$1.2 billion financing from EU to aid its gradual transition to sustainable cocoa production
IVORY COAST – The world’s leading cocoa producing country Ivory Coast, is set to clinch…
Zimbabwe sugar cane farmers get backing from commercial bank CABS, avails US$2m financing facility
ZIMBABWE – Zimbabwean commercial bank, CABS has availed a US$2 million financing facility to support…
Instant noodles maker Dufil unveils Series 3 and 4 Commercial Papers to support short term funding needs
NIGERIA – Dufil Prima Foods Plc, Nigeria’s pioneer, and largest producer of instant noodles has…
IFC issues US$2.4m loan financing to Mali’s leading mango processor to expand export market
MALI – Mali’s leading mango processing company CEDIAM (Centre d’Étude et de Développement Industriel et…
Mondelez venture capital arm SnackFutures launches program to accelerate innovative early-stage snack brands
US – SnackFutures, Mondelez International’s innovation and venture hub, has launched a new program dubbed…
AFEX launches commodity-backed instrument to act as funding bridge in agriculture industry
NIGERIA – AFEX Commodities Exchange Limited (AFEX), a leading private commodities exchange company in Nigeria, has…
EU supports development of Kenya’s blue economy issuing US$1.7m to Kwale county
KENYA – The European Union has issued €1.4 million (US$1.7m) to the coastal communities in…
IFC seeks to issue US$10m financing to Ethiopia’s leading poultry company EthioChicken Group
ETHIOPIA – Ethiopia’s leading producer of day-old-chicks and poultry feed, EthioChicken Group is set to…
Nigeria’s first plant-based foodtech startup VeggieVictory completes pre-seed funding round
NIGERIA – Nigeria’s first plant-based food tech startup, VeggieVictory, has closed a pre-seed funding round…
Kenyan agritech start-up SunCulture clinches US$11m syndicated loan to expand its operations
KENYA – SunCulture, supplier of solar powered irrigation systems headquartered in Kenya has to its…
SAB Foundation names winners of the Social Innovation and Disability Empowerment Awards
SOUTH AFRICA – South African Breweries through its SAB Foundation has announced the 17 finalists…
Phatisa Food Fund 2 gets additional backing from development finance institutions closing at US$143m
AFRICA – Phatisa, a sector-specific African private equity fund manager, has reached a US$143 million…
Amethis acquires minority stake in Senegalese food production company NMA
SENEGAL – Amethis, an investment fund manager dedicated to the African continent has made its…
Kenyan based organics recycling company Sanergy acquires investment from AXA IM Alts1
KENYA – Sanergy, an organics recycling company transforming how cities in the developing world manage…
Egyptian food ordering platform elmenus gets backing from industry veteran
EGYPT – Egypt’s main food-delivery app elmenus has received an investment from the former Chief…
New Zealand, European Commission supports Rwanda’s agriculture sector with funding
Rwanda – The Government of New Zealand has joined in as the new partner of…
Ghana’s digital commodity trading start-up AgroCenta clinches funding for expansion
GHANA – AgroCenta, a Ghanaian digital food distribution platform, has raised US$790,000 in Pre-Series A…
EU injects US$46.3m to boost agribusiness in Kenya
KENYA – Agribusinesses in Kenyan counties i.e., Kisii and Uasin Gishu have received the much-needed…
GreenTec Capital backed start-up Boreal Light closes US$7.5m investment round
AFRICA – Boreal Light GmbH, a Berlin start-up company specializing in renewable energy solution for…
Pots & Co to expand US presence following investment from General Mills’ venture capital arm
UK– General Mills’ venture capital arm 301 Inc is leading a multistage investment of up…