KENYA – Twiga Foods, a Kenyan based online food-market platform has raised US$10.3 million financing co-led by World Bank’s private investment arm International Finance Corporation (IFC) and Pan-African venture capital firm, TLcom Capital. The capital is meant to help the company expand operations and offer new services to small holder farmers. Others that participated in…
RWANDA- Africa Improved Foods (AIF), a joint venture between the government of Rwanda and a consortium of Royal DSM and investment firms has received the first SDG Award for sustainable consumption from the Swiss Green Economy Symposium (SGES). The event held 4 September in Zurich, Switzerland features companies committed to sustainability, with project distinctions focused…
INDIA – International Finance Corporation (IFC) plans to make an equity investment of US$23 million (Rs 158 crore) in Srinivasa Farms Pvt. Ltd to help the Hyderabad-based poultry company expand its operations. According to VCircle, the funding from IFC will help the company to expand its layer, broiler and breeding operations by setting up additional…
KENYA - Kericho Gold, a premium tea brand owned by Gold Crown Beverages, a subsidiary of Global Tea & Commodities Ltd has received US$4 million funding in loan from IFC meant to fund its expansion strategy in Kenya and Malawi, reported the Exchange. A statement from IFC said that Global Tea & Commodities Ltd, a…
KENYA - Twiga Foods Ltd, one of Africa’s largest grocers to watch is set to receive US$3 million from the International Finance Corporation (IFC) in a series of funding aimed at raising about US$7 million from investors, reported Business Daily. Twiga Foods is a mobile-based supply platform for Africa's retail outlets, kiosks, and market stalls,…
ASIA - The International Finance Corporation (IFC), a member of the World Bank Group is investing US$25 million in KazFoodProducts LLP food processing group of companies operating in grain milling and confectionary sectors. The investment aims at supporting the company’s expansion plans, boost Kazakhstan agricultural sector through diversification strategies as well as enhancing global food…
ETHIOPIA - The International Finance Corporation (IFC) has unveiled a new training programme on food safety management practices aimed at boosting standards at both local and international markets. The training which involves food producers, retailers, industry experts and policy makers also has a sole purpose of developing the country’s food processing industry and putting Ethiopian…
RWANDA - The International Finance Corporation (IFC) has announced a US$10 million loan investment in I&M Bank Rwanda to increase the bank’s capital base, increase lending to small and medium enterprises in addition to creating jobs in various sectors. The investment aims to provide financial incentives to smaller business in the agricultural, tourism, trade and…
ASIA - The International Finance Corporation (IFC), a member of the World Bank Group and Myanmar Rice Federation (MRF) have signed a memorandum of understanding to support sustainable growth of Myanmar’s rice industry. The partnership made by a collaboration with Australia, United Kingdom and Japan aims to accelerate changes in the industry through development, improvement,…
UKRAINE - IFC, a member of the World Bank Group, is investing up to US$12.5 million in Nyva Pereyaslavshchyny, a leading Ukrainian pork producer. According to the company, the investment will support its expansion and help create jobs, modernize Ukraine’s meat production sector, and boost sustainable agriculture. The company will also build a new pig…
