Zalar Agri secures US$24m from IFC to expand fruit and nut growing operations in Morocco

January 28, 2020January 29, 2020 Food Business Africa

MOROCCO – IFC, a member of the World Bank Group, is providing US$24 million in financing to Zalar Agri to help the company expand its fruit and nut growing operations, creating both permanent and seasonal […]

IFC invests US$55.9M in Habesha Breweries, boosting Ethiopia’s barley industry

January 6, 2020January 6, 2020 Food Business Africa

ETHIOPIA — The International Finance Corporation (IFC) has extend US$55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia to help the company expand its operations and increase local barley sourcing from smallholder […]

Uganda’s Grainpulse receives US$11m to provide multiple agribusiness services to farmers

December 9, 2019December 10, 2019 Food Business Africa

UGANDA – IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), today announced an US$11 million loan to Ugandan agribusiness company Grainpulse […]

Colombia’s discount food retailer Ara Tiendas secures US$93m to expand operations

November 5, 2019November 5, 2019 Food Business Africa

COLOMBIA – Ara Tiendas, a Colombian based proximity food discounter has secured a US$93 million (about COP330 billion) from the International Finance Corporation (IFC) to help it increase the foot print of its discount grocery […]

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to boost local malt production

November 4, 2019November 4, 2019 Food Business Africa

ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help […]

IFC funds Malawi with US$4m to boost macadamia nut production

October 2, 2019October 2, 2019 Food Business Africa

MALAWI – Macadamia nuts farmers in Malawi are expected to get a US$4 million (about K3 billion) boost for their farming business through Global Tea and Commodities Limited project. The fund, which will come from […]

Cargill renews partnership with IFC to further empower cocoa producing cooperatives

September 27, 2019September 27, 2019 Food Business Africa

IVORY COAST – Global agribusiness company Cargill has renewed partnership with the International Finance Corporation (IFC) to introduce new initiatives to strengthen cocoa producing cooperatives and their communities through an improved Coop Academy 2.0 program. […]

Tag: IFC