AFRICAN & MIDDLE EAST NEWS
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IFAD to support Tanzanian farmers increase productivity, gain market access to ensure food security
TANZANIA – The International Fund for Agricultural Development (IFAD) is seeking to provide funding worth US$882,841 to Tanzania as part of its COVID-19 response in…
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Kenyan based aquaculture entity Victory Farms ropes in new investor, gets multi-million-dollar backing
KENYA – East Africa’s largest commercial fish farm, Victory Farms, has received a multi-million-dollar mezzanine debt investment from social impact investor specializing in the African…
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South African wine industry raises alarm over inability to stay afloat with continued domestic sale bans
SOUTH AFRICA – South Africa’s wine body, Vinpro, has raised red flags pertaining to the continued restrictions imposed on domestic wine sales, which is deemed…
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Kenyan retail startup MarketForce raises US$2m series A funding round, eyes Nigerian market
KENYA – Kenyan retail-tech startup MarketForce, has undertaken a Series A funding round, raising US$2 million to scale up operations. Existing investors such as P1…
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South African waste tech Kudoti wins Nestlé’s recycling championing competition
SOUTH AFRICA – Nestlé, the world’s largest food and beverage company, has crowned South Africa based digital recycling platform Kudoti, as one of the five…