AFRICAN & MIDDLE EAST NEWS
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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 water treatment facilities has closed its US$7.5 million fund raising…
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IFAD launches US$500M fund to channel climate finance to smallholder farmers
AFRICA – The International Fund for Agricultural Development (IFAD) has launched a new climate adaptation fund that the organization expects to be the largest of…
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Seed Co International acquires controlling stake in Zimbabwean unit
ZIMBABWE – Regional seed producer, Seed Co International (SCIL), has acquired a 35% stake in its Zimbabwean unit, Seed Co Limited in line with its…
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AfDB, ICRAF come to the aid of Ivorian cocoa farmers battling climate change
IVORY COAST – The African Development Bank (AfDB) has partnered with World Agroforestry – ICRAF, to undertake a climate resilient cocoa farming project in two…
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COVID-19 disruptions, tax provisions nearly halved EABL’s profit in six months ended December 2020
KENYA – The East African Breweries Limited (EABL) has reported a 47.3 per cent dip in profit for the half year ended December 2020 to…