Investments & Funding
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ABC Fund secures US$5m investment from Bank of America to strengthen farmers organisations
AFRICA – The Agri-Business Capital Fund (ABC Fund) has received US$5 million from Bank of America, its first investment from a corporate global financial institution.…
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Silvertree Holdings acquires South Africa meal kit delivery UCOOK for US$12.3m
SOUTH AFRICA – South African meal kit delivery startup UCOOK has been fully acquired by Silvertree Holdings in a deal worth ZAR187 million (US$12.3 million).…
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DFIs support AgDevCo with US$90m funding to expand investment in Africa’s agriculture sector
AFRICA – AgDevCo, a specialist investor in early-stage African agribusinesses, has raised US$90-million from British, US and Norwegian funds to shore up investments that will…
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Angola launches vegetable oil, animal feed and meat processing facilities to boost economic growth
ANGOLA – Carrinho Group, one of Angola’s largest food processing companies, has inaugurated its newly built vegetable oil refinery and animal feed processing factory. The…
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Malawian small-holder farmers to benefit from US$14.19m financing initiative by First Capital Bank, EIB
MALAWI – First Capital Bank, a commercial bank in Zimbabwe has partnered with European Investment Bank (EIB), to provide EUR 12. 5 million (US$14.19m) investment…