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Tag: agriculture

Malawian small-holder farmers to benefit from US$12.3m issued by European Investment Bank

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MALAWI – European Investment Bank (EIB) and First Capital Bank (FCB) have signed a 7-year €12.5 million (US$12.3m) loan facility to support sustainable agriculture for socioeconomic development and poverty alleviation in Malawi. The financing is part of the long-term EUR 25 million (US$24.7m) scheme aimed to accelerate agricultural investment in the country. The facility, which has been provided through the…

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Agricultural company Agrarius lists first Shari’ah-compliant sustainability-linked Sukuk on JSE 

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SOUTH AFRICA – Agrarius Sustainability Engineered (Agrarius), has listed as Africa’s first Shari’ah-compliant sustainability-linked Sukuk (Sukuk) on the Johannesburg Stock Exchange (JSE).  Agrarius is a Polish company which has been introducing products for agricultural and horticultural crops to the market since 2006.  The listing of the Sukuk constitutes the inaugural issuance by the Company under its ZAR10 billion (US$551.5m) Shari’ah compliant sustainability-related asset…

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Senegal secures US$63.9m from AfDB for agro-processing project

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SENEGAL – The Board of Directors of the African Development Bank Group has approved a loan of €63.6 million (US$63.91m) to Senegal to implement the Agropole-Centre agro-industrial processing zone project. The Ministry of Industrial Development and Small and Medium Industries will implement the project in four regions in central Senegal: Kaolack, Kaffrine, Fatick, and Diourbel. Its implementation will help increase…

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Owner of EthioChicken, Uzima Chicken clinches US$14m funding for expansion across Africa

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AFRICA – Flow Equity, a high impact poultry business targeting underserved rural households in Eastern Africa, has raised a combined US$ 14 million funding round to grow its operations across the region. Flow Equity operates in Ethiopia via its investment in EthioChicken, and Rwanda and Uganda via its subsidiary Uzima Chicken. The company’s primary product is high-yielding day-old chicks (DOC),…

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Agritech startup Farmerline secures US$1.5m investment from Oikocredit

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GHANA – Farmerline, a Ghanaian agritech startup, announced the second close of a pre-Series A investment raise with an additional US$1.5 million investment from Dutch social impact investor Oikocredit. The investment is part of a total funding round worth US$14.4 million raised by Farmerline from investors including FMO and ARAF. Farmerline supports smallholder farmers and agribusinesses with digital tools, logistics,…

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Malawian small-holder farmers to benefit from US$12.3m issued by European Investment Bank

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MALAWI – European Investment Bank (EIB) and First Capital Bank (FCB) have signed a 7-year €12.5 million (US$12.3m) loan facility to support sustainable agriculture for socioeconomic development and poverty alleviation in Malawi. The financing is part of the long-term EUR 25 million (US$24.7m) scheme aimed to accelerate agricultural investment in the country. The facility, which has been provided through the…

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BCP, SOWIT partner to boost financial inclusion of Moroccan Farmers

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MOROCCO – Morocco’s commercial bank, Banque Centrale Populaire (BCP) has signed a partnership agreement with Moroccan agritech startup SOWIT to provide farmers in the Beni Mellal-Khenifra region with access to innovative diagnostic and monitoring solutions for sustainable and effective farm management. The agreement was concluded as part of the Regional Investments initiative launched by BCP to assist innovative Moroccan solutions.…

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Nigeria-based Jubaili Agrotec secures US$35m financing from IFC to support farmers

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NIGERIA – The International Finance Corporation (IFC) has offered a US$35 million financing package to Jubaili Agrotec, a Nigeria-based agrochemicals manufacturer and distributor, to increase smallholder farmers’ access to key input and boost food production to strengthen food security in sub-Saharan Africa. The bank said that the financing package would help Jubaili expand its production capacity in Nigeria, Ghana, Tanzania…

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Ghanaian Agribusiness value chains to benefit from US$15m financing issued by Fidelity Bank

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GHANA – Fidelity Bank, a commercial bank in Ghana has received US$15 million loan from eco.business Fund, an impact investment fund advised by Finance in Motion, to finance agribusinesses in the country. The senior loan will be on-lent to a wide range of agribusinesses that cover the entire value chain – from food production to logistics and supply chains across…

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#DEALSTREETNEWS; Anchor secures pre-seed investment, OBM raises funding, Homefarm secures seed capital, Zeew raises seed round

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Fintech platform Anchor secures US$1m pre-seed investment Nigerian fintech firm offering banking as a service Anchor, has secured US$1 million in pre-seed investment. Byld Ventures, Y Combinator, Luno Expeditions, Niche Capital, Mountain Peak Capital, and angel investors like SeamlessHR CEO Emmanuel Okeleji support the BaaS fintech. The Y Combinator-backed business intends to utilise this funding to hire top people, upgrade…

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