The French bank and U.K. development finance institution want to encourage local banks to increase lending to local food and essential goods importers.
ImpactAlpha, June 15 – VestedWorld invests in early-stage companies based in or serving Africa. Chicago-based impact investor’s two latest investments are Vanu, a Boston-based internet tech company, and Kigali, Rwanda-based GET IT, a food distributor. Vanu makes equipment and software to help mobile operators affordably build and operate cellular networks in rural areas. The company’s
ImpactAlpha, June 9 – Ghana-based Dragon Farming produces sustainable soy-based feed for poultry and aquaculture farms. An €800,000 loan from Agri-Business Capital Fund will enable Dragon to procure soy beans from 14,000 regional smallholder farmers and grow its production by as much as 40% this year. Agri-Business Capital Fund, a blended-capital fund managed by Bamboo
ImpactAlpha, June 29 – East Africa-focused agriculture impact investor Pearl Capital Partners committed 4.6 billion Ugandan shillings ($1.2 million) to Naseco to distribute improved seed varieties that will help Ugandan farmers boost yields and incomes. Pearl made the investment from its €20 million ($22 million) Yield Uganda Investment Fund. Naseco is the Yield Fund’s seventh investment. Pearl