TPG Growth's impact fund notches another agribusiness deal amid a portfolio heavily weighted in financial services, healthcare and education.
- Njonjo claims that the company isn’t changing anything about its impact mission. But Twiga’s growth comes with some strategy shifts that could affect smallholder farmers, who produce 75% of Kenya’s fresh food.
- Rather than viewing climate change as a threat, Africa’s investors should view it through the prism of opportunity, Michelle Kathryn Essomé, CEO of the African Private Equity and Venture Capital Association.
BNP Paribas, ABN Amro and Rabobank are helping coffee giant Neumann Kaffee Gruppe expand its smallholder farmers' financing and support initiative, NKG BLOOM, with a $25 million loan.
The Dutch impact investor's $3.2 million loan will enable Kayonza Tea Factory and its farmer owners to build a second factory in nearby Mpungu.
“Without light, you can’t do anything,” Akinwumi Adesina, president of African Development Bank. Roughly 90 percent of the people living without electricity are in sub-Saharan Africa.
Dutch development bank FMO stepped in as an equity investor, taking a 10% stake in the billion-dollar impact investing firm.