ImpactAlpha, April 6 – Hundreds of millions of smallholder farmers in East Africa are facing not only COVID, but also the worst locust swarm in decades. Most of their farmland is uninsured; when they lose crops, they lose income. Netherlands-based agtech company VanderSat uses satellite data to analyze farmland conditions using microwaves, rather than images.
"We found that the finance sector is part of the problem, when it could and should be part of the solution for addressing climate change,” said Brunel chief investment officer Mark Mansley.
GoodFuels has been acquired by the renewables arm of FinCo Fuels Group, which has committed to tracking established impact metrics.
The fund, launched by Cedrus & Partners and Swiss Life Asset Managers in April 2019, aims to re-house up to 2,000 people facing difficulties over the next ten years.