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FMO invests $7 million to support climate smart agriculture in East and West Africa
January 22, 2020

Dutch development bank FMO has invested $7.5m in the Acumen Resilient Agriculture Fund (ARAF) to support the provision of climate resilience solutions to smallholder farmers in East and West Africa.

Globally, there are an estimated 500 million smallholder farmers cultivating less than 2 ha of land, many of whom are poor, experience food insecurity, and live in highly precarious conditions.

Climate change poses a significant risk to these farmers and threatens to undermine global progress toward poverty alleviation, food security, and sustainable development.

Impact investment firm Acumen established the Acumen Resilient Agriculture Fund (ARAF) to support smallholder farmers to enhance their livelihoods and climate resilience.

The fund with its total target size of $50m will provide financing and technical support to early-stage and early-growth agribusinesses.

According to Pieternel Boogaard, Director Agribusiness,"...

January 5, 2020

A regulatory decree will soon be issued specifying the method, conditions and modalities for importing cars less than 3 years, as stipulated by the Finance Law for 2020, which entered into force starting from the current January, after its official issuance in the Official Gazette.


December 30, 2019

The Ministry of Trade started, starting this December, adopting stricter procedures to reduce the country’s import bill by restricting the procedures for entering and leaving commodities through ports and airports, and reducing the cost of imported services, especially with regard to the huge amounts that come"...

January 22, 2020

PASH Global, an impact investor and developer of clean power projects that is majority owned by commodity trading firm Trafigura, has acquired a 49.9 percent share in the solar photovoltaic (pv) farm project in Mali being developed by independent renewable energy power producer Akuo Energy.

Located in the town of Kita, 180km west of Bamako, the solar pv farm project will have a total production capacity"...

January 22, 2020

SqwidNet, the licensed Sigfox IoT network operator in South Africa has again challenged South African entrepreneurs to use technology to solve every-day challenges in the next round of their IoT Entrepreneurship Programme (IoT) E. As part of the programme, SqwidNet takes entrepreneurs who have ideas but not necessarily the tools to make their ideas into a reality and guides them on the journey of bringing those ideas to life. In previous iterations of (IoT)E, this has resulted"...

January 22, 2020

South Africa’s Department of Agriculture, Land Reform and Rural Development has successfully eradicated the invasive fruit fly species in the Pixley ka Seme and ZF Mgcawu district municipalities in the Northern Cape Province.

Several Oriental fruit fly specimens were detected between Douglas and Prieska in the Pixley ka Seme District Municipality, as well as Groblershoop, Karos, Upington, Kakamas"...

January 22, 2020

Nestlé Zimbabwe has appointed Eunice Ganyawu-Magwali as its new Managing Director for Zimbabwe, Zambia and Malawi.

Endorsing her appointment, the food and drink processing company stated that, “Eunice has an exceptional record working in the FMCG sector.

Nestlé believes that Eunice’s vast experience"...

January 22, 2020

VAALCO Energy announces that the company has sucessfully restored production at Etame 10H well and Etame 4H Well, located offshore Gabon.

VAALCO recently began drilling the Southeast Etame 4P appraisal wellbore to evaluate a Gamba step out area in Southeast Etame. Once this second appraisal wellbore is drilled, VAALCO will have satisfied the drilling commitment under the PSC extension that was signed"...

January 22, 2020

CDC Group, the UK’s publicly owned impact investor, is to commit a further £2bn into African businesses over the next two years, as it looks to double the size of its portfolio on the continent.

The company, the world’s largest bilateral development investor in Africa, unveiled a string of new partnerships totalling nearly $400m at the UK-Africa Investment Summit (AIS) in London. The"...