AgDevCo, in partnership with The MasterCard Foundation, has announced a US$15.4mn initiative to boost the incomes of smallholder farmers in seven African countries
Agriculture
African agri ventures part of US$13mn global fund
Thirteen ventures, including the ones in Africa, are the recipients of around US$13mn in funding from the Powering Agriculture: An Energy Grand Challenge for Development (PAEGC) programme
Mansa Sugar plans sugar factory in Zambia for US$6.6mn
Mansa Sugar Limited is planning a sugar plantation and processing factory in Chembe, Zambia for around US$6.63mn
Olam International acquires ADM’s cocoa business, strengthens presence in Ghana
Ghana’s leading agri-commodity company Olam International has completed the acquisition of Archer Daniels Midland (ADM)’s cocoa business
ADB and AFD sign US$15mn agreement to support Ghana’s rubber initiative
The Agricultural Development Bank (ADB) and Agence Francaise de Developpement (AFD) have signed a US$15.34mn finance agreement for the fourth phase of the Rubber Outgrower Project in Ghana