WASHINGTON – U.S. International Development Finance Corporation (DFC) today announced a new Health and Prosperity Initiative, which includes a call for proposals from private sector entities seeking DFC support for health-related investments in developing countries. Through the initiative, DFC aims to mobilize private sector investment in support of global health resilience. “The
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New Farming “Ecosystem” in Uganda Empowers Smallholders
Crops have been plentiful in recent months for Kizito Edward, a 29-year-old smallholder who plants maize, coffee, and bananas on his small farm in Buikwe in central Uganda. The relative bounty has allowed him to finish construction on his family home, pay his son’s school fees and even buy a
Goodwell leads $2.05m equity round in East Africa Fruits
East Africa Fruits, a Tanzanian company addressing food distribution challenges to improve efficiencies in the farm-to-market sector, has closed Series A equity funding totaling $2.05m. The fundraising round was led by Goodwell Investments with participation from FINCA Ventures and elea. The combined $3.1m in Series A equity and debt capital will help the company to
Ecobank CEO talks Africa’s Covid-19 support: “There’s still more work to be done”
Ecobank Group has recently contributed US$3mn to the fight against Covid-19 in Africa. The pan-African bank has focused its support on the efforts of governments, the World Health Organization as well as the private sector in alleviating the effect of the pandemic on the most vulnerable on the continent. “Our
Kenya’s tea production reaches all time high but faced depressed demand
KENYA – Kenya has recorded an all-time high Tea production in the month of March this year after registering more than 55.7 million kilograms against 26.5 million kilos reported during the same period in 2019. A similar high monthly output was previously recorded in December 2018 and January 2016 at 51.8
VAELL offers farmers 50 trucks for logistics
Vehicle and Equipment Leasing Limited (VAELL) has deployed 50 trucks to offer smallholder farmers affordable logistical services for their produce. Through its agricultural arm dubbed TingA, the initiative targets 12 agricultural-rich counties. These services, which will also apply to small and medium enterprises, will see transport charges slashed by 35
Helium Health Raises $7m in New Funding Round
Nigerian healthcare data management startup, Helium Health has secured $7 million investment from Dubai-based Global Ventures. This round of funding also had participation from AAIC, China’s Tencent and Noor Sweid. Launched in 2014, the startup was poised to digitize Nigeria’s health sector by helping hospitals transition from the paper-based records system
