NEWS

Updates on private and public projects in Eastern Africa

DFC (USA) backs $1.55 Million for Tulu Moye Power Project in Ethiopia

11/2020

  • DFC (USA) committed $1.55 million in technical assistance towards the development of the Geothermal plant project
  • Tulu Moye will have an installed capacity of 50 mega watts

For more details: dfc.gov

Sage Valley, Zambia gets financing from Empress Fund

07/2020

  • The Zambian start up received a revolving working capital facility of up to $13,792 from S. African based Empress Fund (Africa Trust Group)
  • Sage Valley produces locally made spices and pastes
  • The funds will help increase production capacity to meet rising demand

For more details: Foodbusinessafrica.com

Tanzania's East Africa fruits raises $2M funding

07/2020

  • East Africa Fruits Co, raised the $2M funding in May 2020 in a Series A equity funding
  • The round was led by Goodwell Investments with participation from FINCA ventures and Elea.
  • The capital will be used to build essential supply chain infrastructure and better transport fresh produce from farms to urban areas

For more details: goodwell.nl

CDC and Rwanda Finance sign partnership agreement

06/2020

  • The agreement is for the development of the Kigali international financial center
  • The center will support inward investment into Africa

For more details: africaincmag.com

Ethos Mezzanine and Proparco invest in Ethiopian platform, Turaco

06/2020

  • Ethos and Proparco invested $22 million in growth capital
  • The funds will be used to expand Turaco’s manufacturing operations in Ethiopia

For more details: proparco.fr