Nyama World – Norfund

Norfund has made a 23.3 million NOK loan commitment (2.75 million USD) to Afrisphere Worldwide Limited, who trades as Nyama World with fully integrated beef production company in Malawi. All livestock are sourced, processed and sold predominantly in Malawi. Once the business is fully developed, the aim is to engage as much as up to…

Rabbit Farming – 3 Amazing Success Stories and Everything You Need To Know About This Lucrative Business

Have you ever considered rabbit farming as a top business opportunity? Though rabbit meat may not be as common as chicken, beef or pork, there’s no doubt it’s a very lucrative business; every year, over one million tons of rabbit meat is consumed worldwide. The world’s four biggest producers and consumers of rabbit meat are:…

AfDB approves $200m to IDC South Africa to support industrialization projects

  The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and 1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialization projects in both South Africa and other Regional Member Countries…

New UK crowdfunding platform offers investors the opportunity to support the expansion of solar energy in sub-Saharan Africa

Two of Europe’s leading online impact investing platforms Lendahand and Ethex with support from UK aid and Virgin Unite have launched Energise Africa today – a new initiative enabling eligible UK investors to invest in pioneering businesses that install solar systems in homes in sub Saharan Africa – bringing clean energy and economic opportunities to…

Coega and the dti encourage investment in the agro-processing sector

Coega and the dti encourage investment in the agro-processing sector. OPENING DOORS: Mark Alard, Director of Strategic Partnerships and Customer Care from the Department of Trade & Industry emphasised the importance of the Agro-Processing Support Scheme. The Coega Development Corporation (CDC) and the Department of Trade and Industry (dti) conducted a workshop at the Coega…

Joburg startup Pineapple secures R5.2 million to shake up insurance in SA

Pineapple, an insurtech startup based in Johannesburg, has secured seed funding of R5.2 million from Lireas Holdings, the strategic investment arm of Hannover-Re Group Africa, in return for a minority shareholding. Formerly Amyti, Pineapple claims to be South Africa’s first peer-to-peer insurer and the world’s first fully-functioning decentralised insurer. It said that the funding will…