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The $300 million fund has more deals in the pipeline for this year, and is targeting 10 to 15 investments in Africa.
The project is expected to improve 125,000 acres of soil using efficient drainage, which will result in higher crop productivity by 15% to 20% on selected crops.
Innovation Endeavors, the VC fund launched by Google chairman Eric Schmidt, invested in the round alongside other heavy hitting VC players and a crowd-funding platform.
With the help from IFC, the Singapore subsidiary of New Hope plans to create more than 1,500 new jobs in ten countries in South and South-East Asia.
Guyana’s Carana Agribusiness is applying to the Overseas Private Investment Corporation for a loan.
ResponsAbility Investments is hiring an agri investment officer in Lima, Peru and a transaction officer for agri in Mumbai, India.
ADFD has issued a $50m loan to the Government of Montenegro to support agricultural development in the country.
Over 200 companies within the Grow Africa Partnership committed $10bn in investment to agriculture in 12 African countries in 2014, representing a 40% increase on 2013 commitment levels.
IFC invested $3.8m into Nepalese poultry feed producer Probiotech Industries alongside the Private Sector Window of the Global Agriculture and Food Security Program.
The venture capital investment firm has invested in EM3 AgriServices, a provider of farm operations services aimed at increasing smallholder farmer productivity by 20%.