This capital injection was led by the Land Degradation Neutrality (LDN) Fund from Mirova and the Regenerative Growth Fund 1 managed by Zebra Impact and Mirabaud.
The funding will fuel Koa’s ambitious plans to tenfold its current production, empower 10,000 additional cocoa smallholders, and champion regenerative agriculture practices.
By doing so, Koa aims to tackle the twin challenges of food waste and climate change, while simultaneously boosting farm incomes and carving a sustainable path for the future of cocoa.
Unlike the traditional model that discards the juicy cocoa fruit after extracting the beans, Koa sees hidden potential in it.
Through their newly inaugurated processing facility in Ghana, the company ingeniously transforms the fruit pulp into value-added ingredients for the food and beverage industry, creating everything from smoothies and juices to chocolates and snacks.
By collaborating with Ghanaian farmers and sharing its upcycling technology, Koa empowers local communities, generates additional income for families, and reduces food waste on farms.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Specialist agricultural investor AgDevCo has announced a $9.5 million mezzanine loan investment in Agventure, a Kenyan farmer-owned business pioneering regenerative agriculture in non-irrigated cereal-based systems.
South African biotechnology company Immobazyme, founded in 2019 as a spin-off from Stellenbosch University, has secured $1.3 million in a recent funding round.
The strategic funding is set to accelerate Money Fellows’ mission of transforming traditional savings and credit associations through its innovative tech-driven platform.
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