Farm to Feed tackles a significant challenge in the region, where up to half of all crops are lost before reaching consumers.
The platform connects farmers with buyers, focusing on “imperfect” produce that may be perfectly edible but doesn’t meet cosmetic standards.
This not only increases farmer income but also combats food waste, a major contributor to greenhouse gas emissions.
“We witnessed the devastating impact of unsold produce firsthand,” said Claire van Enk, Farm to Feed’s Founder and CEO. “Food loss not only affects food security but also contributes to climate change through methane emissions.”
Farm to Feed utilizes technology and on-the-ground logistics to facilitate efficient food delivery.
Their model goes beyond just sourcing produce; they collect data to understand the root causes of food loss and identify opportunities to improve agricultural practices.
“This partnership strengthens our commitment to ESG practices, aligning with the impact investment focus of CityBlue’s parent company, The Diar Group,” stated Jameel Verjee, CityBlue Hotels’ Founder and CEO.
He made the announcement at the Africa Hotel Investment Forum 2024, encouraging other businesses to join Farm to Feed’s efforts in tackling food security, sustainability, and climate challenges.
This investment positions CityBlue Hotels as a leader in sustainable hospitality practices, supporting a more circular food system in Africa.
“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.
Israeli blockchain infrastructure company StarkWare, valued at $8 billion, has unveiled a $4 million fund to foster the growth of early-stage blockchain startups in Africa.
Aruwa Capital Management, a leading early-stage growth equity fund, has announced a follow-on investment in AgroEknor, a prominent hibiscus flower exporter and wellness brand.
Summit Africa, a South African fund manager, has launched its second private equity fund, Summit Private Equity Fund II (SPEF II), with an initial $20 million anchor investment from British International Investment (BII), the UK’s development finance institution and impact investor.
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