
Ugandan Coffee Exporter JKCC Receives $6.5 Million Boost from IDH Farmfit Fund
Uganda’s JKCC General Supplies has secured a $6.5 million loan from the IDH Farmfit Fund to support its operations and expand its reach among local coffee farmers.
Cassava Technologies has teamed up with Nvidia to launch Africa’s first AI factory, which will be built in South Africa.
The move is expected to strengthen Africa’s position in the global tech industry and improve the continent’s access to advanced AI infrastructure.
The new AI factory will act as a central hub for developing and deploying artificial intelligence solutions designed specifically for Africa.
According to Bloomberg, the facility will support projects that address local challenges and create opportunities across sectors such as healthcare, agriculture, finance, and education.
Nvidia, a global leader in AI computing, brings powerful technology and expertise to the partnership.
Cassava Technologies contributes its deep understanding of Africa’s market needs and regional dynamics. Together, the two companies aim to speed up the adoption of AI technologies in Africa, making them more accessible and relevant to the continent’s realities.
This partnership builds on Nvidia’s previous work in Africa. The company recently worked with Gebeya, a talent development platform, to train 50,000 software developers in AI skills.
That effort was focused on closing the AI skills gap and supporting innovation in Africa’s tech sector.
South Africa was chosen as the site for the new AI factory because of its strong digital infrastructure and growing community of technology professionals. The country has become a key player in Africa’s emerging digital economy.
The factory is expected to create new jobs and drive economic growth in the region.
It also represents an important step in building Africa’s capacity to lead in AI development and innovation.
“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.
Uganda’s JKCC General Supplies has secured a $6.5 million loan from the IDH Farmfit Fund to support its operations and expand its reach among local coffee farmers.
The UK government, in partnership with FSD Africa, has unveiled a KSH 667 million ($5.2 million) initiative to improve financing access for small and medium-sized enterprises (SMEs) in Kenya.
Arise IIP and Africa Finance Corporation (AFC) have joined forces to establish a $100 million fund dedicated to supporting African entrepreneurs.
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