The Empower Africa Business Platform is Now Live !!!
One Acre Fund, a social enterprise empowering smallholder farmers in East Africa, has secured a $1.4 million investment from Impact Bridge Asset Management.
The Spanish investment firm is dedicated to funding businesses that create positive social and environmental impact in developing nations.
Founded in Kenya in 2006, One Acre Fund has been instrumental in improving the lives of millions of farmers by providing access to quality agricultural inputs, training, and financial services.
The organization’s focus on climate-smart farming and reforestation initiatives has contributed significantly to building resilient communities.
The fresh capital injection will bolster One Acre Fund’s efforts to expand its reach and deepen its impact.
The organization aims to serve 10 million farmers across nine African countries by 2030, a goal that aligns with its mission to reduce poverty and enhance food security in the region.
Impact Bridge Asset Management’s investment underscores the growing interest in sustainable and socially responsible investments.
The firm’s commitment to supporting businesses like One Acre Fund highlights the potential for positive change in developing countries.
“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.

South African fintech startup Peach Payments has closed a $31 million Series A funding round for expansion.

Avanz Capital Egypt has joined Algebra Ventures’ second fund as a limited partner through a secondary transaction executed by its investment arm, Avanz Manara.

Itana and the Africa Finance Corporation (AFC) have entered into a formal partnership to develop Africa’s first digital economic zone.