Trending
- d.light’s 600,000 cookstoves project verified as top source of quality carbon credits
- Artificial intelligence (AI) could create a turning point for financial inclusion in Africa
- AIM Congress 2024: Catalysing global investments with awards
- Kenya’s economic resurgence in 2024
- The most stressful cities to live in 2024 exposed
- Tech ventures can now apply for the Africa Tech Summit London Investment Showcase
- State of journalism survey 2024 shows media houses are lagging in AI adoption
- Forum sets the stage to unleash global potential for startups during AIM Congress 2024
Browsing: Cold Chain Storage
African Development Banks (AfDB) one of Africa’s vibrant development funders have levitated the cold storage chain industry in East Africa, by supporting it with a $10 million equity investment.
According to the bank’s statement, AfDB’s board of directors approved the sum which is part of the ARCH Cold Chain Solutions East Africa Fund (CCSEAF), which is targeted at supporting the development, construction and operation of greenfield cold storage, temperature-controlled solutions and distribution facilities in East Africa.
At the moment, several startups and business solutions have been established across East Africa, tackling storage challenges, one of them is Cold Solutions East Africa, which is one of the region’s leading temperature-controlled storage and logistics.
Read: Will the digital economy in Africa just remain a myth?
AfDB is not the only financial institution to throw its resources into the cold storage arena, Rabobank is also dedicated to the same market in East Africa.…