- by Ulande Nkomesha on 24 Aug 2019by Julia Malunga on 24 Aug 2019by Natasha Sakala on 24 Aug 2019by Natasha Sakala on 24 Aug 2019
- by Stuart Lisulo on 23 Aug 2019by Stuart Lisulo on 22 Aug 2019by Ulande Nkomesha on 22 Aug 2019by Ulande Nkomesha on 21 Aug 2019
- by Zondiwe Mbewe on 24 Aug 2019by Zondiwe Mbewe on 24 Aug 2019by Joseph Mwenda on 23 Aug 2019by Zondiwe Mbewe on 23 Aug 2019
- Goal Diggers
- by Abraham Kalito on 23 Aug 2019by Abraham Kalito on 23 Aug 2019by Abraham Kalito on 8 Aug 2019by Abraham Kalito on 8 Aug 2019
- by Diggers Editor on 24 Aug 2019by Diggers Editor on 22 Aug 2019by Diggers Editor on 21 Aug 2019by Diggers Editor on 20 Aug 2019
- Guest Diggers
- by Chisoni Mumba, PhD on 17 Aug 2019by CUTS on 4 Aug 2019by Kangwa Muyunda on 3 Aug 2019by Rueben Lifuka on 31 Jul 2019
- Editor's Choice
- by Diggers Correspondent on 24 May 2019by Diggers Reporter on 4 Mar 2019by Andyford Mayele Banda on 29 Jan 2019by Davies Mwila on 22 Jan 2019
- by Diggers Correspondent on 11 Aug 2019by Mukosha Funga on 27 Jul 2019by Mukosha Funga on 21 Jul 2019by Web Master on 27 Jun 2019
Ferngroove secures $30 million to boost local agro-processingBy Stuart Lisulo on 26 Sep 2018
Ferngroove BC, a Lusaka-based investment advisory firm, has secured up to US $30 million funding targeted at boosting the agro-processing sector in Zambia.
According to a press release issued, Tuesday, Ferngroove BC Chairman, Conrad Gomani revealed that his firm, and its principal partners from Kenya, have approved a capital injection of up to US $30 million to inject into agro-processing businesses in Zambia.
Gomani disclosed that the funds can be accessed as equity or debt by companies looking for agro-processing capital with tickets ranging from US $5 million to US $30 million, and within eight weeks of application.
“Our funding partners have special interest in funding agro-processing and value-addition ventures. They have made similar investments in South Africa, Botswana and Zimbabwe,” Gomani stated, adding that the investment firm has set its eyes on Zambia due to a positive economic outlook.
Gomani added that Ferngroove’s funding partners have appointed Ferngroove BC to handle disbursements in Zambia for all prospective agro-businesses in the country.
He further said agro-processing firms wishing to benefit from the funding should have been profitable for the past two years and must have a good corporate governance structure solidly in place.
Ferngroove is a wholly-owned Zambian financial and corporate finance advisory firm that specializes in business valuation, corporate restructuring, mergers and acquisitions, capital and financial restructuring, among others, and has been operating for 10 years.
About Stuart Lisulo
Stuart Lisulo is an experienced journalist with a focus on business news.
Email: stuart [at] diggers [dot] news
- Govt willing to discuss “user-friendly” exit for Vedanta – Musukwa - 23 Aug 2019
- If austerity measures were working, we wouldn’t be having these problems – BoZ - 22 Aug 2019
- Kwacha slides back to hit K13 per dollar - 9 Aug 2019
- Don’t stop us, we want to talk about corruption – Zukas - 1 Aug 2019
- Govt should consider emergency cash transfers to counter high mealie meal prices – IAPRI - 30 Jul 2019
- Mwenye's corruption remarks irk PF (3,550 views)
- ConCourt has no powers to hear Bill 10 - Kalaluka (2,502 views)
- If austerity measures were working, we wouldn't be having these problems – BoZ (2,285 views)
- Zesco announces increased load-shedding (1,620 view)
- Forget the Damn headline, did you get the message? (1,215 view)
- KCM opposes Vedanta’s application to disregard in-house lawyer’s affidavit
- Maize dependency will continue making Zambia vulnerable to hunger – Kayula
- High mealie meal prices are an indictment on Lungu – Nalumango
- High Court restrains Tilyenji from acting as UNIP president
- Why was impeachment motion halted if courts have no bearing on Parley, HH asks Matibini
Subscribe For News In Email
The News Diggers
Deputy News Editor
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend