Phatisa Food Fund 2 reaches $143 million final close from DFI commitments
4th February 2021, Montreal - A group of leading development finance institutions (DFIs) and impact investors – CDC Group, Norfund, Finnfund, FinDev Canada and BIO – announce an $82 million joint commitment to Phatisa Food Fund 2 (PFF 2 or the Fund), managed by Phatisa. PFF 2 will invest across the African food value chain, considering investments in mechanisation, inputs, poultry and meat production, food processing and manufacturing, logistics, aggregation and distribution across Sub-Saharan Africa. The investment will strengthen and increase food supply, local production and distribution across the region.
A consortium of investors, consisting of CDC, Norfund, Finnfund, FinDev Canada, and BIO committed to the Fund’s final close, $30m, $20m, $15m, $10m and $7m, respectively. The Fund has reached a final close of $143m, bringing DFIs and commercial investors together to boost the supply of qual
By Ryann Scheib
Feb 2, 2021 9:07 PM
A whopping amount of 58% of food produced in Canada is thrown out each year (The Available Crisis of Canada, 2019). This equals to 35.5 million tonnes.
This shocking number and the cracks in the food system caused Divyansh Ojah, Western alum to start his own business in 2017. Food Fund delivers imperfect fruits and vegetables to your doorstep for as little as $10.
@idelamaza / Unsplash
Food Fund is working towards reducing the number of wasted food in the province by collecting the imperfect and unwanted produce from local farmers and major distributors in Toronto. They then sell it for a cheaper price and in smaller quantities; reducing environmental and economic waste.
Cozy Corner Patios Distributes Over 23,000 Meals to Individuals in Need
In Partnership with Pledgeling Food Fund, the Colorado-Based Furniture Company Provides Coronavirus Relief
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WESTMINSTER, Colo., Jan. 26, 2021 /PRNewswire/ Today, Cozy Corner Patios, a patio furniture company based in Colorado, announced that it has distributed over 23,000 meals to those in need by partnering with Pledgeling Food Fund. Meal began distribution on May 5, 2020, as the Coronavirus reached a new peak and limited access to countless resources across the country.
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Of the furniture brand s latest announcement, Cozy Corner Patio co-founder Maria said, We felt it was important to make an effort to support the community through service and make a social impact amidst a particularly tough time for all residents of the colorful state.
高原边防一线部队的节日餐桌，增添了又一道 硬菜 ！ 163.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 163.com Daily Mail and Mail on Sunday newspapers.