LP mulls $20m commitment to ARCH Cold Chain Solutions East Africa Fund
The European Investment Bank is considering a $20 million investment in the ARCH Cold Chain Solutions East Africa Fund.
The fund will invest equity or equity-related funds primarily into greenfield assets in temperature-controlled supply chains. Target clients are expected to be active mainly in the agriculture/food (~90%) and vaccines/medicine (~10%) sectors. The promoter intends to complement the energy provision needs with off-grid renewable power production (mainly using solar photovoltaic and battery storage), seeking to minimise environment and climate impacts.
The fund is expected to focus on investments in Ethiopia, Kenya, Rwanda, Tanzania and Uganda.
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