July 3, 2024

Emerald Africa Financing Facility invests in CoAmana

CoAmana is supported by the CLIC Connector and EAFF is incubated by CLIC member Small Foundation.
Copy link
Emerald Africa Financing Facility invests in CoAmana

CoAmana, an agribusiness among CLIC’s 2023 cohort of SMEs, has received a strategic investment from Emerald Africa Financing Facility! The funding will help scale CoAmana’s buy-now-pay-later capacities in Kenya to support more farmers and agribusinesses with credit access.

CoAmana digitizes physical market hubs and food systems in Kenya and Nigeria by linking rural agri-SMEs to market trade services, financing, and fulfilment solutions. Founded by Hafsah Jumare, the company is among the eight agri-SMEs supported by CLIC’s Agrifood Investment Connector, a platform to raise private funding for early-stage agribusinesses with climate and nature impacts in emerging markets.

Emerald Africa Financing Facility (EAFF) is a debt financing facility incubated by CLIC member Small Foundation, a philanthropy catalysing and scaling finance for rural SMEs in Sub-Saharan Africa. EAFF invests in early-stage agri-tech ventures that offer credit services to SMEs to enable greater financial access and inclusion.

Sign up to our newsletter