BOLDEN African News · Wednesday 7 October 2026
Tanzania's East Africa Foods raises about US$40 million to expand food logistics
East Africa Foods raised about US$40 million, including a US$26 million Series B led by InfraCo, part of the Private Infrastructure Development Group, with FMO and Oikocredit joining. The Schmidt Family Foundation provided debt. The company sources from more than 28,000 smallholder farmers and supplies more than 10,000 retailers in Tanzania and Kenya.
Why it matters
It shows development and impact investors backing agri-logistics businesses that cut post-harvest losses across East Africa.
Sources: African Startups, WeeTracker · 7 October 2026