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London-based firm to receive $4 M to expand Malawi operations

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Tuesday, 24 July 2018

London-based firm to receive $4 M to expand Malawi operations

The International Finance Corporation (IFC) and the Global Agriculture and Food Security Programme will jointly provide a $4 million loan to Global Tea & Commodities, a London-based company that produces tea, coffee and Macadamia nuts for the European Union, the United States, Asia and Africa. The company, which has tea trading offices in Kenya, Malawi, India and the United Kingdom, will use its resources to finance renewable energy solutions, expand its tea and macadamia plantations, and support nearly 3,300 local farmers in Malawi.

Source: Ecofin Agency.