PIDG’s InfraCo leads $26m Series B in Tanzania’s East Africa Foods

The Private Infrastructure Development Group (PIDG) has led a $26 million Series B round in Tanzanian agritech company East Africa Foods (EAF), investing through InfraCo, its equity arm; the round sits inside a larger $40 million raise. Oikocredit and FMO , the Dutch development bank, joined the equity round, and so did returning backers ARAF , Goodwell , Africa Eats and FINCA . Debt makes up part of the rest.