Balmed signed Funding Agreement with the African Enterprise Challenge Fund
Balmed Holdings signed a Funding Agreement with the African Enterprise Challenge Fund. (AECF) The company was granted an 800.000 $ facility to upscale the Blockfarming operations and plant another 3.000 acres of treecrops using the Blockfarming System. Balmed will furthermore diversify into cashew production targeting the northern parts of Sierra Leone. The project will result in 930 direct project beneficiaries and an average Net Benefit of 945 $ per household per year, when crops reach full maturity.