News

Agricultural Development Bank receives nod to raise $22 million from Ghana Amalgamated Trust

01-20-2020 | 12:30:00
Ghana’s commercial bank with focus on Agriculture, ADB has announced that it has received approval to issue in excess of 39 million ordinary shares to the Ghana Amalgamated Trust.

Uganda Industrial Research Institute unveils fruit processing facility

01-20-2020 | 10:30:00
The Uganda Industrial Research Institute a company wholly owned by the government of Uganda has commissioned the Nyakihanga Fruit Processing Facility to add value through production of fruit juices.

Maghreb Private Equity Fund IV buys 1.8 million shares from Tunisian Cheese maker Land’Or

01-20-2020 | 08:58:00
Maghreb Private Equity Fund IV (MPEF IV) has acquired 1.8 million new shares, representing 16.20% of the capital of the Tunisian agrifood firm Land’Or.

Rwanda government sells Burera Dairy Limited to Zimbabwe’s Afrisol

01-20-2020 | 08:50:00
African Solutions Private Ltd (Afrisol), a Zimbabwean firm which has been investing in Rwanda over the past two years, has bought off the 98.3% shareholding in Burera Diary Limited from the Rwanda Government.

IFC’s $55 million investment in Habesha Breweries a boost to Ethiopia’s barley industry

01-17-2020 | 12:14:00
The International Finance Corporation (IFC) has extend $55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia.

DEG invests $2 million in Fairafric to establish chocolate production plant in Ghana

01-17-2020 | 09:56:00
German development finance institution DEG has granted US$2.2 million to Fairafric, a German company which specializes in the production and marketing of chocolate bars.

Nespresso targets to restore high quality coffee production in Mozambique

01-17-2020 | 07:56:00
Nespresso, a coffee operating unit of the Nestlé Group, has partnered with the Mozambique’s Gorongosa National Park to promote the local coffee industry as part of the Nespresso’s Reviving Origins program.

China, Sierra Leone donate rice, support implementation of country’s national school feeding programme

01-17-2020 | 07:42:00
The United Nations World Food Programme (WFP) welcomed a contribution of 2,850 metric tonnes of rice from the Government of Sierra Leone to support the implementation of the country’s national school feeding programme.

HarvestPlus, FAO release joint brief on biofortification

01-17-2020 | 07:41:00
HarvestPlus and the Food and Agriculture Organization of the United Nations (FAO) have released a joint brief on biofortification that presents the latest research evidence and implementation lessons learnt.

Southern Africa in throes of climate emergency, 45 million people facing hunger across the region, WFP

01-16-2020 | 12:20:00
A record 45 million people, mostly women and children in the 16-nation Southern African Development Community are gravely food insecure following repeated drought, widespread flooding and economic disarray.

Malawi launches Agricultural and Industrial Investment Corporation to drive private sector participation

01-16-2020 | 10:03:00
The newly established Malawi Agricultural and Industrial Investment Corporation (MAIIC) is now in full force to drive private sector led economic development in the country.

USAID and Awash Bank partner to finance agricultural businesses in Ethiopia

01-16-2020 | 08:33:00
The U.S. Agency for International Development (USAID) and Awash Bank have partnered to invest in microfinance institutions and small- and medium-sized agricultural businesses in Ethiopia.

Italy invests in Egypt’s tomato value chain

01-16-2020 | 08:30:37
The Italian Development Cooperation is contributing more than €4.55m to two United Nations Industrial Development Organization (UNIDO) projects in Egypt and Iraq.

[Egypt] Ezdehar Management acquires stake in Rich Food Industries

01-16-2020 | 08:28:00
Ezdehar Management has acquired an undisclosed stake in Rich Food Industries, a fast-growing manufacturer of convenience foods focused on the animal protein segment in Egypt.

[Nigeria] Presco investment in palm oil sector set to boost productivity

01-16-2020 | 08:18:00
Presco Plc, a palm-oil processing firm listed on the Nigerian Stock Exchange, has signed a partnership deal with the Edo State Government to develop high yielding oil palm seeds.