[Column] Mansoor Hamayun: Why smallholder farmers should be top of the bill at COP28
Six months from now, the world will descend on Dubai for COP28. Unfortunately, every COP summit sees more time spent talking about the vulnerabilities of the Global South and the aid required.
Ciwara Capital, une société d’investissement portée par la diaspora Africaine
Ciwara Capital est une société d’investissement tournée vers l’Afrique, portée par des membres de la diaspora africaine.
[Nigeria] Arla Foods inaugurates state-of-the-art Dairy Farm in Kaduna
Arla Foods cements commitment to support local dairy development in Nigeria with inauguration of state-of-the-art farm
Letshego Ghana partners with Ghana Commodity Exchange to improve value chain in farming
Letshego Ghana partners with Ghana Commodity Exchange to provide funding to farmers, brokers and aggregators and improve the farming value chain.
Uganda’s fishing communities boost businesses with saving accounts
Group savings have also been used by women to diversify their agricultural enterprises.
2CAfrica campaign was launched to increase SME financing and build local financing ecosystems
Inaugural West Africa Deal Summit generates commitments to deploy Catalytic Capital to close Small and Medium Enterprise (SME) financing gap.
J. Huete international démarre un projet de production horticole sur 20 hectares au Sénégal
J. Huete Greenhouses dirige la construction d’un projet agricole multidisciplinaire de 20 hectares au Sénégal.
Mastercard Foundation and First Consult announce program to support 72000 Micro, Small, and Medium Enterprises
The Mastercard Foundation and First Consult have announced the Micro, Small, and Medium Enterprise Recovery and Resilience (“MESMER”) Program to support 72,200 informal, start-up, and formal enterprises.
USD 11,70 millions de la BAD pour faciliter l’accès aux engrais des producteurs agricoles africains
Le Conseil d’administration de la Banque africaine de développement a donné son feu vert à la dotation budgétaire de 11,70 millions de dollars au Mécanisme africain de financement du développement des engrais (MAFDE).
Absa acquires minority stake in agritech start-up, Khula!
In line with its strategic intent to be a digitally powered business that is committed to transformation, Absa Bank has acquired a minority stake in the agritech start-up, Khula! App Pty Ltd.
AfDB approves $11.7 million to facilitate access to fertilizers for African farmers
The Board of Directors of the African Development Bank, AfDB, has approved a $11.7 million budgetary allocation to the African Fertilizer Financing Mechanism (AFFM) for its 2023 operations.
STIHL EA sets eyes on localizing its product development with $100 million investment
Power tools manufacturer STIHL East Africa has announced it will invest Sh100 million in local accessories manufacturing every year as it seeks to localise its product development in the region.
Kenya and IFAD agree to accelerate agriculture and adapt to climate crisis
Kenya is one of the countries most affected by the climate crisis. One of the worst ever droughts in over 40 years has caused crop failure and numerous livestock deaths.
SC Ventures launches Tawi to improve financial access for smallholder farmers in Kenya
Tawi aims to provide farmers with a viable and consistent market, price transparency and efficient supply chain management.
The driving forces: Major industries impacting the African economy
Despite the challenges it's facing, Africa is home to some of the world’s fastest economies. With a fast-growing population and a wealth of natural resources, it has become an attractive destination for investors to capitalize on its untapped potential.
How technology help with irrigation in Africa
Today humanity is facing two major problems — lack of food and water to provide for the constantly growing global population.
TDF extends financing to PADDC to support Zambian SMEs supplying agribusiness and mining sectors
he Trade and Development Fund (TDF) is extending a USD 2 million facility to Pangaea ADD Capital Limited (PADDC) to finance small and medium-sized enterprises (SMEs) supplying the mining and agribusiness sectors in Zambia.
HV Capital closes $782 million fund for 'Technology Disruptors'
Germany’s HV Capital says it has closed a €710 million ($782 million) fund targeting “high-growth” firms.
Uganda bets on mobile app for reliable fisheries data
In Uganda, over 670 stakeholders of the fish value chain are accessing comprehensive fisheries data from Lakes Albert and Victoria, in real-time
TDB and Finnfund working together for investment development in Africa
TDB Group has signed a Memorandum of Understanding with Finnfund, a Finnish development financier and impact investor, to promote investments that contribute to the UN Sustainable Development Goals in key projects in TDB member states.
Bühler and Nigerian government collaborate to enhance rice production and food security
Initiated in 2017 with the agreement for the acquisition of a rice mill at Imota, the project involves the government at both state and federal level, which has recognised the importance of improving the independence and security of its food supply.
Elgon Kenya MD Dr. Bimal Kantaria appointed to the global advisory council of CWEIC
The Commonwealth Enterprise and Investment Council, CWEIC, has selected agro input company Elgon Kenya as its strategic partner and appointed its Managing Director Dr. Bimal Kantaria to its global advisory council.
[Interview] Alexis Thirouin, Financial Director at Investisseurs & Partenaires - I&P
Investisseurs & Partenaires (I&P) has been an influential investor in Sub-Saharan Africa for more than 20 years, focusing on financing solutions and support for small and medium-sized enterprises (SMEs) rooted in their local economies.
Victory Farms raises $35 million to expand in the whole East Africa
East African tilapia producer Victory Farms has successfully completed a $35 million Series B round, which will fund the expansion of its operations in Kenya and Rwanda, as well as potential entry into Ethiopia, Uganda and Tanzania.
Farmerline étend ses opérations à l'Afrique francophone avec un lancement en Côte d'Ivoire
L’entreprise d’agritech ghanéenne Farmerline Limited qui fournit principalement des technologies de gestion de données et d’analyse prédictive dans le secteur agricole vient de lancer officiellement ses activités en Côte d’Ivoire.
IFC, HSBC and Standard Bank invest in Westfalia to boost sustainable avocado production
To support the growth of the avocado industry in Africa, Asia, South America, and Europe, IFC, HSBC Bank, and Standard Bank announced an investment in Westfalia Fruit International Limited to help the company expand sustainable avocado production at its existing facilities and explore opportunities in new markets.
Government of Zambia and CIMMYT strengthen ties in agricultural development
Senior government officials in Zambia have embraced the rollout of the International Maize and Wheat Improvement Center’s (CIMMYT’s) new innovations which target smallholder farmers and agriculture-based value chain actors in the country.
Maltento to be financed by DEG to increase the production from organic waste
From DEG’s Up-Scaling program, the company got a co-financing of 788,000 USD, which allowed them to double their production capacity and add more growth chambers for the larvae.
German foundation pledges €5m to agriculture sector in Nigeria
The AFOS Foundation, a Germany-based autonomous and charitable organisation, says it is investing about 5.5 million euros as Intervention in Nigeria’s agriculture sector.
Eleven Kenyan researchers selected for fellowship to enhance agri-food policies
Drawn from diverse organizations including the private sector, non-governmental organizations, and government agencies, the 49 AWARD Policy Fellows hail from six African anglophone countries (Ghana, Kenya, Malawi, Nigeria, Uganda, and Zambia).
VC firm Equator raises $40 million in commitments for African climate tech startups
The global venture capital firm with teams in Nairobi, Lagos, London, and Colorado, seeks to invest in high-growth, ready-to-scale ventures that are driven by technology and business model innovation in their quest to address material economic and sustainability challenges in the region.
Kenya and Rwanda sign agreement on 10 areas of cooperation
Kenya and Rwanda Tuesday signed an agreement in 10 areas of cooperation to enhance relations. The Memorandum of Understanding will establish mechanisms for effective cooperation in Education, ICT, Gender and Child Development, Youth and Capacity Development for the Public Service.
[Interview] Awe Oludayo, Managing Partner, OS Concepts, Nigeria
Awe Oludayo is a business analyst with specialties in business process improvement, business process improvement and business process management. He's the managing partner of OS Concepts, headquartered in Nigeria.
More investments to bolster infrastructure, energy security, food security, and healthcare from DFC
The transactions will support U.S. foreign policy and development priorities across the globe, including enabling sustainable infrastructure and energy security, advancing food security and agricultural innovation, supporting small businesses, and improving healthcare.
BOAD va accorder plus de 41 millions € pour la sécurité alimentaire au Sénégal et au Niger
La Banque Ouest Africaine de Développement (BOAD) vient d'octroyer des financements de 11 milliards FCFA (16,8 millions €) au Sénégal et de 16 milliards FCFA (24,4 millions €) pour la résilience à l'insécurité alimentaire et nutritionnelle au Sahel.
Syngenta Group launches “Shoots by Syngenta™” for innovative agriculture
Syngenta Group launches new agricultural innovation collaboration and accelerator platform to address critical scientific and technological challenges.
[Column] Apollos Nwafor: Investing in African food systems resilience
Multiple natural and man-made shocks to agri-food systems including drought, floods, fall armyworm invasion, the COVID-19 pandemic and the Russia-Ukraine conflict have disproportionately affected the continent, driving up food prices.
The EU and IFAD join forces to support resilient and sustainable food systems
Small-scale farmers produce one third of the world’s food and up to 70 percent of the food in low- and middle-income countries.
Food tech company GrubMarket expands into Egypt
These developments represent GrubMarket's underlying commitment to building a robust, global supply chain for high-quality, fresh produce.
Barry Callebaut et Nestlé s'associent pour un projet d'agroforesterie à grande échelle en Côte d'Ivoire
L'accord à long terme entre Barry Callebaut et Nestlé permettra de déployer 11 500 hectares d'agroforesterie, y compris des paiements pour services écosystémiques (PSE) à plus de 6 000 agriculteurs en Côte d'Ivoire.
Factor[e] Ventures launches a new venture studio to transform the African startup ecosystem
Delta40 focuses on technology-driven energy, agriculture, and mobility ventures led by diverse, experienced founders.
[Column] Yaya Deome: What Africa should expect from the Dakar Food Summit
The first step in transforming the food system in the continent of Africa must be to acknowledge and emphasise how urgent it is to make significant changes at the national and international levels.
[Kenya] FMC Corporation invests in new programme targeting youth in agriculture
The program will prepare youth for employment opportunities in agribusiness and improve the economic livelihoods of smallholder farmers across the country.
7 millions $ pour améliorer l’accès au financement dans la filière rizicole au Sénégal
Afin de renforcer la production de riz et la sécurité alimentaire au Sénégal, IFC a annoncé un partenariat avec agCelerant et Bank of Africa-Sénégal.
Trade Hub awards $1.4 million co-investment grant to OCP Africa Fertilizers Nigeria Limited
the West Africa Trade & Investment Hub (Trade Hub) announced that it had awarded a $1.4 million(N574 million) co-investment grant to OCP Africa Fertilizers Nigeria Limited.
eco.business Fund receives $67 million from BMZ and KfW to support sustainable practices in sub-Saharan Africa and Latin America
The eco.business Fund has received investments for an aggregate amount of USD 67 million from its strategic partners, the German Federal Ministry of Economic Cooperation and Development (BMZ), acting through KfW Development Bank (KfW), and KfW on its own behalf.
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
[East Africa Business Week] Bob Koigi: Improving business competitiveness in the region: The case of TradeMark Africa
As it rebrands to TradeMark Africa, TMA, in its bid to grow its continental footprint, aid for trade institution formerly known as TradeMark East, boasts of having made a lasting mark in East Africa where it has operated for over ten years.
EIB Climate Survey in Kenya
97% of Kenyan respondents say climate change is already affecting their everyday life.
[Nigeria Business Week] Andrea Ayemoba: 2022 statistics outline Nigeria's economic status quo
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
[East Africa Business Week] Bob Koigi: Enhancing regional digital integration
As East Africa seeks to become a more deeply integrated and dynamic digital investment, innovation, and growth hub, it is exploring initiatives and partners to help it drive that agenda as it seeks to boost its competitiveness as an investment hub.
[East Africa Business Week] Growing the region’s investment portfolio
In the last week, a series of investments across East Africa have been unveiled by corporates, banks, multinationals and development partners as the region continues to position itself as an investment hub in the continent.
[East Africa Business Week] Bob Koigi: Scaling startups’ investment in the region
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
[East Africa Business Week] Bob Koigi: Deepening diaspora remittances, driving regional investment
In a first of its kind move, The East African Community (EAC) has announced setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region.
[East Africa Business Week] Bob Koigi: Cushioning food systems from shocks
This week, thousands of delegates across the continent and beyond are gathered in Kigali, Rwanda for the African Green Revolution Forum, AGRF, an annual event bringing governments and partners together around food security and making safe, nutritious foods produced in a sustainable way available to all Africans.
[East Africa Business Week] Bob Koigi: Bolstering integration with Tripartite Business Council
In a historic move for the integration process, The East African Business Council, COMESA and SADC Business Council recently launched and formed the African Tripartite Business Council.
[Interview] Dr. Mima Nedelcovych, Chairman, AfricaGlobal Schaffer
Dr. Mima Nedelcovych is the Founder and Chairman of AfricaGlobal Schaffer, a strategic consulting firm focused on project development, project finance, trade facilitation, and public-private partnerships in developing countries, with a particular focus on Africa.
[Interview] Dr. Mima Nedelcovych, Président, AfricaGlobal Schaffer
Mima Nedelcovych est fondateur et président d'AfricaGlobal Schaffer, une société de conseil stratégique spécialisée dans le développement de projets, le financement de projets, la facilitation du commerce et les partenariats public-privé dans les pays en développement, et plus particulièrement en Afrique.
[East Africa Business Week] Bob Koigi: Actualizing the Common Market Protocol
The Summit discussed a raft of issues touching on the region from infrastructure development, energy transition, removing all restrictions on air transport services and strengthening the community.
Côte d'Ivoire as a country for investment
Côte d'Ivoire has raised its reputation as a leading party for investment when considering francophone Africa but also considering the continent as a whole.
[East Africa Business Week] Bob Koigi: Region bets on bioeconomy to bolster growth
Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products.
[Nigeria Business Week] Andrea Ayemoba: Gas price triggers ripple effect across industries
Nigeria’s inflation as of the month of May stood at 17.71%, but economists are now predicting just a month later a new figure we can expect at the end of this year.
[East Africa Business Week] Bob Koigi: South Sudan remains a strategic player in the region’s petroleum industry
Owing to its strategic position at the heart of a wider Nile Basin-East Africa hydrocarbons-rich area, South Sudan is emerging as the hub for petroleum industry services and exploration in the region.
[East Africa Business Week] Bob Koigi: Region bets on $91.5 million budget to drive economic integration
This week, the East African Community has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2022/2023 Financial Year totaling $91.5 million.
[Nigeria Business Week] Andrea Ayemoba: Clean energy gets funding amid inflation and trade deficits
Oil and Gas has been a pillar supporting the Nigerian economy for a very long time. Rich in this natural resource, Nigeria may be guilty of neglecting other promising sectors, like Agriculture and even Insurance.
[Nigeria Business Week] Andrea Ayemoba: FG targets unidentified sim cards, CBN targets non-compliant banks
Events this week have taken an interesting turn – investors have in the last few days demonstrated a lack of confidence in the banking sector, otherwise known for its resilience in the face of economic instability.
[Nigeria Business Week] Andrea Ayemoba: Telcos break new ground, digital loans gain momentum
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
[Nigeria Business Week] Andrea Ayemoba: Persistent shortages and inflation call for new measures
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
[Nigeria Business Week] Andrea Ayemoba: Experts point toward startup management for local productivity
Nigeria’s crown jewel, oil and gas, has been in a state of mild disrepair for several months now. There’s an ongoing fuel scarcity situation that is intensifying by the day and causing a ripple effect in every aspect of daily life.
[Nigeria Business Week] Andrea Ayemoba: A call for exports diversification for higher market gains
Agriculturists and entrepreneurs are working harder than ever to address food sufficiency, but energy rests firmly on the government’s shoulders.
[East Africa Business Week] Bob Koigi: Financial institutions bank on tech to bolster offerings
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
[Nigeria Business Week] Andrea Ayemoba: Government, Central Bank turn focus to the startup movement
There’s an ongoing comparison in Nigeria's status quo that is causing some rift – the national statistics and reports are showing a promising and stable economy, but the situation on-ground reflects a different reality.
[Nigeria Business Week] Andrea Ayemoba: 5G becomes national security policy, industries seek sustainability in technology
The one thing the current global pandemic has unilaterally effected in all nations is a rearrangement of priorities, both for people and for governments. Survival elements – food and healthcare – have taken lead position.
[Nigeria Business Week] Andrea Ayemoba: The 'ember' months performance review
The end of year (fondly referred to as ‘ember months’) tends to bring about anxieties of different sorts among Nigerians.
[Nigeria Business Week] Andrea Ayemoba: Come dry season, food production and supply chain gain emphasis
As we have established time and again, fertile lands and an able, skilled workforce are a vital combination for a thriving agricultural sector.
[Nigeria Business Week] Andrea Ayemoba: Industries unanimously look toward renewable, sustainable practices
The Covid-19 crisis has been cause for numerous economic slumps round the world; companies were shut down, production halted, industries crippled and prices skyrocketed the world over.
[Nigeria Business Week] Andrea Ayemoba: Nigeria enters green market, takes on AfCFTA implementation
The collaboration of government with industries is crucial for economic progress, be the market large or small. Nigeria knows this and is taking steps to work closely and create better transparency in one of the country’s most robust industries.
[Africa Business Panel] 6 percent of African Business Professionals expect their companies not to survive the Covid-19 Crisis
About 2/3 of the African companies (62%) say they are struggling but will survive. Almost a third of companies (29%) say they are doing well and the near future is looking good
African Development Bank delivers on a decade of transformative commitments to reduce poverty
For the past five decades, the African Development Bank Group has been at the forefront of driving Africa’s economic transformation, leveraging its diverse resources and unique know-how as an indigenous development finance institution.
Most commodity prices to drop in 2020 as COVID-19 depresses demand, disrupts supply, World Bank
The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.
[Column] Bob Koigi: Of coronavirus crisis and the silver lining for Africa
As economies take a hit from the impacts of the Coronavirus pandemic, the crisis is birthing opportunities and continues to create crucial lessons on resilience and adaptation especially in Africa.
[Interview] Bob Koigi, Africa Business Communities
Bob Koigi, multiple award winning journalist and East Africa Region Chief Editor at Africa Business Communities, was recently selected as one of the 100 worldwide most influential people of African descent under 40
[Column] Okisegere Ojepat: Why multiple, conflicted agencies make a mess of food safety
Safe food is essential to our health and wellbeing; yet it has emerged as a political football in recent months, as different authorities chase a role in food testing.
[Column] Bob Koigi: Technology farming is the answer to Africa’s growing food demand
The unprecedented population boom in Africa, the highest world over, continues to put more pressure on food producers as they grapple with having more mouths to feed.
[Column] Michael Arum: Sugar industry faces exacerbated decline and extinction on proposed regulations in Kenya
Kenya’s sugar industry has many natural advantages, almost all of which have been undermined by policy and public mismanagement that has seen its productivity slump.
[Events] The Land Accelerator | 7-12 September 2019 | Nairobi | Kenya
A game-changing event took place in 2018 that breathed new life into old land: the first cohort of the Land Accelerator brought together entrepreneurs from seven countries across Africa. The magic will happen again from September 7-12, 2019, in Nairobi, Kenya
[Column] Forster Boateng: Ghana intensifies bid for eradication of aflatoxin-related losses from agricultural value chains
In sub-Saharan Africa, grains, tubers, nuts and oilseeds are key food items, representing the dietary basis for most of the population.
[Column] Thierry Hoza Ngoga: Agriculture flagship programmes blazing a trail in Africa
State capability, the ability of government to administer effectively, defines a political system. A government must be able to produce and deliver economic and social goods as its populace expects.
[Interview] Natalie Miller, CEO, GreenFingers Mobile, South Africa
Natalie Miller is an American entrepreneur and business development professional with over a decade of experience leading and growing organizations across Africa. In April 2018, Natalie joined agritech solutions provider, GreenFingers Mobile, as its CEO.
[Interview] Eric Acquah, Founder, AcquahMeyer Drone Tech, Ghana
Ghanaian entrepreneur, Eric Acquah, uses his experience in the Aerospace and Aviation industry to better Agriculture and farm productivity in Ghana.
[Interview] Samson Ogbole, Co-Founder, PS Nutraceuticals, Nigeria
Agriculture and technology working together create a environment condusive to efficiency, empowerment and health. This is the mandate at PS Nutraceuticals, co-founded by Samson Ogbole.
[Column] Diphetogo Lefhoko: Business risks that Botswana faces in 2019
One of the most important trends to emerge in recent years is that it is increasingly difficult to identify individual risks in isolation.
[Column] Sachen Gudka: Tracking Kenya Big Four Agenda’s performance
By deliberately centering Manufacturing in the Big 4 Agenda, Kenya made an expedient decision to steer itself back on the fast track towards realizing Vision 2030.
[Nigeria Business Week] Industries partner to reach common goals
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
[Column] Bob Koigi: Cultivating the Facebook farming revolution to grow African economies
In less than a decade, Africa ICT sector has experienced an unprecedented boom that has caught the world’s attention.
[Kenya Business Week] Leveraging the blue economy wave to boost national purse
Kenya has this week successfully hosted the first global conference on blue economy that brought together over 16,000 delegates.
[Kenya Business Week] Flying into new opportunities
African countries have been pushing for an open skies agreement to make intra Africa trade and movement cheaper and faster.
[Kenya Business Week] Breathing new life into SMEs
Small and medium sized businesses in Kenya represents 75 per cent of the country's workforce, constitute 98 percent of all businesses in Kenya and contribute 3 percent to the national purse.
[SA Business Week] Key sectors appointments and a busy air route
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.