The global bamboo market size is expected to reach $82.90 billion by 2028. It is expected to expand at a compound annual growth rate, CAGR, of 5.7% from 2021 to 2028 according to a new report by Research and Markets.
The United States Agency for International Development (USAID), on behalf of the American people, has launched a new $5.8 million, five-year, public-private partnership to strengthen Madagascar’s chocolate and spices industry, improve farmer livelihoods, and conserve biodiversity.
The first of its kind in this region, the new facility will have the capacity to store up to 500 tonnes of green onion and other fresh vegetables.
The World Bank approved $40 million to promote the development of inclusive, resilient, and competitive agricultural value chains, with specific focus on smallholder farmers and agribusinesses in The Gambia.
The data collection tools being used were developed by government stakeholders in the agriculture sector. The registration of farmers is primarily covering their demographic data, main farming practices, and livestock ownership.
L'ITFC signe un accord de 40 millions d'euros avec la SONACOS pour financer la campagne arachidière au Sénégal
La Société Internationale Islamique de Financement du Commerce (ITFC), a accordé un financement de 40 millions d'euros à la Société nationale de commercialisation des oléagineux du Sénégal (SONACOS).
The International Islamic Trade Finance Corporation (ITFC), granted €40 million financing to Senegal National Groundnut Company (SONACOS), dedicated to post-Covid recovery of the Senegalese agriculture sector.
Unilever has announced that it has entered into an agreement to sell its global Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion on a cash-free, debt-free basis.
La Banque africaine de développement a joué un rôle essentiel dans le soutien apporté à des millions d’Africains, affectés par les conséquences de la pandémie de Covid-19 en 2020, souligne l’édition 2021 de la Revue annuelle sur l’efficacité du développement publiée ce mardi par l’institution.
Saudi Arabian Mining Company Ma'aden strengthens African presence with a new fertilizer terminal in Malawi
The Liwonde Terminal is strategically located on the rail line connecting the Republic of Malawi to the deep-sea port of Nacala in the Republic of Zambia, allowing for high access to Ma’aden’s fertilizer products across central and southern Africa.
Kigali-based agriculture startup AflaSight, partners launch innovative projects to improve maize quality in Rwanda
The World Food Programme (WFP), IFC, Kigali-based agriculture startup AflaSight, and Vanguard Economics launched innovative projects to help farmers and grain traders reduce prevalence of aflatoxins in crops and grains in Rwanda.
World Bank approves $570m to address food insecurity, boost resilience of food systems in West Africa
Four million people across West Africa stand to benefit from a new multi-phase regional program that will complement and enhance ongoing efforts to reduce food insecurity and improve the resilience of food systems.
From a labour-force perspective, 11 million young people enter the job market every year, but only 3.7 million jobs are created to accommodate them.
A team comprised of Government regulatory Agencies as well as the Private Sector in the horticulture sector have met and discussed with counterparts from the European Union (EU) and EU private sector equivalents on possible resumption of Mango export to the European Union after a self·ban of seven years.
The programme seeks start-ups with innovations tackling hunger, improving food security and/or strengthening regional food systems. Selected enterprises will receive technical support, training, and mentorship and have an opportunity to receive grant funding of up to $100,000.
Scientists and experts have however lauded Kenya’s pest regulatory regime as robust and one of the stringent in the continent thanks to the concerted efforts of government and private sector.
Le Conseil d’administration du Groupe de la Banque africaine de développement a accordé un prêt du Fonds Africain de Développement de 70,76 millions de dollars américains à la République démocratique du Congo (RDC) pour le développement agro-industriel.
Kenya’s Sh153 billion, approximately $1.4 billion, horticulture industry is staring at collapse if a new bill introduced in parliament seeking a blanket ban on pesticides is passed.
To help farmers and grain traders reduce the prevalence of aflatoxins in crops and grains in Rwanda, the United Nations World Food Programme, the International Finance Corporation, AflaSight, and Vanguard Economics launched two innovative pilot projects aimed at improving maize quality in the country.
ARISE IIP et FibreTrace s'associent pour créer la première chaîne d'approvisionnement en coton en Afrique
ARISE IIP et FibreTrace ont annoncé un nouveau programme pilote permettant la traçabilité de la filature au vêtement pour les installations de filature très attendues d'ARISE IIP en République du Bénin.
Symbiotics and Oikocredit invest US$ 30.75 million to support West Africa cocoa and cashew value chains
Symbiotics, and Oikocredit have extended a loan to the value of $30.75 Million to Agri Commodities & Finance FZ-LLC, the UAE subsidiary of Export Trading Group (ETG).
In 2020, the country faced one of its most devastating crop losses in the recent past when locusts invaded major breadbaskets attacking up to a million hectares and destroying crops that left 25 million people hungry according to estimates from global NGO Oxfam.In 2020, the country faced one of its most devastating crop losses in the recent past when locusts invaded major breadbaskets attacking up to a million hectares and destroying crops that left 25 million people hungry according to estimates from global NGO Oxfam.
Cellulant, a Pan-African payments company, has partnered with one of Zambia’s fish distributors, Lake Harvest to enable mobile payments in all their outlets through the Tingg one-stop digital payment platform.
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.
The International Fund for Agricultural Development (IFAD) has announced support for a new $67.43 million investment programme that seeks to increase productivity and rural incomes for 78,000 vulnerable rural households in Zimbabwe.
Aware of this fact, the Insect Feed for Poultry, Fish and Pig Production (INSFEED) project has been exploring the use of insects, such as black soldier flies (BSF) and crickets, within animal feeds.
The Capital Markets Authority (CMA) has issued two full licenses and extended two provisional licenses granted to coffee brokers by a further six months in line with the Capital Markets (Coffee Exchange) Regulations, 2020.
More than 2 million smallholder farming families contribute to the economy of Malawi, but they struggle to sustain, grow and diversify their farming business.
German government announces €18 million support to subsidize climate insurance for African Risk Capacity member states
ARC, an African Union initiative that is led by 35 AU Member States, provides insurance for droughts and tropical cyclones. The standard approach to pay for climate disasters is slow and unpredictable, using humanitarian appeals or loans arranged after a disaster strikes.
Social investor Oikocredit provided a three-year $3.5 million loan to agricultural processors, wholesalers and retailers of Valency Agro Nigeria, to support the development of Nigeria’s cashew nut production and processing.
After drought and pests destroyed crops during the 2020-2021 farming season, nearly 65,000 farming households in Malawi have received cash payouts from an agricultural insurance programme of the United Nations World Food Programme (WFP).
[Column] Agnes Kalibata: Why the world’s biggest agribusiness player needs more support to tackle climate change
But it is not Unilever, Kraft or Danone. Instead, the largest private-sector player in food and agribusiness is in fact the world’s 500 million smallholder farmers, who are responsible for around a third of global food supplies.
This could have a catastrophic impact on poverty and food availability unless there is an urgent injection of funding to help vulnerable farmers adapt how and what they farm.
Pour relever le défi du développement et lutter contre la fragilité, les chaînes de valeur agricoles seront un levier essentiel pour favoriser une croissance inclusive en Gambie.
While the spotlight shines on our rural grandmothers, mothers and daughters, it is also an opportune time to declare that, as a continent, we must now do all it takes to alleviate the strife that our women in agriculture undergo to keep us well nourished, while securing a better future for coming generations.
Post-harvest food loss that occurs in-between production and distribution stages is one crucial environmental issue that necessitates immediate eco-friendly remedies from companies that seek solutions to improve storage, transport, and sales methods.
AGRA President H.E. Dr. Agnes Kalibata has been conferred with the Distinguished Award for Meritorious Service by the African Plant Breeders Association.
AgriFood-tech startup, Vendease, has closed a $3.2million seed round led by Global Founders Capital with participation from Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC and Soma Capital.
From 25th-29th October 2021, scientists, entrepreneurs, institutional leaders and students from Africa and beyond are meeting in Rwanda and online for the second continental African Plant Breeders Association Conference.
[Niger] La résilience à l’insécurité alimentaire et nutritionnelle se renforce avec le soutien de l'AfDB
Le Programme de renforcement de la résilience à l’insécurité alimentaire et nutritionnelle au Sahel a quasiment atteint ses objectifs.
The Internet of Things (IoT) is increasingly invaluable to this sector, largely because systems have come down so rapidly in cost and complexity
Crop insurance is one of the major risk management strategies used by farmers to financially safeguard themselves from the potential failure of crops, due to climate risk or other uncontrollable natural hazards.
OPEC Fund extends $25 million credit facility to boost regional agricultural integration in Benin and Togo
The OPEC Fund for International Development has signed loan agreements with the governments of Benin ($15 million) and Togo ($10 million) to support the Regional Program for the Integration of Agricultural Markets
BASF and Cargill expand partnership to develop innovative enzyme-based solutions for the animal feed industry
BASF and Cargill are expanding their partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners’ existing feed enzymes distribution agreements.
EBRD loans €6.2m to Compagnie Générale des Industries Alimentaires to promote Tunisia’s olive-oil sector
The European Bank for Reconstruction and Development (EBRD) is supporting olive-oil production in Tunisia with a €6.2 million loan to Compagnie Générale des Industries Alimentaires (COGIA SA).
Red Lands is internationally recognized for its green horticultural practices that respect people and the environment. Financial terms of the transaction were not disclosed.
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un don de 10,7 millions de dollars américains à Sao Tomé-et-Principe pour la mise en œuvre de la première phase de l’Initiative Zuntámon
The Capital Markets Authority (CMA) extended the provisional licenses granted to four coffee brokers by a further 30 days from 30 September 2021, in line with the Capital Markets (Coffee Exchange) Regulations, 2020.
Smallholder farmers and rural cooperatives across Zambia will benefit from a new €30 million initiative from Zanaco and Team Europe to accelerate agricultural investment launched in Lusaka and Luxembourg .
The primary drivers for the market growth include increasing automation in the agriculture industry and the shortage of manual labor in the sector.
The World Bank approved a credit from the International Development Association (IDA) in the amount of $100 million to support Cameroon’s efforts in promoting digital inclusion and the use of digital solutions in the agriculture sector.
IBM partners with ACME SAICO and Egypt's Ministry of Supply and Internal Trade to automates wheat silos processes
IBM and business partner ACME SAICO, have announced the automation of 22 wheat silos across Egypt by the end of this year using IBM AI-powered automation software.
NEOGEN Corporation announced partnership with Hendrix Genetics, a multi-species animal breeding, genetics, and technology company, to improve poultry genetic performance in Africa.
ReelFruit, a premium dried fruit company known for its high quality nutritious snacks, announced a Series A investment of $3 million to expand production with new factory in Nigeria.
Le Projet d’appui à la production vivrière et de renforcement de la résilience dans les départements de l’Alibori, du Borgou et des Collines, est en bonne voie.
Kenya’s President Uhuru Kenyatta has challenged global financial institutions to ramp up investments in agriculture as part of their support for African economies.
Le vice-présidente chargée de l’Agriculture et du Développement humain et social, s’est rendue à Yamoussoukro afin d’évaluer les avancées du Projet de pôle agro-industriel dans la région du Bélier
More than 1.3 million people in Angola's three south-western provinces of Cunene, Huila and Namibe are facing severe hunger as the worst drought in 40 years leaves fields barren, pasture lands dry and food reserves depleted.
The World Bank has approved new financing to improve Liberia’s fisheries sector management and enhance the livelihoods of targeted beneficiaries and increase Government revenues.
Leading research and humanitarian agencies have joined forces to harness data and technology in a bid to stop climate shocks resulting in hunger in vulnerable livestock farming communities.
Mariam Hussain co-founded Amader Khamar, a research and developement project working with local farmers in Bangladesh, commencing business operations in 2019. The initiative was selected by the United Nations in 2021 as one of the 50 Best Small Businesses in the world.
Key financial institutions, developers commit to joint action to speed up Special Agro-Industrial Processing Zones in Africa
The African Development Bank’s Special Agro-industrial Processing Zones (SAPZ) initiative can trigger a fundamental change in Africa’s economic transformation, partcipants at the first partnership meeting for agro-industrialization said.
[Nigeria] Agritech startup Releaf secures $4.2m funding to drive industrialisation of food processing in Africa
Nigeria's agritech startup Releaf, which develops proprietary hardware and software solutions to industrialize food processing has raised $2.7 million seed funding and grants.
Farmers in Kenya will now be able to access agronomic advice on weeds, diseases and pest control, following the launch of an application that links them to agricultural experts from Corteva Agriscience.
[Column] Efayomi Carr: Africa's youth hold the key to the expansion of agritech across the continent
While there are a wide range of agritech innovations that can propel African farmers to profitability, only 23 percent of youth engaged in agriculture are using any form of agricultural technology
[Kenya] NCPB partners with Safaricom’s integrated mobile platform DigiFarm to enable farmers access post-harvest services
The National Cereals and Produce Board (NCPB) has signed an MoU with Safaricom’s DigiFarm Kenya to facilitate small-scale farmers in Kenya access post-harvest management services through the digital platform.
Bank of Kigali (BK) Plc has re-launched its IKOFI digital product alongside a partnership with RWACOF with more than 86,000 farmers to raise their farming methods.
A new center has been launched to champion development of improved quality, high-yielding seeds for various crop varieties in Africa with the goal of boosting agricultural productivity.
The African Development Bank has approved a $137 million loan to support Botswana’s economic recovery from the Covid-19 pandemic.
ICRISAT, a CGIAR Research Center, is a non-profit, non-political public international research organization that conducts agricultural research for development in Asia and sub-Saharan Africa with a wide array of partners throughout the world.
The Food and Agriculture Organization of the United Nations (FAO), launched its Global Action on Green Development of Special Agricultural Products: One Country One Priority Product (OCOP).
The Tanzanian government has finalised plans to introduce cage fish farming in Kagera region in efforts to increase revenue from fisheries resources.
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes.
The Food and Agriculture Organization of the United Nations (FAO) developed the eLocust3m application to improve early warning through rapid detection, surveillance and monitoring of locust outbreaks.
António Loureiro, together with his wife, Isabel, started the restaurant A Cozinha in Portugal in 2016. Fiercely committed to sustainability and zero waste, A Cozinha was recognized in 2021 by the UN as one of the 50 Best Small Businesses in the world.
The World Bank approved $103.4 million for Ghana to reverse land degradation and strengthen integrated natural resource management in about 3 million hectares of degraded landscapes.
Sri Lankan entrepreneur, Mario De Alwis, is founder and Managing Director of North Lanka Family Foods, a subsidiary of Ma’s Kitchen, acknowledged by the United Nations in 2021 as one of the 50 Best Small Businesses in the world producing good food.
Massöva, fondée en 2018 par Marina Rakotondrasoa, est une entreprise agricole reconnue par les Nations Unies comme l'une des 50 meilleures petites entreprises au monde.
Underpinning the food we eat, is agriculture which accounts for at least 23% of sub-Saharan Africa’s GDP with about 40% of the workforce engaged in the sector.
Integrated Aerial Systems was founded in 2016 and has since built up a strong presence in the agriculture sector. Recognized in 2021 by the UN as one of the 50 Best Small Businesses in the world, IAS is one of only 3 licensed crop spraying operators in South Africa.
The Government of India has contributed almost USD one million to the United Nations World Food Programme (WFP) in Zimbabwe to help affected populations tackle climate shocks.
Ariestelo Asilo, together with co-founder Kath Manto, started Varacco in 2018. The company was in 2021 recognized by the United Nations as one of the 50 Best Small Businesses in the world providing good food for all.
UK aid from the UK government has enabled 2,000 young farmers in western Kenya to build sustainable livelihoods in the horticulture sector.
To support agriculture leaders deliver on policy priorities across the continent, this week CALA’s inaugural Advanced Leadership Programme: Collaborative Leadership for Africa’s Food Security and Sustainability kicked off.
Lifepack, co-founded by Claudia Barona, produces 100% biodegradable ecological products made from natural fibers and seeds. Lifepack was recognized by the United Nations as one of the 50 Best Small Businesses in the world in 2021.
Tanzanian farmers benefit from rapid agricultural mechanization with support from the African Development Fund
Farmers in Tanzania have benefited from rapid transformation with financial support from the African Development Fund to a national agricultural bank program.
Africa Business Communities speaks with Omar Coulibaly, Managing Director of InnoFaso, an agribusiness company based that was recently recognized by the UN as one of the 50 Best Small Businesses in the World in the Global Good Food for All competition.
In Uganda, the GIZ Employment and Skills for Development in Africa (E4D) program partnered with IITA-Uganda and Olam Food Ingredients (OFI) to improve the livelihoods of 5,000 coffee farmers in the Mount Elgon region of the country.
Augustine Sensie Bangura is the entrepreneur behind Sierra Agri Foods, an agricultural food processing business selected by the United Nations as one of the 50 Best Small Businesses in the world providing good food for their communitity.
FAO launches new online course to capacitate poultry farmer field school facilitators and master trainers in Zambia and Zimbabwe
The course will broaden their knowledge and skills in FFS facilitation in poultry production and health and in approaches to promote prudent antimicrobial use and raise awareness on antimicrobial resistance
Claire Sands Baker co-founded, and is currently the Director of the Toothpick Company, an enterprise working hard to combat the threat that parasitic plants present in Kenya's Agriculture.
Blayne Tesfaye is an Ethiopian-American entrepreneur committed to creating affordable, nutritious and natural snacks for the Ethiopian and African food community through her snack bars, made locally by Ethiopian women.
The challenges female smallholders face, from access to technology to informal participation in value chains, have been exacerbated by Covid, risking a widening of the gender gap.
Through Tingg, Cellulant’s digital payments platform, Ross Breeders has been able to reduce cash transaction volumes and offer their customers a seamless payment experience.
The programme, the Harmonized Fertilizer Regulatory Framework (HFRF) project, also seeks to enhance integration and improve access to regional fertilizer markets. This regional initiative is being implemented in the 16 SADC Member States.
eHakiki does this by using technology to reimagine agriculture in Tanzania. eHakiki is providing accessible, scalable solutions for smallholder farmers.
Proparco invests in ARAF to drive climate adaptation for smallholder farmers across Sub-Saharan Africa
Proparco, through FISEA+, the AFD Group fund advised by Proparco, signed a $5 million investment in Acumen Resilient Agriculture Fund (ARAF), to help smallholder farmers in East and West Africa adapt to climate change.
MVIWATA FM attracts smallholder farmers, youth and other marginalized groups, reaching approximately 250,000 people in the rural and urban areas of Tanzania.
The yet to be named joint ventures will focus on fish feed development in East Africa and complete animal feed development in Uganda. The entities will make significant investments in production capacity in both Kenya and Uganda to meet the anticipated future market demand.
Microsoft, through its 4Afrika initiative, has partnered with the IFC to make digital tools and training resources more accessible to small-scale farmers, and agriculture-linked small businesses, to support digital transformation in Africa's agribusiness sector.