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Mauritania rolls out the welcome mat to investors with new iGuide
Mauritania is serious about “rolling out the welcome mat” to foreign direct investment (FDI) following the launch of an online investment guide in the capital Nouakchott on 22 November.
USADF and Nigeria enters into $10m partnership to support local agribusiness
The President and CEO of USADF and the Governor of Kebbi State, Nigeria, have signed a MOU announcing their intention to develop and expand local agricultural enterprises in the northern Nigerian state.
African leaders urged to recommit to boosting continent’s agriculture sector
ECA’s African Trade Policy Centre Programme Management Officer has urged African leaders to honour their commitment to allocate 10% of their budgets to agriculture to improve continent's food security, reduce poverty and spur economic growth.
GreenTec Invests in Tanzanian organic honey producer Afrilife
GreenTec has announced its investment in Afrilife, a Tanzania-based producer of organic honey and bee products.
[Ghana] Esoko empowers farmers communication, bolstering markets
Esoko, a Ghanaian technology firm, is empowering farmers to get better prices for their products, one text message at a time.
AfDB approves $75 million to DAL Group to transform Sudan’s food and agriculture
The African Development Bank has approved its first private sector investment in Sudan in a multi-currency loan equivalent to $75 million to DAL Group.
Tunisia trains first set of drone pilots for agricultural productivity
Eight pilots have successfully passed their drone flight training in Tunisia.
[Kenya] Boreal Light launches unique Water Kiosk system in Miamba
Boreal Light GmbH has announced the launch of one of its most unique implementations of the Winture Planet Cube Water Desalination Systems in Miamba, Kenya.
IFAD invests $210 million to support 30,000 Ugandan households who rely on palm oil
Over 30,800 vulnerable rural households in Uganda will benefit from a $210.4 million project that aims to sustainably increase rural livelihoods by supporting an efficient oil palm industry.
[Angola] IFAD to invest $7.6 million in agriculture projects across eight municipalities
The International Fund for Agricultural Development (IFAD) will support the Angolan Government in the implementation of the ARP, with a $ 7.6 million financing.
Boehringer Ingelheim launches LastMile initiative targeting animal healthcare in Sub Saharan Africa
Boehringer Ingelheim has launched the ‘LastMile’ initiative, an integrated, solutions-driven programme that seeks to address crucial animal health challenges.
[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.
South Africa -Tunisia Business Council mooted to boost trade and investment
South Africa Deputy Minister for Trade and Industry has received the assurance of the Tunisian business people that they are keen and committed to the establishment of the joint South Africa-Tunisia Business Council.
[Kenya] Panalpina expands facilities at Jomo Kenyatta International Airport
Panalpina continues to expand and invest in Kenya, doubling its cold storage space at Nairobi’s Jomo Kenyatta International Airport.
Elanco Animal Health, Farm Radio International partner to support livestock farmers in Tanzania
Elanco Animal Health and Farm Radio International have partnered to produce a 13-week series of radio programs to educate small-scale livestock farmers in North Tanzania.
Norway commits $3million to market initiative for East Africa farmers
The Government of Norway has announced its contribution to the Farm to Market Alliance, a global private-sector led initiative with the aim to make markets work better for smallholder farmers.
[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.
AfDB partners with Entreprenarium to build capacity of 1,000 women entrepreneurs in Africa
The African Development Bank (AfDB), as part of its African Women's Access to Finance Initiative (AFAWA), is partnering with Entreprenarium to build the capacity of 1,000 women entrepreneurs on the continent.
Kenya Power posts KShs3.1 billion in annual gross profit
Kenya Power has announced a gross profit of KShs.3.1 billion for the year ended 30th June 2018. During the trading period, electricity sales increased by 2.3 % from 8,272 million units the previous year to 8,459 million units.
Mozambique making economic and social progress, AfDB report
According to the latest African Development Bank (AfDB) Country Result Brief, Mozambique has made significant strides despite an economic slump over the past two years.
Netherlands invests $9million to rehabilitate roads in South Sudan
The Kingdom of the Netherlands has invested $9 million to improve smallholder farmers’ access to markets by rehabilitating and maintaining roads in South Sudan.
[Kenya] ICIPE discovers cricket species to bolster food security
Researchers at the International Centre of Insect Physiology and Ecology (icipe) in Nairobi, Kenya, have discovered a new, previously undescribed edible cricket with great promise for mass production.
Japan supports WFP to scale up nutrition programme in Ghana
The United Nations WFP has received US$5m from the Government of Japan to enable scale-up a programme addressing undernutrition, micronutrient deficiencies and obesity in Ghana.
Sustained investment, exports to grow Uganda economy by over 6 per cent, World Bank
The Ugandan economy rebounded strongly to 6.1 per cent in the 2017-2018 financial year.
[Nigeria] Agritech startup Farmcrowdy celebrates its second anniversary of empowering with close to 8,000 farmers
Nigeria’s digital agriculture platform Farmcrowdy, recently celebrated its second year of empowering close to 8,000 farmers across 10 states in the country.
[Angola] Samap project to reach over 86,000 smallholder farmers
At least 86,000 and 460 peasant families in the province of Huíla will benefit in 2019 from the first phase of the implementation of the Family Agriculture Development Project.
ACP investment in Angola reaches $40 million in ten years
Angola Capital Partner (ACP), which manages the investment funds of Norway, has invested $40 million in Angola provinces over the last 10 years.
USADF partners with Nigeria to support local agribusiness
The President & CEO of USADF and the Governor of Kebbi State, Nigeria signed a MOU announcing their intention to develop and expand local agricultural enterprises in the northern Nigerian state.
[Ghana] Agric sector lending gets GHC400m boost
The Ghanaian Government has set aside GH¢400 million, with an additional funding of $14.0 million from the Africa Development Bank, towards the establishment of the Ghana Incentive Base Risk Sharing System for Agricultural Lending next year.
UNIDO invests in South Sudanese meat processors
The United Nations Industrial Development Organization is providing South Sudan meat processors with new skills and tools to help improve food security and the income of the rural population.
[Kenya] IFC and TLcom invest $10 million in Twiga Foods
IFC, a member of the World Bank Group, TLcom, and the Global Agriculture and Food Security Program (GAFSP) have announced a $10 million investment in Twiga Foods.
UN agencies, partners to firm-up common support programme for Central Africa
Representatives and experts of UN bodies, ECCAS General Secretariat and CEMAC Commission are set to meet in Gabon this month to re calibrate their efforts at delivering support for the sustainable development in Central Africa.
[Burkina Faso] Oikocredit invests € 2 million in Anatrans cashew processor
Burkinabe cashew processor Anatrans has welcomed social impact investor Oikocredit as a new shareholder, in a transaction that saw Dutch headquartered Oikocredit make a € 2 million investment in Anatrans.
[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.
Technology gives Kenyan farmers access to transparent marketplace
Twiga Foods, a Kenyan mobile phone platform that sells bananas and other produce from small-scale farmers to local vendors and markets is offering local farmers access to a transparent marketplace.
RENEW's Impact Angel Network closes eleventh investment in East Africa
RENEW and members of the Impact Angel Network (IAN) have closed an investment in ET Fresh, LLC.
AfDB and European Bank for Reconstruction and Development invest €150 million in Tunisia
The president of the AfDB and the president of the European Bank for Reconstruction and Development met during the Africa Investment Forum and discussed new avenues for cooperation between the two institutions.
There are business opportunities in China, South African companies
The South African companies that were exhibiting at the 1st China International Import Expo (CIIE) in Shanghai China last week said that there are business opportunities for South African companies in China.
Africa agribusiness, a $1tr business by 2030
With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by 2030. Agribusiness will become the ‘new oil” on the continent.
AfDB, FinDev Canada prioritize climate, agribusiness and gender in a new agreement
The African Development Bank (AfDB) and FinDev Canada – the Canadian government’s development finance institution have agreed to collaborate in joint transaction opportunities, external partnerships and best practice to achieve the Sustainable Development Goals in Africa.
Israel invests $300 million in Angola’s agriculture
Israel has committed $300 million to finance agricultural projects in Angola, its ambassador Oren Rozenblat announced in the municipality of Tomboco, Zaire province.
[Cameroon] Transformation will come via rigorous development planning, study
A senior official of the UN Economic Commission (ECA), has told Cameroon’s development planning and statistics authorities that the law of the market, called ‘the invisible hand’ in economics, cannot by itself promote diversification, industrialization and the structural transformation of the economies.
World’s largest silk producer to set up base in Kenya
The world’s largest producer of silk, Guangdong Silk-Tex Group, has announced its plans to set up shop in Kenya.
Angola bets on artisanal fishing to grow economy
Angola’s artisanal fishing sub sector continues to be the driving force behind the economic and social progress of communities, contributing to food and nutritional security, creating more jobs and raising household incomes
COMESA Fruit Fly Surveillance Project boosts Zimbabwe horticultural exports
Export of horticultural products in Zimbabwe has gone up from $23,333 in 2016 to $87 996 in 2018 to international Markets but mostly European Union.
IMF completes program review mission to Benin
A staff team from the International Monetary Fund (IMF) has completed its October visit in Cotonou, Benin. The visit was to hold discussions on the third review of the three-year economic and financial program supported by the IMF under the Extended Credit Facility (ECF) arrangement with the Republic of Benin.
Greenpeace calls on Senegal government to improve safety for artisanal fishermen
Greenpeace Africa has released a new documentary on the numerous cases of small-scale fishermen who have lost their lives in Senegalese waters. Over the past 2 years, at least 226 fishermen have lost their lives at sea or have been declared missing.
Tunisia's Economic Outlook in 4 Charts, study
Due to an exceptional harvest and tourist arrivals that reached levels last seen in 2010, GDP growth in Tunisia have accelerated in the second quarter of 2018 to 2.8 percent, up from 2.5 percent in the first quarter.
IFAD projects reach 50,000 rural Tunisian households
Development projects financed by the International Fund for Agricultural Development (IFAD) have contributed to better living conditions and less poverty in rural areas of Tunisia.
[Zimbabwe] Agric Trust disburses $87m to farmers, agribusinesses
The Zimbabwe Agricultural Development Trust has disbursed $87,5 million to almost 530,000 small-holder farmers and agribusinesses, as it seeks to boost their operations.
FairTrade, UNCTAD partner to promote African workers
The Brussels-based Fair Trade Advocacy Office and UNCTAD are joining forces to improve the living and working conditions of artisans, workers and smallholder farmers and producers in Africa, Asia and Latin America.
[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.
[Uganda] KCCA, WFP partner to tackle food insecurity
Kampala Capital City Authority, KCCA, and the United Nations World Food Programme (WFP) have entered a partnership to tackle food insecurity and rising levels of malnutrition in Kampala district.
Elanco Animal Health rolls out $3.1 million project in East Africa
Elanco Animal Health Incorporated is progressing a groundbreaking project to provide sustainable development solutions to address food insecurity in East African countries – Tanzania, Kenya and Uganda.
Ethiopia, Burundi can do more to capitalize on growing coffee markets
Coffee producers in Ethiopia and Burundi should capitalize on growing interest in premium markets and environmental sustainability among the 500 million people globally who drink coffee every day to make the most of their inimitable beans.
CBA hosts its third economic forum to discuss food security
Commercial Bank of Africa (CBA) yesterday hosted its third Economic Forum at Serena Hotel in Nairobi. The third Economic Forum focused on Food Security and Government policies geared towards Food Security, Trade and Employment.
AfDB leads pan-African campaign against Fall Army Worm
The African Development Bank recently convened a meeting of experts in the agricultural sector to design integrated pest and disease management mechanisms for controlling the spread of the Fall Army Worm in East Africa.
[Senegal] UNIDO to establish agro industrial hub in rural centers
The Government of Senegal and the United Nations Industrial Development Organization (UNIDO) completed a sensitization mission towards the development of an integrated agropole in the country’s rural centre.
Google announces Sh100m grant for Kenyan farmers
Google has announced a Sh100 million grant to train more than 100,000 Kenyan smallholder farmers in digital skills.
[Nigeria] Leventis offers free agriculture education
Leventis Foundation Nigeria has marked 30 years of its Agric Training School with the provision of free agricultural education to Nigerians.
[Kenya Business Week] The economic cost of trade misinvoicing
Even as Kenya continues to seal loopholes of money laundering and illicit flows, details are emerging that the country is experiencing sophisticated forms of tax evasion.
Great expectations from Ethiopia’s Wheat Initiative
Ethiopia's wheat production has consistently lagged other African nations. The Wheat Initiative raises hopes, but what happens when results don't meet expectations?
Kenya’s economy poised to rebound in 2018, World Bank
Kenya’s real gross domestic product (GDP) growth is projected to rise to 5.7% in 2018—up from 4.9% in 2017—and continue to increase steadily to 5.8% in 2019, and 6.0% in 2020, according to the World Bank’s 18th Kenya Economic Update (KEU).
Wefarm reaches more than one million users in Kenya and Uganda
Wefarm, the world’s largest farmer-to-farmer digital network has reached over 1.1 million users across Kenya and Uganda.
[Botswana] Nhabe livestock to find a market
Ngamiland community has been urged to support Nhabe Agricultural Management Association (NAMA) towards the construction of a multi-species community abattoir in Sehithwa.
[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.
FAO, AU launch agriculture mechanization drive in Africa
FAO and the African Union have launched a new framework document that aims to increase agricultural efficiency and reduce drudgery by helping countries in Africa to develop strategies for sustainable farm mechanization.
Madagascar rice regions triple yields with support from AfDB
Madagascar’s three key rice farming regions have witnessed an unprecedented transformation, with yields per hectare virtually tripling over the past five years.
[Kenya Business Week] Renewed onslaught on fake news
With Kenya having experienced proliferation of online news channels occasioned by an impressive penetration of the internet and a critical mass of consumers with an insatiable appetite for breaking news, truth and fact have been the latest casualties.
Handbook promotes access to finance in rural Africa
IFC, a member of the World Bank Group, together with the Mastercard Foundation, have launched the Digital Financial Services for Agriculture Handbook to support the expansion of financial inclusion to smallholder farmers.
[Column] Bob Koigi: Safeguarding gains of Kenya’s flower sector
The announcement by Kenya’s national carrier, Kenya Airways, that it would start direct cargo flights to USA in December this year remains one of the most iconic developments for the Kenyan flower industry.
Agritech startup Bandim Online wins Seedstars World Guinea Bissau
The web and USSD agritech startup will now represent the country the country at the Seedstars Summit in Switzerland to compete for up to $1 million in equity investment and other prizes.
Diversified exports, agriculture boost Rwanda’s economy, IMF
An International Monetary Fund (IMF) staff team has completed the review of the 10th Rwanda Policy Support Instrument (PSI) supported program.
Farafena’s entry into Canada a boost for African women farmers
Farafena, a company offering nutrient-dense, African-grown and sustainable products, has expanded across Canada with its products now accessible across Canada, including 500 Loblaw stores.
Nestlé renews commitment to Kenyan coffee farmers through training
Food and beverage company Nestlé has renewed its commitment to restore Kenyan coffee glory through continued technical support and training for existing and potential farmers.
IFAD, The lab to finance African farmers tackling climate change
The Global Innovation Lab for Climate Finance (the Lab) and the International Fund for Agriculture Development (IFAD) have announced a new partnership that will help build climate resilience for smallholder farmers in Central and West Africa.
[Kenya] Oserian Flowers feted for innovation, inclusivity in workplace
Kenya’s largest grower and exporter of rose flowers, Oserian Development Company, has been awarded in three categories of the 2018 Federation of Kenya Employers awards, emerging as the only winner in the horticulture industry.
AfDB approves $50m facility to support Nigeria’s rural population
The African Development Bank has approved a $50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium sized enterprises (MSMEs) in strategic sectors.
Gender gaps in African agriculture hold back progress, FAO
Gender gaps in agriculture in Africa are holding back progress towards ending hunger and must be urgently addressed.
Rwanda, World Bank sign $26 million agreement to boost agriculture
The Government of Rwanda and the World Bank Group have signed $26.3 million grant agreement to increase agricultural productivity, market access, and food security of the targeted beneficiaries in the project areas.
[Sierra Leone] Government picks Agrotop for $60m chicken project
The government of Sierra Leone has chosen Agrotop, a global player in livestock turnkey projects to construct a large-scale layer and pullets farm at an investment of $60 million.
[Kenya Business Week] Fertilizer shortage and the ripple effects
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
S&W Seed, AGT Foods enter South African market with eye on sorghum
S&W Seed Company has created a joint venture with Canadian-based AGT Food and Ingredients subsidiary, AGT Foods Africa Ltd, to form a new company registered in South Africa.
[South Africa] Wala wins Zambezi Prize for micropayments platform
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
[Uganda] Block Commodities, Pure Grow launch food pilot project
Block Commodities Limited, the innovative commodity trader operating in Africa has entered into a strategic partnership with Pure Grow Africa Limited supplier of high-quality agricultural produce based in Uganda.
[Kenya] Oserian Flowers raises alarm over biting fertilizer shortage
One of Kenya’s leading flower grower and exporter Oserian Development Company has sounded the alarm over massive fertilizer shortage in the country.
[Column] Five roots to Central Africa’s industrialization
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
South Africa companies in Russia to seek export opportunities
The South African business delegation that will take part in the World Food Moscow is in Russia to seek export opportunities in the local agro-processing market.
AfDB invests €84 million in Cameroon livestock and fish farming
The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes.
[Column] Ousmane Badiane: Trade is essential for Africa’s prosperity
As African economies continues to develop, trade plays a vital role in raising living standards and improving the lives of their citizens.
Mutale Chilangwa the new Counterpart International Africa Director
Counterpart International is pleased to announce the appointment of Mutale Chilangwa as Regional Director of the Africa portfolio. Mutale brings to Counterpart more than 23 years of international development experience in economic, trade, food security, and governance issues facing both the private and public sectors.
AGRA signs deal with Israeli conglomerate to support African farmers
The Alliance for a Green Revolution in Africa (AGRA) has signed a memorandum of understanding with Tel Aviv-based NGO, Start-Up Nation Central (SNC), which will see farmers get extensive material and technical support.
Efficient packaging systems reduce food losses in Africa, FAO
Food losses and waste are an enormous drain on natural resources. Roughly one-third of the annual food produced globally for human consumption — approximately 1.3 billion tonnes — is lost or wasted.
[Angola] Biocom has produced half of the sugar consumed in 2018, data
Fifty-one thousand, 785 tons of sugar were produced by the Bioenergy company (Biocom) in the 2018 harvest according to data released at the 34th Meeting of Working Group.
AfDB commits to support Equatorial Guinea’s agro industry plan
The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies.
Political will in Ethiopia, Rwanda transforms agriculture, AGRA report
Majority of African countries are struggling to follow the lead of Asian countries in using agriculture to spark widespread economic growth because they have yet to marshal strong political support for agriculture.
MIGA seeks to grow investments and partnerships in Kenya and Rwanda
S.Vijay Iyer, Vice President and Chief Operating Officer of the Multilateral Investment Guarantee Agency, MIGA, the political risk insurance arm of the World Bank Group – is set to visit Kenya and Rwanda.
Cargill doubles purchase of cocoa from Ghana, reaching 13,000 farmers
The amount of sustainable cocoa sourced by Cargill in Ghana has doubled since the establishment of its own licensed buying company model, and over 13,000 cocoa farmers are now benefiting from the initiative.
OFID funding supports development in three African countries
OFID, the OPEC Fund for International Development has signed public sector loan agreements totaling to US$37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
EAC and FAO scale up support for youth in agribusiness
The East African Community (EAC) and the Food and Agriculture Organization of the United Nations (FAO) have reaffirmed their commitment in creating more job opportunities for East African youth in the agriculture sector.
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Making money with cryptocurrencies - here's how, financial expert
Cryptocurrency has become especially popular over the last few years, as this is one of the ways of additional, and for some people an even primary source of income. Everything is straightforward: buy cheaper, sell more expensive. As well as an investment in the common currency... read more