The International Islamic Trade Finance Corporation (ITFC) will grant a $3 billion envelope to Egypt to enable it, among other things, to make its wheat purchases in a context of rising grain prices
L’industriel marocain spécialisé dans l’agroalimentaire, Oland Group, a inauguré quatre nouvelles lignes dédiées à la production de fromage fondu, dans le cadre d’une convention étatique pour la promotion du made in Morocco.
Depuis près de 15 ans, le secteur ivoirien de l’hévéa est sur une pente ascendante. Portée par le développement de l’industrie de la pneumatique, la production continue de croître.
Le Ministère de la Coopération internationale et de la Promotion du Partenariat Public-Privé du Congo organise un Forum dédié à renforcer les investissements étrangers dans le pays du 30 au 31 mai 2022 à Kintélé.
Wifack International Bank et Astree figurent dans le top 10 des plus fortes hausses de revenus en Tunisie
Wifack International Bank et l’assureur Astree figurent dans le top 10 des plus fortes hausses de revenus, tous secteurs d’activité confondus, à fin mars 2022. Sur les trois sous ensemble banque, assurance et services financiers, la meilleure progression de revenus est venue des assureurs.
With The Rockefeller Foundation's support, this information will make it easier for countries around the world to navigate the unprecedented challenges connected to the current global food crisis.
WPO, the Institute of Packaging Professionals Nigeria launched the first edition of ‘NaijaStar Awards for Packaging Excellence’ during the graduation ceremony of the one year Diploma in Packaging Technology course, in Lagos.
Deux projets routiers désenclavent d’importantes zones agricoles de la RDC, avec le soutien de l'AfDB
Au début des années 2010, Godelive Ngalula, commerçante à Kikwit, en République démocratique du Congo, mettait une semaine pour effectuer quelque 350 kilomètres en direction de Tshikapa, dans la province du Kasaï.
In the early 2010s, Godelive Ngalula, a trader from Kikwit, the main town of Kwilu Province in the Democratic Republic of Congo, spent a week to travel the 350 kilometres (km) to Tshikapa in Kasaï Province and 50,000 Congolese francs (about $24.5) on food.
The President of the Alliance for a Green Revolution in Africa, AGRA, Dr. Agnes Kalibata, has been selected as one of 16 eminent members of the Climate Overshoot Commission.
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.
Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced a R40 million ($2.5 million) investment in Nile, an agritech company that connects farmers to buyers of fresh produce.
L'aide apportée au Uhuru Growth Fund offre aux GP et aux entrepreneurs la possibilité d'accéder à des capitaux institutionnels, ainsi que de développer une empreinte mondiale et une connaissance approfondie de la région ouest-africaine.
The support to Uhuru Growth Fund includes opportunities for GPs and entrepreneurs to access institutional capital, as well as develop a global footprint and deep understanding of the west African region.
[Column] Nelson Maina: Why Kenyan government should reduce fertilizer prices to bolster food security
Kenya’s cost of living has hit unprecedented highs with prices of basic commodities being out of reach for many citizens.
The plan seeks to avert a looming food crisis in Africa caused by Russia’s war in Ukraine.
The head of the Food and Agriculture Organization of the United Nations (FAO) has called on G7 nations to help anticipate future food shortages, as the war in Ukraine squeezes supplies, pushes prices to record highs and threatens already vulnerable nations across Africa and Asia.
The merger would create an over $900 million annual revenue and highly profitable Nasdaq-listed Fintech and Agri-Fintech company serving the African and Asian markets.
Grâce au DRD, 516 milliards de FCFA ont été payés aux planteurs ivoiriens au titre de la campagne 2020-2021 pour une production de 2,225 millions de tonnes de cacao
Kenyan B2B E-Commerce startup Twiga Foods today launched a new subsidiary that is focused on modern and commercial farming.
The International Maize and Wheat Improvement Center (CIMMYT), a player in innovative partnerships, breeding and agronomic science for sustainable agri-food systems, will lead the project.
Le Mali redevient premier producteur de coton en Afrique avec un record de production de plus de 760 000 tonnes au titre de la campagne 2021-2022.
L’Egypte est prête à accompagner la Côte d’Ivoire dans sa volonté d’améliorer la performance de sa filière aquacole et renforcer l’offre en poissons sur le marché intérieur.
The Capital Markets Authority (CMA) has issued a license to the Embu Coffee Farmers Marketing Agency to operating as a coffee broker at the Nairobi Coffee Exchange.
L'initiative de 25 millions de dollars a été lancée pour la sécurité alimentaire en Afrique Centrale.
Le Rwanda, la République démocratique du Congo (RDC) et le Burundi devraient bénéficier d'une initiative régionale intitulée "Transformation des systèmes agroalimentaires en Afrique occidentale et centrale (TAFS-WCA)", qui vise à accroître la sécurité alimentaire et à lutter contre la crise climatique.
Rwanda, Democratic Republic of Congo (DRC), and Burundi are set to benefit from a regional initiative dubbed “Transforming Agri-Food Systems in West and Central Africa (TAFS-WCA)” which is aimed to increase food security and combat climate crisis.
The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio.
The OPEC Fund for International Development (the OPEC Fund) approved $100 million in new funding to support development operations in Burundi, Nicaragua and Ghana.
The U.S. International Development Finance Corporation (DFC) approved investments this quarter totaling more than $2.5 billion across nine projects that will advance development in Africa, Latin America, and emerging markets across the globe.
Brazilian investors have expressed interest in Mozambique’s agribusiness, given the agro-ecological potential and the promising opportunities that the country offers in this sector.
RMB and FNB have donated R3 million from the FirstRand SPIRE fund to assist FoodForward South Africa, FFSA, set up operations in the Mpumalanga province.
CDC Group, the UK’s impact investor and development finance institution (DFI), announced a commitment to invest over $1 billion again in African businesses in 2021.
The U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler announced a series of efforts to expand U.S. investment in Morocco.
The Nordic Development Fund (NDF) approved $8.8 million in grant funding to the African Water Facility (AWF) to bolster investments in COVID-19 recovery and preparation for investment of water supply.
This modern facility will utilise industry-leading equipment and focus specifically on recipe development and safety testing of seed applied solutions.
Hello Tractor, Heifer International unveil pay-as-you-go tractor financing for agripreneurs in Nigeria
These purchases could make tractors accessible to thousands of smallholder farmers via the increasingly popular Hello Tractor leasing platform.
Farmerline secures $6.4 million Pre-Series A investment & $6.5 million debt to help African farmers and agribusinesses make more.
En dix ans d’existence, l’entreprise technologique agricole Farmerline obtient sa première augmentation de capital significative, qui soutiendra ses opérations auprès des PME agricoles et agroalimentaires.
Mr, Joseph Opondo, the Director of Tangla Gardens, who has worked for close to 40 years in public service, got a light bulb moment following years of travel.
Severe drought conditions in Ethiopia, Kenya and Somalia could result in over 20 million people across the region needing emergency food assistance in 2022, which would be a 70% increase when compared to the severe drought in 2016 and 2017.
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
La filiale locale de la chaîne américaine de restauration rapide Kentucky Fried Chicken (KFC) a signé un accord de partenariat avec le groupe mexicain Bimbo, premier boulanger mondial.
Eight African countries, including Burkina Faso, Ghana and Nigeria, will benefit from a $11 million Food and Agricultural Policy Management and Analysis programme.
Anesu Mapisa and Emmanuel Marume, two university graduates from Zimbabwe, set up the company FarmBuzz to help farmers improve their yields using drones.
Anesu Mapisa et Emmanuel Marume, deux diplômés universitaires du Zimbabwe, ont créé l’entreprise FarmBuzz afin d’aider les agriculteurs à améliorer leurs rendements à l’aide de drones.
Finnfund et un investisseur d'impact, annonce un engagement de 10 millions de dollars de facilité de crédit à Valency International Trading SARL, une société du groupe Valency International.
Finnfund and an impact investor, announces a USD 10 million debt facility commitment to Valency International Trading SARL, a Valency International Group company.
A new joint investment between Norfund and Zebu Investment Partners aims to strengthen the food value chain in Mozambique, catalyzing the creation of more jobs and increasing food security in the country.
Le Directeur de la FAO ouvre la Conférence régionale pour l’Afrique à l’heure où la crise de la faim connaît une aggravation.
Egypt's Supply Ministry has confirmed that it is considering this month adding wheat from India to 16 other national import origins accepted by its state grains buyer.
AGRA signed a Memorandum of Understanding (MOU) with the United States Department of Agriculture (USDA) to enhance the agricultural transformation in Africa to create jobs, boost trade, strengthen resilience, and transform economies.
The Ghanaian Government has restricted the exportation of two commodities, soya bean, and maize from the country.
Case studies across Africa demonstrate the positive impact that access to even the most basic mobile technology can offer smallholder farmers.
The objectives of the agreement include promoting increased agricultural productivity in Kenya and DR Congo, encouraging joint investment ventures between respective private entrepreneurs as well as boosting mutually beneficial trade between the two countries.
Singapore's private sector will play a critical role in improving the livelihoods of thousands of smallholder farmers and lowering greenhouse gas (GHG) emissions in Nigeria, following the construction of a new warehouse and processing complex.
[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.
For too long, smallholders have been categorised as highly risk-adverse, which has prevented larger actors from investing and working with them.
The Alliance for a Green Revolution in Africa (AGRA) and COMESA will renew their commitment to enhance the production of food to ensure food security and regional food balance.
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.
L'Agence turque de coopération et de coordination (TİKA) a fourni à une coopérative opérant au Gabon du matériel agricole pour la culture du cacao et des bananes.
Turkish Cooperation and Coordination Agency (TİKA) provided a cooperative operating in Gabon with agricultural equipment for cocoa and banana cultivation.
Turkish Cooperation and Coordination Agency (TİKA) supported the production of 9 tonnes of rice on a land of 3 hectares owned by the Agricultural Research Center in Kindia, Guinea
The $5 million loan, which includes $2.5 million from IFC and $2.5 million from GAFSP, the Global Agriculture Food and Security Program, will enable Kings to complete construction of its factory in Freetown.
Le Cameroun pourrait voir sa production cacaoyère s’améliorer de 20% au cours de la campagne 2022-2023. Lors de la saison 2020-2021, cette production était de 292 471 tonnes grâce à des plants améliorés.
Yara Growth Ventures joins SoftBank Vision Fund 2 as an investor in leading African agri-marketplace
Apollo Agriculture a leading African agri-marketplace – announced a series B funding round of USD 30M led by SoftBank Vision Fund and Yara Growth Ventures.
$2.3 million in trade credit guarantees provided leverage of 11.2 times, enabling three suppliers to sell fertilizer worth $26.3 million to 570,000 farmers via hub agro-dealers and retail agro-dealers in Tanzania.
Plus d’un milliard de dollars seront mobilisés pour appuyer les secteurs de l’eau, de l’agriculture, de l’inclusion sociale, du développement humain et des infrastructures au Maroc
The new plant, which he commissioned in the presence of some 18 governors, ministers, captains of industries as well as prominent traditional rulers, is located at Ibeju Lekki, Lagos Free Trade Zone within the periphery of the Dangote refinery.
Le Conseil des administrateurs de la Banque Mondiale a approuvé un prêt IPF (Financement de Projets d'Investissement) de 180 millions de dollars US pour soutenir une agriculture résiliente et durable au Maroc.
The World Bank Board of Executive Directors approved a US$180 million IPF (Investment Project Financing) loan to support resilient and sustainable agriculture in Morocco.
SAP and Unilever have announced a pilot of the GreenToken by SAP solution to further increase traceability and transparency in Unilever’s global palm oil supply chain.
The partnership, started three years ago after a 28 million Euros finance agreement was signed by the Indian Ocean Commission (IOC), on behalf of COMESA, EAC, IGAD and SADC, with the European Union (EU).
The Speaker said he was taken aback by the huge nature of the investment, noting that it would not only open up opportunities in the state but in Africa as a whole.
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
University of Florida joins Microsoft and a growing team of international partners led by Flapmax that are helping strengthen the entrepreneurship ecosystem in Africa.
The Global Alliance for Livestock Veterinary Medicines (GALVmed) has partnered with Elanco Animal Health to launch a new initiative to manage ticks and tick-borne diseases in Africa.
AGRA has begun accepting applications for the 2022 Women Agripreneurs of the Year Awards (WAYA), which recognizes female entrepreneurs excelling in different segments of the agricultural value chain.
AGRA and AIM for Climate announced partnership to accelerate investments for climate-smart agriculture
The Alliance for a Green Revolution (AGRA) and Agriculture Innovation Mission for Climate (AIM for Climate) announced partnership to accelerate investments and support for climate-smart agriculture and food systems innovation.
ThriveAgric, a fast-growing technology-driven agricultural company, has raised $56.4M in debt funding from local commercial banks and institutional investors.
[Kenya] Agritech Apollo raises $40m in Softbank-led round, joined by Chan Zuckerberg Initiative, CDC
Kenya-based agritech Apollo Agriculture, ans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land.
[Niger] L'AfDB accorde un prêt de 127 millions de dollars pour désenclaver les zones agropastorales à l’est du pays
Le Groupe de la Banque africaine de développement a approuvé, un prêt de 127,8 millions de dollars américains en faveur du Niger.
The approved package comprises a loan of $71 million and a grant of $56.8 million.
This endowment has provided capital to agribusinesses that have directly created or sustained more than 15,000 jobs and to work with 750,000 smallholder farmers to help increase their income and improve their resilience to climate change.
[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.
Over 204,000 vulnerable people in drought-affected regions of Mali will benefit from a $7.1 million climate risk insurance pay-out by African Risk Capacity (ARC) through the United Nations World Food Programme (WFP).
Tanzania exported 5,362.9 tons of meat worth 22,442,111.96 U.S. dollars between July 2021 and January 2022, the Minister for Livestock and Fisheries, Mashimba Ndaki, said on Monday.
Agriculturists and entrepreneurs are working harder than ever to address food sufficiency, but energy rests firmly on the government’s shoulders.
Stephen Oehley is the CEO of Xtendevent, an infrastructure for organising trade shows, digital expositions and corporate events.
This landmark investment makes it a truly blended fund where public sector investments help attract commercial investors.
The Kenya Trade Network Agency (KenTrade) has announced plans to simplify trade procedures for Avocado and Fish in the current financial year 21/22 in a bid to lower administrative burden costs for traders.
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.
Corteva Agriscience has officially introduced PowerCore technology to South Africa’s maize farmers. The solution is a new high-performing, herbicide-resistant seed trait that effectively helps protect crops from damaging above-ground insects.
The Alliance for a Green Revolution in Africa (AGRA), John Deere Africa Middle East, and Mascor have launched a business plan writing competition for youth SME groups in Kenya for a chance to win a tractor.
Eni and the Ministry of Agriculture and Rural Development of the Republic of Mozambique (MADER) signed an agreement for the cooperation and development of agricultural projects in Mozambique, aimed at producing oil seeds and vegetable oils.
A research group at the University of Nigeria Nsukka (UNN), High Performance and Intelligence Computing (HiPIC) has secured a $110,000 grant for the development of smart agriculture in Nigeria.
The Milken Institute and the Motsepe Foundation has announced the 25 teams from across Africa receiving Finalist prizes for the Milken-Motsepe Prize in AgriTech.
La Banque africaine de développement (AfDB) et le Fonds international pour le développement agricole (FIDA) ont signé la lettre d’entente en vue du financement du Projet d’aménagement et de valorisation de la plaine de la Léraba (PAVAL) à l’ouest du Burkina Faso.
The so-called potato shortage that impacted KFC in Kenya last month reveals less about supply issues, and more about the longstanding forces that hold back the diversification and professionalisation of the country’s potato sector.
Increased investment in agribusiness, energy and housing could grow Uganda’s economy, IFC - World Bank report
A report published by the IFC and the World Bank found that Uganda could grow its economy, create jobs, and strengthen its trade position in East Africa by increasing private sector investment in its agribusiness, energy, and housing sectors.
EIB partners with First Capital Bank to transform access to finance for agricultural businesses in Malawi
The European Investment Bank (EIB) and the European Union (EU) confirmed a new cooperation with First Capital Bank to transform access to finance for agricultural businesses across Malawi.