The Africa Fertilizer Financing Mechanism will provide a $2 million partial trade credit guarantee and a $219,000 grant funding to Nairobi-based Apollo Agriculture Limited to support the distribution of over 7,000 tonnes of fertilizers to some 100,000 smallholder farmers in Kenya.
The Burundi Better Coffee Initiative, "Ikawa Nziza mu Burundi”, will benefit over 50,000 coffee farmers in Burundi over the next five years by focusing on improving quality and climate resilience.
This is among the side events from the Africa Climate Summit in Nairobi organized by the International Livestock Research Institute to facilitate sustainable livestock solution pipeline development and relationship building with sustainable livestock investors.
[Column] Jennifer Baarn: Collaboration in investment and innovation is key to accelerating climate action in Africa
For Africa, the narrative on climate action has mainly focused on the harsh effects of climate change on farming communities and economies.
By empowering Africa’s youth and creating an enabling environment, we can transform the continent’s food systems and unlock its economic potential.
Kenya’s economy grew faster than anticipated in the first quarter after the agriculture sector snapped four consecutive quarters of contraction.
African Development Bank Group Board okays funds to support women and youth in agribusiness in Kenya
The Board of Directors of the African Development Bank Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya.
Bank of Kigali has joined IFC's Global Trade Finance Program (GTFP) and become one of 240+ issuing bank partners of IFC under this Global Trade Finance Program.
Five Eastern and Southern African countries under negotiation to sign Economic Partnership Agreement (EPA)
Commission reports on eleventh negotiation round with five Eastern and Southern African countries to deepen existing Economic Partnership Agreement
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.
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.
[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.
97% of Kenyan respondents say climate change is already affecting their everyday life.
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.
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
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.
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.
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.
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.
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.
[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.
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
In less than a decade, Africa ICT sector has experienced an unprecedented boom that has caught the world’s attention.
Despite more than 80 per cent of the beef consumed in Kenya being produced by pastoralists according to a 2011 study, they still struggle with poor market prices and scarcity of fodder.
At a time when smallholder farmers across Africa, who form the bulk of the food producers, are struggling with access to key agricultural inputs including fertilizer and seeds, Farmers Pride, based in Kenya has rolled out an elaborate plan to address these biting challenges.
Under the USAID funded Feed the Future Programme that is being implemented in Kenya through the Kenya Agricultural Value Chains Enterprises, we ventured into potato to increase productivity .
Kenya's horticulture industry which has emerged as one of the key foreign exchange earners for the country, and second to tea, has in the recent past been under threat due to incessant stalled export agreement with the European Union.
In one of the most historic payouts in the history of Kenyan agriculture, tea farmers last year received Sh61.99 billion, about $597 million, in what was attributed to a favourable demand for the leaf at the international markets and good climate.
The Kenya horticulture sector is set to undergo major changes as the country fights to consolidate its international markets.
On average Kenya imported around 500,000 metric tons of fertilizer each year to sate growing demand by farmers both large and small scale, emerging as the second largest fertilizer market in Africa after South Africa in overall tonnage.
East Africa's economy has continued to grow despite the adverse effects of drought being felt across the region according to ICAEW's (the Institute of Chartered Accountants in England and Wales) latest report.
[Column] Bob Koigi: Why Africa should pay more attention to recommendations of just concluded Post harvest conference
Kenya recently hosted the continent to a first of its kind meet, to deliberate the biting concern of food lost after harvest, a gathering that came with life changing recommendations capable of taming a situation blamed for over 40 per cent of all food lost in Africa.
Farmers in Africa can create a trillion-dollar food market by 2030 if they expanded their access to more capital, better technology, irrigated land and grow high-value nutritious foods according to a very insightful World Bank report dubbed Growing Africa: Unlocking the Potential of Agribusiness report in Africa.
An array of population explosion, demand for food, and changes in weather are conspiring to defeat the food security resolve in the country.
The recent upgrading of Jomo Kenyatta International Airport to Category A status which now approved non- stop flights between Kenya and United States is one of Kenya’s greatest landmarks.
Suminter raised 53 million USD funds from Morgan Stanley India Infrastructure and IFU for organic agriculture
Suminter, an Indian B2B supply chain management company for organic agricultural products, has raised 53 million. USD in funding from Morgan Stanley India Infrastructure and IFU.
Co-founded by partners, AATI builds on McKinsey’s impact on agriculture and food systems across Africa, including work to increase food production that resulted in 11 million fewer undernourished people, 150,000 fewer deaths from hunger, and one hundred thousand new jobs.
For companies like Rogers, which are listed on the Official Market of the Stock Exchange of Mauritius (SEM), the pursuit of international growth opportunities is a key lever for increasing their presence in markets with high potential.
Investment by business across Africa most impacted by trade and supply chain challenges will be supported by a new targeted financing initiative backed by the European Investment Bank (EIB) and the Eastern and Southern African Trade and Development Bank (TDB).
On January 20th, the County of Vihiga in Western Kenya signed a Memorandum of Understanding with The Water Project, a U.S.-based NGO building sustainable water projects to bring clean, safe, and reliable water to the communities of Vihiga County.
Dr. Mathuki said that the bioeconomy strategy – the first of its kind in Africa and the second in the world after that of the European Union – will increase opportunities for the EAC Partner States to deepen their cooperation in developing a sustainable and resilient bioeconomy.
Afreximbank co-hosts Webinar on Intra-African Trade and Investment with the East African Business Council
The conversation addressed key challenges confronting African businesses when approaching intra-African trade, recognizing that 80% of Africa’s small businesses have no access to trade finance and over US$5 billion is lost due to currency conversion during transactions.
[chronique] Marlene Mutimawase: Hausse des prix des produits alimentaires, une grande pression pour les PMEs
La hausse des prix des denrées alimentaires et des intrants, ainsi que les défis contextuels actuels, mettent les PME du secteur alimentaire sous pression en Afrique.
African e-commerce startup Wasoko partners with the government of Zanzibar to establish an innovation hub that will focus on building world-class tech solutions.
IFC's $35 million financing package will help Jubaili expand its production capacity in Nigeria, Ghana, Tanzania and Uganda, helping to offset Africa's reliance on agrochemical imports.
EAC launched the Arusha Bypass Road, during the EAC Heads of State summit, the 42.4 km bypass seeks to decongest traffic in the towns of Arusha and Moshi and to promote intra-regional trade.
Ministers of Agriculture, heads of international organizations and private sector representatives will meet this month during the first Summit of Africa and the Americas, to enhance cooperation on Agrifood Systems amid global threats to food security.
The recent decision by the International Fund for Agricultural Development (IFAD) to open an office serving the East and Southern African regions is a pointer to the crucial role farmers play in the region play in the East African, continental and global food systems.
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.
[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.
Kikombo Avocado Farm is a Tanzania-based company that deals with farming and selling of avocado and seedlings targeting both local and export markets, research and farmer trainings, consultation and management of avocado farming project.
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.
L’ Agence Française de Développement (AFD) et sa filiale Proparco ont signé deux projets en partenariat avec l'Organisation internationale du travail (OIT), reconnue pour son expertise en matière d'assurance inclusive.
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.
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.
The USD100,00 global competition, held in conjunction with the UN Food Systems Summit, showcases innovative solutions in improving access to healthy, sustainable food.
FAO and the African Union Commission launch a guide to help countries enter Africa's new single market
The Food and Agriculture Organization of the United Nations (FAO) and the African Union Commission's Department of Agriculture, Rural Development, Blue Economy and Sustainable Development (AUC-DARBE) have launched a guide to boosting intra-African agricultural trade under the new African Continental Free Trade Area (AfCFTA) agreement.
Through an initiative dubbed ‘Pay for Results’, the bank targets to provide financing across dairy, horticulture, livestock and energy for agriculture value chains.
AgDevCo has announced a $3.0 million follow-on mezzanine debt investment into Uzima Chicken Limited, a poultry company operating in Rwanda and Uganda.
Kenya Ministry of Agriculture, Livestock, Fisheries and Cooperatives, has launched a system that automates issuance of import and export services provided by the Agriculture and Food Authority of Kenya (AFA), the government regulatory agency.
Bayer donates Decis ULV insecticide to support Kenya, Uganda fight against desert locust devastation
Farmers in Kenya and Uganda currently fighting a devastating locust invasion and looming food security crisis are receiving a donation of 170,000 liters of Decis ULV insecticide from Bayer.
A new African Centre of Excellence for sustainable cooling and cold chain based in Rwanda will help get farmers’ produce to market quickly and efficiently, reducing food waste, boosting profits and creating jobs.
The Food and Agriculture Organization (FAO) welcomed a €15 million contribution from the European Union to fight the Desert Locust upsurge in East Africa as a new wave of locusts is emerging in the region.
An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results, according to a report released by the project team.
Almost five million people at risk of hunger, famine as Desert Locusts destroy crops across East Africa, report
Almost five million people could be plunged into hunger and famine as a fourth round of desert locusts hatch and ravage crops across the Horn and East Africa, compounding an already dire food situation worsened by the COVID-19 pandemic.
New swarms of locusts threaten to increase hunger in East Africa reeling from floods and coronavirus
Oxfam warns that millions of people in East and Central Africa, already suffering due to flooding and the impact of coronavirus, are at risk of increased hunger and poverty as the region braces for the latest generation of locusts.
According to the Greater Horn of Africa Climate Outlook Forum Statement, parts of South Sudan, Western Kenya, Uganda, Northern Tanzania and Rwanda are expected to receive above normal rainfall between June and September 2020.
InspiraFarms, an on- and off-grid cold storage solutions provider in East and Southern Africa, has closed a Series B to further expand its operations in the region.
The Director-General of FAO QU, has warned that efforts to control Desert Locusts will take time, noting increased concern for the Sahel and Southwest Asia is adding to the burden of efforts ongoing in the Horn of Africa and Yemen.
The World Bank approved a financing of $63 million ($31.5 million grant and $31.5 million credit) from the International Development Association to help Ethiopia prevent and respond to the threat to livelihoods posed by the desert locust outbreak.
The World Bank approved a financing of $48 million from the International Development Association (IDA) to help Uganda prevent and respond to the threat to livelihoods posed by the Desert Locust outbreak.
Team Europe - the EU, Germany, the Netherlands, Belgium, France, Sweden and Denmark are bolstering food security in Kenya and the region with over Ksh 16 billion (EUR 140 million) at a time of crisis due to COVID-19.
The dire socio-economic consequences of the COVID-19 pandemic may more than double the number of hungry people in East Africa and the Horn over the next three months, a report from the United Nations World Food Programme (WFP) has found.
The Japanese government has contributed $1.5 million to the United Nations World Food Programme (WFP) to support the implementation of the four-year Boresha Lishe nutrition project in rural areas of central Tanzania.
FAO makes gains in the fight against Desert Locusts in East Africa and Yemen, threat for food security crisis remains
The Director-General of the Food and Agriculture Organization of the United Nations said that significant gains had been made in the fight against the desert locust upsurge in East Africa and Yemen.
DEG is providing a loan from the AfricaConnect programme funded by the Federal Ministry for Economic Cooperation and Development (BMZ) to finance the production of organic macadamia nuts from German-Kenyan company, Limbua.
Linking agriculture, rural electrification in Ethiopia could unlock $4 billion for national economy, RMI
Rocky Mountain Institute (RMI) launched a new report that shows how electricity can unlock billions of dollars in new value across six agricultural processing or small business opportunities in some of Ethiopia’s most important crops.
The Food and Agriculture Organization (FAO) received a donation of $10 million from the Russian Federation to support its operations in fighting against the Desert Locust outbreak in East Africa.
The World Food Programme (WFP) welcomed a contribution of US$7.5 million from the Government of Japan to help support vulnerable people in three East African countries hit by locust swarms feeding off crops.
The African Development Bank (AfDB) approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts.
Food consumption in the African continent has been on a steady rise since 2016, according to a report from DownToEarth.
FAO is further scaling up its activities to fight the Desert Locust upsurge in East Africa from a $10 million loan approved by the United Nations’ Central Emergency Response Fund (CERF).
The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country.
Climate experts in East Africa are using a UK-funded supercomputer to combat the continent’s worst locust outbreak in 70 years, which is robbing people on the brink of starvation of much-needed food.
The European Commission has announced €10 million more to respond to one of the worst Desert Locust outbreak in decades in East Africa.
Bill & Melinda Gates Foundation commits $10 million to support global response on East Africa Locust invasion
The Bill & Melinda Gates Foundation announced that it is contributing $10 million to the United Nations FAO to support its work with governments in Ethiopia, Kenya, and Somalia, to combat a locust infestation in East Africa.
As a part of implementation and coordination of ARIS II for the sustainable development of animal resources, African Union Inter-African Bureau for Animal Resources will be transforming priority regional livestock value chains.
The Africa Solidarity Trust Fund (ASTF) has donated $1 million to the Food and Agriculture Organization (FAO) of the United Nations to combat the worsening Desert Locust upsurge in the Horn of Africa.
On Dec. 30 last year following three consecutive years of drought in Zimbabwe, the World Food Programme issued a plea for the international community to support the country.
LVFO implements E€OFISH programme for sustainable blue economy in East African-South African-Indian Ocean region
The Lake Victoria Fisheries Organization (LVFO) is implementing the E€OFISH programme in the EAC region in Lake Victoria, whose overall objective is to enhance equitable economic growth by promoting sustainable fisheries.
Desert Locust swarms in Ethiopia, Kenya and Somalia, already unprecedented in their size and destructive potential, could swell exponentially and spill over into more countries in East Africa.
[Column] Daniella Munene: Introduction of Kenya Food and Drugs Authority Bill shows why we need impact assessments for all legislation
Our parliamentarians are sometimes required to rule on some challenging proposals, with the private members’ Kenya Food and Drug Authority (KFDA) Bill a prime example from 2019.
IFC and GAFSP announced a $11 million loan to Ugandan agribusiness company Grainpulse to support its expansion and strengthen its farmer supply chain, increasing food production and economic growth in the country.
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.
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.
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.
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.
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.
SunCulture, a Kenyan-based technology company and a provider of solar water pumps and irrigation solutions for small holder farmers, has closed an investment round with the EDF Group.