GCR Ratings (GCR) has upgraded the national scale long term and short term Issuer ratings of Nigerian Breweries (NB), to AA+(NG) and A1+(NG), respectively, from AA(NG) and A1+(NG), with the Outlook accorded as Stable.
Good times are ahead for farmers in the South-East geopolitical zone as Dangote Fertilizer has promised to train them on better ways of farming to obtain bumper yields…
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.
FMC Corporation (FMC), the global agricultural sciences company, announced Marc Hullebroeck, FMC vice president and president of the Europe, Middle East and Africa (EMEA) region, will retire from the company at the end of June 2021.
Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise.
The African fisheries sector could benefit substantially from proper infrastructure and support services, which are generally lacking. The sector currently grapples with fragile value chains and marketing.
Cordaid Investment Management (CIM) and Triodos-Hivos Fund, two Netherlands-based impact investment funds, have co-financed Capitol Foods’ expansion of its local fruit processing capacity to meet the growing demand for its Sierra Juice beverage products.
[Column] Quinton Swart: Why boxed water is better? Thinking inside of the box when it comes to packaging water
Packaged water in South Africa is a growing market, commonly bottled in polyethylene terephthalate (PET) plastic. While this material is recyclable, more than half of plastic waste is not recovered, most of it ending up in landfill or in waterways.
Upfield has also registered as a GSA sustainability partner, committing to promoting the sustainable development of the shea sector. Joining the Global Shea Alliance is an important component of Upfield’s sustainability strategy.
Newly launched "click and collect" service reinvents shopping experiences in Egypt to offer customers more convenience and choice.
Moroccan exports of fruit and vegetables to the United Kingdom have grown exponentially, following the Union’s withdrawal from the EU.
The Industrial Development Corporation (IDC), in partnership with the Department of Agriculture, Land Reform and Rural Development (DALRRD) launched a joint Agri-Industrial Fund to support black farmers in South Africa.
Mastercard Foundation, partners join forces to train young agripreneurs, provide grants to Nigerian MSMEs
The Mastercard Foundation has partnered with Nourishing Africa and U.S. African Development Foundation (USADF) to train 2,0000 young agripreneurs and provide small grants to 125 MSMEs in Nigeria.
FMO, FinDev Canada and OeEB support critical food supply in Africa through working capital loan to ETG
FMO, FinDev Canada, and OeEB announced a $115 million syndicated loan facility that will allow ACF (Agri Commodities and Finance), improve and expand its operations in Africa, with FMO acting as lead arranger.
Kwik Delivery announces today that it officially made available its breakthrough, just-in time delivery service to businesses, government agencies and merchants in Abuja.
Kerry, the world’s leading taste and nutrition company, has announced details of a new project with the United Nations World Food Programme (WFP), which aims to enhance the production and availability of safe, sustainable milk for children and communities in the Gitega province of Burundi.
Bboxx is announcing a new partnership with the United Nations Capital Development Fund (UNCDF), to scale access to LPG clean cooking services in the Democratic Republic of Congo (DRC).
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million public sector loan agreement with Burundi to co-finance a project that will improve food security, expand access to marketplaces and social services.
Women are the backbone of African agriculture and have been unequally affected by the impacts of the COVID pandemic.
As COVID-19 pandemic continues, existing inequalities have been further fanned, with already vulnerable and marginalized groups faced with additional challenges and even further reductions in their access to services and opportunities.
Kenya Breweries Limited (KBL) has launched a new gin in the Kenyan market, Tanqueray Flor de Sevilla. The introduction of Tanqueray Flor de Sevilla follows a successful revamp of the gin category by KBL.
The OPEC Fund for International Development (OFID) has signed a US$20 million public sector loan agreement with Burundi to co-finance a project that will improve food security and strengthen the resilience of agricultural production systems.
A group of farmers in Kenya are earning income and reversing malnutrition trends in their area by embracing the cultivation, preservation and sale of indigenous vegetable seeds thanks to a new community seed bank concept.
The Alliance for a Green Revolution in Africa (AGRA) working with COMESA’s specialised Seed Agency ACTESA, have developed Regional Seed Standard Operating Procedures (SOPs) to improve regional seed trade in staple food crops.
In collaboration with the European Union, COMESA is supporting the development of an efficient national Sanitary and Phytosanitary System (SPS) in Comoros.
Women farmers in Tanzania have harnessed solar technology to reduce post-harvest losses, enhancing food security.
Bioline Agrosciences announced the acquisition of the Kenyan Biocontrol Company Dudutech from the British Company Flamingo Group International.
Ghana and Côte d’Ivoire have agreed to form a joint committee to find a lasting solution to security challenges faced by cocoa farmers along the southern parts of the shared border of the two countries.
In another step towards creating a "digital FAO", the Food and Agriculture Organization of the United Nations is committing to increasing by 50 percent its delivery of digital financial transfers and vouchers to beneficiaries.
The United Nations World Food Programme (WFP) welcomed an additional $7 million in new funding from Switzerland, through the Swiss Agency for Development and Cooperation (SDC).
Dickson Osogo a farmer in Kenya’s Siaya County is among more than 1,000 dairy farmers in Western Kenya who have insulated themselves from high commercial feed prices and poor quality nappier grass and in the process increased milk yields and income.
IFC announced a disbursement of a loan to support expansion at Mali's leading mango processor, Centre d'Étude et de Développement Industriel et Agricole du Mali (CEDIAM).
Chr. Hansen Natural Colors, the global company dealing in colors from natural sources, has appointed Barentz as its strategic partner for the distribution of their natural color portfolio in South Africa and Zimbabwe.
The 8,700 square-metre hypermarket is the third LuLu in Egypt, which is planning to expand further in the biggest market in the MENA region.
It has been two years since Gozem started operations in Lomé. Recently, the uber-like company expanded its offer to Tsévié, a city located 35 km north of Lomé.
A consortium of investors, consisting of CDC, Norfund, Finnfund,FinDev Canada, and BIO committed to the Fund’s final close, $30m, $20m, $15m, $10m and $7m, respectively.
Global fisheries and aquaculture have been hard hit by the COVID-19 pandemic and could face further disruption in 2021 as lockdowns affect supply and demand across the sector, according to a report by the Food and Agriculture Organization (FAO).
Heifer International and Cargill, in partnership with the national and county governments, announced the expansion of Hatching Hope in Kenya .
IFAD has provided a first grant of $900,000 through its Rural Poor Stimulus Facility (RPSF) to support the worst affected small-scale producers and rural households in Nigeria.
The Farm to Market Alliance (FtMA) welcomed the Government of New Zealand as a new partner with its multi-year commitment of NZD 6.8 million to support smallholder farmers across Africa, with NZD 4.2 million committed to Rwanda from 2020-2023.
African Development Bank’s adaptation benefits mechanism helps to climate-proof Ivorian smallholder farmers
A new project by the African Development Bank and the International Agroforestry Agency (ICRAF) to bring relief to Ivorian smallholder cocoa farmers’ communities in Soubre and Vavoua currently grappling with declining yields.
A loan from IFC, a member of the World Bank Group, and the Dutch Entrepreneurial Development Bank FMO, announced a loan to support growth, exports, and jobs in South Africa's blueberry industry.
A new WHO Action framework for developing and implementing public food procurement and service policies for a healthy diet aims to increase the availability of healthy food through setting nutrition criteria for food served and sold in public settings.
Value Seeds, Mastercard Foundation partner to support women farmers' recovery and resilience in Nigeria
10,000 women in Nigeria will be selected as direct beneficiaries of a two-year agricultural intervention, as Value Seeds launches their COVID-19 Recovery and Resilience Intervention Project in partnership with the Mastercard Foundation.
The first farmer-owned cocoa fermentation centre in Ghana under the Fine/Flavour cocoa production initiative of the Ghana Cocoa Board (COCOBOD) has been opened at Offinso in the Ashanti Region.
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.
The Ecobank Academy, which is the corporate university of the leading pan-African banking group, Ecobank, is providing bespoke financial management training courses for national and regional alliance members of the NCD Alliance.
The U.S. Agency for International Development (USAID), the Swiss Agency for Development and Cooperation, and the IKEA Foundation announced a joint $30 million commitment to Aceli Africa.
Nestlé partners with Nomanini and Standard Bank to empower informal retail traders across the Eastern and Southern Africa
Informal retail Micro, Small and Medium-Sized Enterprises (MSMEs) across the Eastern and Southern Africa Region (ESAR) are set to receive a technological and operational boost for their businesses, thanks to Nestlé, Nomanini and Standard Bank.
Development Partners International announced the partnership between Compagnie Marocaine de Goutte à Goutte et de Pompage’s (CMGP), and Comptoir Agricole de Souss (CAS) to create a new player in the Moroccan and African agricultural industry.
The International Fund for Agricultural Development (IFAD) and the Food and Agriculture Organization of the United Nations (FAO) have joined forces to foster inclusive and sustainable family farming across the Near East and North Africa (NENA) region.
The Minister for Trade, Industry and Competition and the Minister for Agriculture, Land Reform and Rural Development, alongside stakeholders, signed the sugar industry master plan for South Africa.
As antimicrobial resistance (AMR) drastically rises threatening to turn into the next pandemic with serious implications for global health, agri-food systems and economies, FAO is calling on actors to prevent the spread of drug-resistant microbes.
Food processor, Del Monte Kenya Limited (DMKL) has officially launched its Women's Health and Empowerment program with a six-day employee awareness campaign.
The International Islamic Trade Finance Corporation (ITFC), has approved a Grant Agreement for the Senegalese Groundnut Oil Processing Company, SONACOS, to acquire new laboratory analysis equipment.
The United Nations World Food Programme (WFP) welcomed a contribution from the People’s Republic of China that has helped WFP reach vulnerable people with food and nutrition assistance.
The Southern African Development Community (SADC) launched a $20 million regional appeal for support to control the outbreak of the devastating African Migratory Locusts (AML) in the region.
Standard Bank, UN Women equip women farmers in South Africa and Malawi with financial literacy skills
Standard Bank and the United Nations Women (UN Women) are currently providing financial literacy training to thousands of women farmers in African key markets including Malawi and South Africa.
Key Technology, Inc.,and Heat and Control Pty Ltd. has announced an extension of their existing partnership, supporting customers in Australia, New Zealand and India, to now include the region of South Africa and Sub-Saharan.
The OPEC Fund for International Development (the OPEC Fund) is providing two loans totaling $45 million to help increase the supply of potable water and boost food security in the Democratic Republic of Congo.
The OPEC Fund for International Development (the OPEC Fund) has signed a $20 million public sector loan agreement with Senegal to co-finance a project that will boost food security.
The Food and Agriculture Organization of the United Nations (FAO) formally launched the Food Coalition, arising from the need for concerted action to prevent the COVID-19 international health emergency from triggering a catastrophic world food crisis.
The regional seed trade in the COMESA countries currently stands at $2 billion but this is set to rise to $5 billion by 2025 with the implementation of new initiatives.
Twiga and IFC’s Global SME Finance Facility are set to be part of an investment of up to $30 million through unfunded risk sharing facilities with Kenya Commercial Bank.
GIZ GmbH has been working in Ethiopia on behalf of the Partnerships for Forest programme and together with smallholders organized in cooperatives, it is working on establishing forest coffee on the international market.
Woolworths South Africa has announced its commitment to invest R1billion in its prices over the next two – three years, with a R750million, approximately, $46 million, investment planned in the Foods business.
Ethiopian Airlines and the United States announced a partnership agreement that will enable the nation’s flagship carrier to source locally grown produce and ingredients for preparing in-flight meals for global passengers.
Ten African Heads of State have issued a strong call to other world leaders to increase their funding to the IFAD or risk jeopardizing Sustainable Development Goal targets for eradicating poverty and hunger, particularly in Africa.
According to the recently published Kenya Food Index 2020, Chicken is the most popular cuisine among online customers Kenya.
Food and beverage processing company Del Monte Kenya Limited has partnered with the UN women health and empowerment programme.
United Nations FAO and CropLife International renewed and strengthened their commitment to work together and find new ways to transform agri-food systems and promote rural development through on the ground investment and innovation.
Ghana Cocoa Board (COCOBOD), in collaboration with a consortium of International Financiers, signed an agreement that will bring in an amount of $1.3 billion to the Ghanaian Economy.
Coffee farmer, Francois Dadi Serikpa, from Gnamagnoa in Côte d’Ivoire, joined Nestlé’s Nescafé Plan 10 years ago. The coffee farms that had been in his family for generations were producing poor yields, making it hard for him to earn a good living.
According to World Food Program officials, about 45 million people in Southern Africa are facing food insecurity and the worst affected country is Zimbabwe.
The International Finance Corporation (IFC) announced the establishment of a partnership with OCP Africa, a subsidiary of the OCP Group with a view to strengthening the rice sectors in Côte d'Ivoire and millet in Senegal.
The International Fund for Agricultural Development of the United Nations (IFAD) announced a $59.9 million investment to fund a six-year extension of the successful Commodity Value Chain Development Support Project (PADFA).
The production of South African poultry increased by 5% during the first 8 months of the year, when compared to the same period last year, despite the challenges to the operating environment brought on by COVID-19.
South Africa's Solidarity Fund received R50m grant from the government of the United Kingdom, aimed at extending ongoing efforts to counter the repercussions of COVID-19, focusing specifically on projects supporting and promoting women.
The OPEC Fund for International Development (the OPEC Fund) approved $100 million in new funding to support development operations in Burundi, Nicaragua and Ghana.
Global agri-food trade has more than doubled since 1995, amounting to $1.5 trillion in 2018, with emerging and developing countries' exports on the rise and accounting for over one-third of the world's total, FAO reports.
The United Nations World Food Programme (WFP)welcom ed 5,000 metric tons of rice and $300,000 in cash from the Republic of Korea to provide much-needed relief assistance to 781,000 people including refugees and Ugandans threatened by locusts.
FAO launches Green Cities Initiative to help transform agri-food systems, end hunger and improve nutrition
FAO unveiled its new Green Cities Initiative and Action Plan to help transform agri-food systems, end hunger and improve nutrition in and around the cities in a post COVID-19 era.
eoStar announced it has integrated with Microsoft to provide Coca Cola Beverages Africa (CCBA) the opportunity to meet sales and delivery needs across their value chain.
Naspers Foundry, Naspers’s R1.4 billion early-stage tech investment vehicle aimed at boosting the South African tech sector, has closed its third deal, an investment in Food Supply Network (FSN).
Nestlé Côte d’Ivoire’s Joëlle Abega-Oyouomi is one such example. She is the first-ever female factory manager in Nestlé Central and West Africa.
The World Bank approved a $80 million grant from the International Development Association (IDA) to support the government of Ethiopia boost agricultural productivity and enhance market access for smallholder farmers.
The U.S. government, through the USAID and Chipsy for Food Industries, a PepsiCo Egypt company, renewed a partnership that boosts the productivity of farmers and builds a more transparent and sustainable potato supply chain.
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.
The 2020 Africa Agriculture Status Report (AASR) has been launched at the African Green Revolution Forum (AGRF) virtual summit in Kigali, Rwanda.
Olam Markets, Ghana's first and only B2B mobile app in the food sector, has made such a positive impact with grocery distributors that its owner, global food and agri-business Olam International, is now planning to take the app into West Africa.
Pearl Dairy Farms is now exporting its range of milk powder products to Ethiopia, Malawi and South Sudan underpinned by the ratification of the Africa Continental Free Trade Area (AfCFTA) agreement.
Nigerian Minister for Agriculture and Rural Development said the Federal Government will inject over N600 billion as stimulus-response into the agriculture sector, targetting small scale farmers, to ensure food security and sustainability.
Global food prices rose for the third consecutive month in August, influenced by generally firmer demand and a weaker U.S. dollar, according to a report released by FAO.
In Niger, the agricultural sector employs 8 out of 10 people; It is estimated that if the gender gap was closed in agricultural productivity, it would unlock financial gains that could lift over 25,000 Nigeriens out of poverty.
The European Bank for Reconstruction and Development (EBRD) is strengthening the agribusiness sector in Morocco and Tunisia with a total loan equivalent to €10.9 million to Land’Or, a leading Tunisian processed cheese maker.
Avocado oil is coming into the mainstream cooking process; it is replacing traditional cooking oil due to the presence of numerous minerals.
Nestlé has appointed Mauricio Alarcon as new Chief Executive Officer of Nestlé Central and West Africa Ltd, effective September 1, 2020.
The United Nations World Food Programme (WFP) welcomed a new contribution of €800,000 from the European Union (EU) to help provide food assistance to the most food insecure refugees and asylum seekers in Malawi.
The United Nations World Food Programme (WFP) welcomed a €1.4 million contribution from the European Union (EU) to support 94,000 vulnerable Swazi households for 12 Months.
More than 3,000 smallholder tea farmers from Kericho, Bomet, Nandi and Nakuru counties who had diverted their green leaf supply to competitor factories have returned to KTDA managed tea factories citing better returns and services.