Agritech startup, Farmcrowdy, enables UK-based Nigerians to invest in poultry and local farms via mobile phones
UK-based Nigerians are investing in Nigeria’s booming agricultural sector from the comfort of their homes, thanks to one and half-year-old, VC-backed agritech platform, Farmcrowdy.
Agritech startup, Farmcrowdy, enables UK-based Nigerians to invest in poultry and local farms via mobile phones
UK-based Nigerians are investing in Nigeria’s booming agricultural sector from the comfort of their homes, thanks to one and half year-old, VC-backed agritech platform, Farmcrowdy.
Bank of Agriculture (BOA) and SunTrust Bank have sealed an e-banking agreement described by the Minister of Agriculture Audu Ogbe as ‘landmark’ and instrumental to the development of agricultural sector in Nigeria.
Global refreshment brand Lipton and charity organization WE have partnered to empower 80,000 women in tea farming communities across Kenya by providing them access to financial and business skills training.
African Palm Corp., a US based organization with an interest in sustainable extraction, processing, and commercialization of products derived from African palm oil is set to launch operation in Guinea-Bissau.
The International Land Coalition Africa, a platform of 79 CSOs across 24 countries in the continent, has joined the Civil Society Organisations Working Group on Land Rights Reform in Liberia to demand for a people-centred land bill.
AGCO partners with BHBW Zambia and Zambia National Commercial Bank to provide financial solutions in purchase of farm machinery
AGCO, a global manufacturer and distributor of agricultural equipment, has established a retail Finance Partnership to support Zambian farmers in the purchase of farm equipment.
Overseas Private Investment Corporation, AfDB and ALCB Fund sign loan agreement to support capital markets and high impact sectors in Africa
Overseas Private Investment Corporation (OPIC), the African Development Bank (AfDB) and ALCB Fund Board Members have signed a loan agreement to support high impact sectors in Africa focusing on housing, agriculture and SMEs.
Trade Finance Operation inks $100 million soft commodity finance facility agreement with the Export Trading Group
The African Development Bank has signed a loan agreement for a soft commodity finance facility with the Export Trading Group.
COMESA, through its specialized agency the Alliance for Commodity Trade in Eastern and Southern Africa (ACTESA) has facilitated the launch of the regional Seed Trade Harmonisation Implementation Plan (COMSHIP) in Eritrea.
Kenya’s GDP growth is projected to recover to 5.5% in 2018 up from an estimated 4.8% in 2017. Over the medium term, economic activity is expected to gain momentum, steadily rising to 6.1% by 2020.
RwandAir and Question Coffee have announced a ground breaking partnership to serve Rwandan specialty coffee on all of RwandAir flights with over 2 million cups to be offered in the next 2 years.
Changemaker International and Capacity Africa have organized a trade mission for Kenyan agribusiness stakeholders to Netherlands to study innovative food production systems and agricultural export models.
Technoserve’s Mom and Pop Shop projects return up to 41 per cent profit for owners in Nigeria and Kenya
Nonprofit organization TechnoServe has announced the results of the Mom and Pop Shops project, which reached nearly 1,000 owners and employees of micro-retail outlets over two years.
Kenyan fishermen lose up to 25 per cent of their stock to poor storage which include the use of ice blocks which often melt during transit. To insulate themselves from further losses they are embracing innovative cold chains.
African Development Bank provides $11.23 million to Madagascar for energy, agriculture and pest control
The Government of Madagascar and the African Development Bank Group (AfDB) have signed five project financing agreements in Antananarivo, for an approximately $11.23 million.
One of the largest Kenyan growers and exporters of flowers, Oserian Development Company Ltd, has embarked on a plan to diversify its commercial activities.
Farmcrowdy, Nigerian digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, today announces the launch of 7,500 acres of new maize and rice farms in Nigerian states, Kaduna and Kwara.
Nonprofit organization TechnoServe has announced four initiatives to boost the livelihoods of smallholder coffee farmers. Over the next five years, these new projects are expected to benefit nearly 90,000 farmers in four countries.
The Foundation and GIZ on Thursday graduated 350 program beneficiaries who have successfully completed a three-month training in the innovative Hydroponic Farming.
Afreximbank targets $700m financing support for Trade, Infrastructure and Agro-Processing Development in Mali
The African Export-Import Bank (Afreximbank) will arrange $700 million multi-sourced finance to support trade and related infrastructure projects in Mali, focusing mainly on transport logistics, tourism, agro-processing and the financial sector.
IDH and Rockefeller Foundation partner to support Nigeria cassava value chain with a $2million investment
IDH, The Sustainable Trade Initiative, has received a grant of a $2 million grant from The Rockefeller Foundation to the IDH Cassava Initiative, to go towards industrializing the cassava value chain in Nigeria.
Everywhere we look, technology is being touted as the enabler of a new era of African agricultural prosperity. The exciting world of possibilities offered by blockchain, IoT and machine learning has made companies, governments and policy-makers sit up.
NUVUS Corp., a pioneer in bio-agricultural technology, announced that it has entered into a Letter of Intent with Kunjani Group to expand its global reach into Sub-Sahara Africa.
Occupying a vast area of 29,000 square meters in Beheira province north of the Egyptian capital Cairo, the newly-established factory of China’s agribusiness factory, New Hope Group, is an indication of the growing ties between the two countries.
Wefarm secures $5million seed funding to reach offline farmers and ease pressure on global food supply
Wefarm, a farmer-to-farmer digital network currently in Kenya and Uganda has secured $5 million in additional seed funding, led by Silicon-Valley based True Ventures.
The Eastern Africa Grain Council, has launched the nine product standards for staple foods and two standards for sampling and test methods.
The OPEC Fund for International Development has signed a public sector loan agreement with Zimbabwe to support the Smallholder Irrigation Revitalization Project, which aims to reduce rural poverty.
IFC has signed a cooperation agreement with the Government of Nigeria to implement a $2 million initiative targeting regulatory and institutional reforms that will strengthen Nigeria’s agribusiness sector.
Nestlé Kenya has joined thousands other companies from across the globe in signing the UN Women Empowerment Principles as the company commemorated the 2018 International Women’s Day.
East African Development Bank inks $15 million credit deal with The Arab Bank for Economic Development in Africa
The East African Development Bank (EADB) has signed a credit line deal worth $15million with The Arab Bank for Economic Development in Africa, BADEA which will be used to help achieve EADB’s goals of developing East Africa.
Senior officials from the Government and the national commission on land reform along with the national alliance of traditional authorities have pledged to promote the integration of land governance.
The Dangote Rice Outgrower Scheme in Jigawa State has reached a turning point with the yaying of a foundation stone for the construction of a multi-billion Naira rice processing mill in Hadin,
African Development Bank and Mozambique sign $29 million grant agreements to finance agriculture and skills acquisition projects
African Development Bank and the Government of Mozambique have signed grant agreements for two operations totaling $ 29 million.
The African Export-Import Bank (Afreximbank) has signed a three-year $300 million revolving global credit facility agreement to provide financing to Export Trading Company (ETC) in a bid to support and promote intra-African trade.
Farmcrowdy, Nigeria's digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, has been named as a recipient of a $325,000 grant from dedicated GSMA global team.
COMESA is set to become the first Regional Economic Community in the world to introduce the use and distribution of seed labels and certificates as a way of improving access to quality seeds in the region.
Archer Daniels Midland Company and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt.
Farmforte, a budding Nigerian Agriculture startup was the cynosure of all eyes at the just concluded Fruit Logistica in Berlin, Germany which is the largest fruit and vegetable exhibition on the planet.
Nigeria among countries with agribusiness friendly regulations, Alliance for Green Revolution in Africa report
An assessment report, “Enabling The Business of Agriculture 2017” put together by Alliance for Green Revolution in Africa (AGRA) in partnership with the World Bank Group, has ranked Nigeria among countries with more agribusiness friendly regulations.
Kenya’s top comedian Daniel Ndambuki, aka Churchill, brought the giant flower producer Oserian to a standstill when he visited the farm in preparations to shoot his weekly comedy show Churchill Show.
Basic crops grown in Africa can be made into higher-value products, whether it's by bagging tea or turning potatoes into frozen French fries, creating jobs and fueling growth in the continent, UNCTAD report says.
Faced with the infestation of millions of hectares of maize, and the relentless spread of Fall Armyworm across most of Africa, FAO has launched a comprehensive guide on the integrated pest management of the FAW on maize.
Agritech is transforming doing business among Kenyan farmers and vendors, CNN Marketplace Africa programme has learnt.
Kenya Flower Council has a new boss. With an experience spanning 23 years across media, communications, marketing and international mediation, Clement Tulezi now takes charge of the umbrella growers and exporters body.
Oserian Development Corporation, one of the world’s largest exporters of fresh cut flowers, has come up with a raft of measures aimed at maintaining production over a long period of time without compromising on natural systems.
Access Bank, a major player in the Nigerian banking sector, has been awarded a syndicated loan of $ 100 million by FMO, the Dutch development bank.
The UK Government has announced an innovative new project to help Kenyan and Rwandese coffee farmers improve crop quality and yield.
Weather changes coupled with a shift in preference by flower growers in farming technologies to sate market demands are seeing flower farms realign their operations.
The Agricultural Research Council, in partnership with the South African Table Grape Industry and Culdevco will launch the seedless breeding red table grape variety called Joybells.
doTERRA announces co-impact sourcing initiatives in Kenya, targets to create 5,000 farming jobs by 2020
Global player in the in sourcing, testing, manufacturing, and distributing of essential oils doTERRA has unveiled its social impact and community building initiatives in Kenya.
In 2016, an invasive crop pest called the fall armyworm was first confirmed in Africa. Native to the Americas, FAW can feed on 80 different crop species including maize, a staple food consumed by over 300 million African smallholder farm families.
Kenya based fresh produce exporter Selina Wamucii Ltd has hailed the directive by Kenya’s Agriculture and Food Authority (AFA) to lift a temporary ban on export of all Kenyan Fuerte and Hass avocado varieties over maturity issues.
The Director-General, Budget Office of the Federation, Ben Akabueze, has revealed that despite the economic downturn fueled by recession, the agricultural sector of the economy grew by three per cent.
The African Risk Capacity, an agency of the African Union, and the United Nations Economic Commission for Africa have announced a new partnership to increase insurance coverage against climate risks for African states.
COMESA has signed a Grant Agreement with the European Union Delegation worth 7.1 million Euros to implement a climate change alliance programme funded by the 11th European Development Fund.
The President of the Republic of Madagascar, HE Hery Rajaonarimampianina has presented to the private sector and civil society organizations the country’s strategy for growth and transformation by 2030.
African smallholder farmers to benefit from world's largest non-governmental climate insurance programme
Over 690,000 families totaling up to four million people living in six low-income countries stand to benefit from a new climate insurance programme launched by VisionFund International, World Vision’s microfinance arm and Global Parametrics.
As the Kenya government introduces a new curriculum in the country’s education sector focusing more on talent development than academic pursuit, leading flower grower and exporter Oserian Development Company has introduced a music school at its supported educational institutions.
IFC, a member of the World Bank Group, announced a €65 million financing facility with Société Burkinabè des Fibres Textiles (SOFITEX) to finance the 2017-2018 cotton campaign in Burkina Faso.
Global confectionery powerhouse Mondelēz International has signed an agreement with the Forestry Commission of Ghana, Ghana Cocoa Board and UNDP, committing to reduce emissions in its cocoa supply chain across Ghana.
From intercropping, mulching to relying on indigenous knowledge, smallholder farmers in East Africa are developing resilient techniques to insulate themselves from changing weather patterns at a time when studies show they will be among the most affected in years to come.
Dow AgroSciences and University of California Davis team up with Consortium to advance orphan African crops
Bambara groundnut. Drumstick tree. Apple-ring tree. While many have never heard of these crops, they produce nutrition essential in Africa.
The OPEC Fund for International Development (OFID) has approved a $1 million grant for Energy 4 Impact to develop the small scale solar irrigation market in Rwanda.
The International Islamic Trade Finance Corporation, a member of the Islamic Development Bank Group has signed a $210 million Framework Agreement with Government of The Gambia for financing over a three year period.
The third in the smallholder series, this two-day conference will assess how business can connect the all-encompassing SDGs to their smallholder supply chains – and the business case for doing so
Rwanda’s growth slowed from mid-2016 to mid-2017, bottoming out at 3.4 percent, but is expected to recover to 5.2 percent for the second half of 2017, and may well accelerate in 2018 and 2019.
Hazera, a global leader in the seed industry, has successfully introduced the hybrid Shanty tomato to Ethiopia, dramatically impacting the lives of rural farmers.
The African Development Bank (AfDB) Group has provided Togo with budget support from a grant from the African Development Fund (ADF) of $1.82 billion.
Diasporans, through the Zimbabwe-South Africa (Zim-SA) Forum, plan to invest about $800 million in the country, targeting agriculture, aviation and mining sectors.
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group has signed a EUR 107 Million Murabaha Financing Agreement to finance Burkina Faso 2017/2018 Cotton Season.
The African Development Bank is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the US $ 5 billion Nacala corridor rail and port project.
Ethiopia’s Minister of Agriculture and Natural Resources, Eyasu Abreha, has met Brazil’s Vice-Minister of Agriculture, Livestock and Supply, Eumar Roberto Novack, to discuss cooperation in the areas of productivity, the management of acid soils.
The International Islamic Trade Finance Corporation signed a EUR 100 million syndicated agreement with the Government of Cameroon and Sodecoton as the Executing Agency for the export of cotton and the import of agricultural inputs.
Farmcrowdy, a Nigerian digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, has announced that it had closed on seed funding of $1 million from international and local investors.
The International Islamic Trade Finance Corporation, member of the Islamic Development Bank Group, signed on November 29, 2017 with the Government of The Gambia a syndicated Murabaha financing Agreement in an amount of US $ 17.5Million.
About five dozen Zambian cotton farmers, ginners, oil crushers and government officials have drafted an action plan to boost the production of cotton by-products, such as briquettes and pellets for fuel made from cotton stalks.
Rwanda and World Bank sign $68 million grant to Improve Connectivity to Agricultural Markets Centers
The Government of Rwanda and the World Bank Group have signed a $68 million Additional Financing Grant Agreement for the on-going Feeder Roads Development Project (FRDP) sourced from the Multi-Donor Trust Fund (MDTF) for Rwanda Feeder Roads Development.
The Commission of the Economic Community of West African States (ECOWAS) and the World Bank have agreed to collaborate closely in the areas of infrastructure, transportation, energy, agriculture and food security.
Ethiopia receives $170million credit facility from World Bank to boost fisheries and livestock sectors
The World Bank has approved an International Development Association (IDA) credit of $170 million to boost the contribution of the livestock and fisheries sectors to Ethiopia’s economy.
The Bill & Melinda Gates Foundation has pledged $300million over the next three years to support agricultural research that will help the world’s poorest farmers better adapt to increasingly challenging growing conditions brought about by climate change.
An automated air drier has given hope and new market to more than 500 small scale fresh produce farmers from Tharaka, Meru and Embu counties in Kenya.
TechnoServe has announced the launch of the BeniBiz project, which will harness the power of entrepreneurship to improve the availability of nutritious food and create economic opportunities for young people in Benin.
A new United Nations initiative, aimed at building the resilience of a million women and youth in the Sahel to climate impacts through smart agriculture, has been launched at the One Planet Summit
Sub Saharan Africa is home to dozens of internationally respected agricultural research institutions majority who have their head offices in the region.
Nestlé through its HENRi@Nestlé open innovation platform, has today unveiled two new projects aimed at addressing some of the most pressing issues facing African countries including Kenya.
APM Terminals, in conjunction with Naija Pride and with the assistance of international development groups, is working to provide modern cold chain transportation alternatives for farmers in the agricultural centers of northern Nigeria.
[South Africa] The Department of Trade and Industry creates 800 jobs with $4million investment in Dursot All Joy
The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe says the grant of almost R50 million, $4million, from the Department of Trade and Industry (the dti) has contributed to the creation of 300 permanent and 500 contract jobs in Modjadjiskloof, Limpopo.
The African Development Bank Group is supporting Namibia’s Agriculture Sector with the approval of One Billion South African Rands (*ZAR 1 billion) loan to finance the country’s Agricultural Mechanisation and Seed Improvement Project.
Flamingo Horticulture Investments (FHI Ltd), a Sun Capital Europe portfolio organisation, announced that they will make a further investment of $2.4Million in subsidiary business Dudutech, Africa’s leading Biological Pesticide Manufacturer.
The World Wide Fund for Nature (WWF) and the Africa Development Bank (AfDB) have announced a new three-year partnership agreement.
Africa’s smallholder farmers are the apex of agricultural output in the continent contributing a staggering 75percent of all agricultural production and creating millions of jobs in the process.
Uganda government and UNDP launch implementation of a $44.26 million project to restore wetlands and build community resilience
The Government of Uganda and United Nations Development Programme (UNDP) have kick-started a new project on "building community resilience, wetlands ecosystems and associated catchments in Uganda."
The use of green economy principles and approaches in agricultural development can help improve Africa’s livestock production, says Ms. Mmadima Nyathi, Director of Research Statistics and Policy Development in Botswana’s Agricultural Development and Food Security Ministry.
Utibe Uko has his mind and eyes set on luring more youth into farming through his enterprise UniQuest Farms & Innovations Centre that besides working in vegetable cultivation, is partnering with young people in Nigeria through Agribusiness Cooperative Development.
Farmcrowdy, Nigerian digital agriculture platform, has introduced a new category of funding small scale farming in Africa by allowing Nigerians to venture and sponsor agriculture; and has further announced the launch of its first app for Android, iOS and Windows mobile devices.
A joint initiative of the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will boost agriculture value chains and enhance drought resilience in Nigeria, Somalia and Uganda.
A ‘crazy idea’ has resulted in the ability to grow durum wheat in the extreme heat of famine-affected Senegal, Mauritania and Mali, potentially boosting the income for one million farming families.
Purdue University scientists will develop stronger, more versatile varieties of sorghum that have the potential to reach millions of African farmers.
Africa Day, held on 15 November within COP23 in Bonn, was the springboard for the official launch of Africa NDC Hub, the African Platform for Nationally Determined Contributions (NDCs).