Safaricom in partnership with iProcure, FarmDrive and Arifu have opened four Digifarm depots in Meru County of Eastern Kenya.
It has been said by several economic experts that the country’s path to greatness lies on the fields of Agriculture, and not on petroleum.
Nigeria has seen its 2018 first quarter agricultural export risen by 24 percent as the country explore opportunities to earn substantial dollars through the non-oil export.
At a time when the rest of Africa continues experiencing suppressed growth occasioned by drought, political upheavals and low private sector activity, East Africa has been in the headline this week.
Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC.
Rwanda’s economy expanded by 10.6% in the first quarter of 2018, where GDP at current market prices was estimated at Frw 1,985 billion, up from Frw 1,816 billion in the previous year.
UNCTAD is running a workshop in Angola with government officials, business managers and industry representatives to identify economic sectors that could help soften Angola's dependence on oil exports.
Nestlé Nigeria, in collaboration with International Fertilizer Development Centre, is helping farmers improve their livelihoods by empowering smallholder farmers on sustainable farming practices under the initiative, Nestlé Nigeria & IFDC/2Scale Project Sorghum & Millet.
The Kingdom of Eswatini (formerly Swaziland) and Ethiopia have approved the environmental release of insect resistant genetically modified cotton varieties for cultivation.
Oserian Development Company Ltd has signed French flower breeder George Delbard to set up a showhouse at its new Flower Park.
More than sixty women and women’s groups involved in agricultural processing in the most impoverished areas of Tanzania will receive commercial and technology training to boost their productivity and profitability.
Techno Brain has partnered with Microsoft Corporation to launch a Digital Agriculture Platform in Africa to help farmers improve crop yields and increase income.
The African Development Bank Board has approved a US$15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa.
Kenya this week continues to strategically place itself to benefit from regional integration and reap from its warm relationship with development partners and international investors.
A consortium led by SNV Netherlands Development Organisation is set to roll out a five year Climate Smart Agriculture programme in Kenya, Tanzania and Uganda following a €39.5 million,grant from The Netherlands Ministry of Foreign Affairs.
Come and do business with 150 African agri-entrepreneurs in The Hague
To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan.
Kenya Climate Ventures (KCV), a World Bank Fund has concluded an investment round in Sistema.bio to deliver sustainable renewable energy and agricultural solutions to farmers in Kenya.
The Government of Rwanda and the World Bank Group have signed a $100 million credit agreement to improve the capacity of selected national public agricultural institutions.
Mrs. Jane Ngige is synonymous with tenacity, tact and celestial zeal. For the more than ten years she was the CEO of Kenya Flower Council, she is credited with having introduced transformative reforms.
Africa boasts huge potential for social and economic development, with agribusiness poised to play a major role.
Selina Wamucii, a mobile platform that shortens the agricultural supply chain in Kenya, reducing food wastage and boosting farmers’ incomes, is set to get a major boost from global social impact programme Expo Live.
The Malawi Enterprise Productivity Enhancement project supported under the COMESA RISM programme has procured equipment worth €320,710 for the setting up of a leather design studio to be based in the city of Blantyre.
[Nigeria] Turner Wright Limited receives $150 million financing from Milost Global to grow African market
Turner Wright Limited a Nigerian company providing solutions in animal health, animal nutrition and hygiene has executed a Milost Equity Subscription Agreement financing facility with Milost Global Inc for $150 million financing.
[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind
Two years ago Nigeria was as good as drowning in debts, unemployment, reduced investment and general widespread discontent. Today, though still a work in progress, the country has exited recession and is fast regaining its momentum.
[Kenya Business Week] Towards sustainable businesses, public private partnerships and courts to the rescue
Kenya’s business landscape has this week continued to register mixed fortunes with key sectors, including banking, agribusiness, horticulture and insurance featuring prominently.
FAPA Donors and African Fertilizer and Agribusiness Partnership sign agreement for supply of fertilizer in Africa
The Fund for African Private Sector Assistance donors and the African Fertilizer and Agribusiness Partnership have signed a grant agreement in support of local supply and utilization of fertilizer by smallholder farmers in Africa.
Telecommunication company Safaricom has opened a Digifarm depot in Burnt Forest town, Uasin Gishu County, as part of the company’s efforts to encourage more smallholder farmers to transition into agribusiness.
The company is poised to develop its involvement in the Agri-Parks project, the networked innovation system of agro-production, processing, logistics, marketing, training and extension services.
[Nigeria] African Development Bank approves $100m loan to Indorama for expansion of fertilizer production
The African Development Bank has approved $100m senior loan to Nigerian firm, Indorama Eleme Fertilizer & Chemicals, to support the company’s plans to double its fertilizer production from 1.4 million tons of urea to 2.8 million tons per annum.
The Board of Directors of the African Development Bank has approved EUR 200 million loan to support inclusive and Sustainable Development of Agricultural Value Chains in Morocco.
The Nigerian oil and gas scene remains as active as ever, with changes surfacing on an almost daily basis. Last week saw the country’s first Marine Engineering Center commence its programs of 18 month academic and field work, which will lead to a masters in Marine Engineering.
The Smart Nkunganire System will ensure that farmers comply with recommended best farming practices – such as quality and quantity of agro-inputs – to qualify for the loan; leading to higher quantity and better quality of the harvest.
As Kenya continues to position itself as the East African regional economic supremo, it has been angling for partnerships and sealing deals that are set to have transformative impacts on key sectors of the economy.
The European Union has confirmed its support towards strengthening and realization of devolution in Kenya through the signing of a 1 million-Euro grant towards the Mango and fruit processing plant for Makueni County.
The Ministry of Industry and Commerce has launched Mozambique’s AGOA Utilization Strategy.
Swarm, the blockchain for private equity, has announced that it will make available an investment in the FarmCoin pan-African financial and commodities ecosystem via its marketplace.
At a time when tired soils and drought as a result of weather changes have left agricultural land barren, a new low cost farming method is restoring hope among over 200,000 farmers in Eastern and Southern Africa by increasing yields and restoring soil health.
Nigerian government partners with John Deere Tractors to ease farmers’ access to agricultural mechanization
The Government of Nigeria through the Ministry of Agriculture and Rural Development is partnering with Global Agricultural equipment manufacturers, John Deere Tractors to improve farmers’ access to mechanization.
Behind the Sustainable Intensification of Maize Legume Systems for Food Security in Eastern and Southern Africa, SIMLESA, project is the story of thousands of farmers who have transformed their lands and increased earnings.
Poor rainfall in parts of Africa has triggered the largest insurance pay-out to date for vulnerable farmers under an innovative climate risk management scheme known as the R4 Rural Resilience Initiative, R4.
Solidaridad West Africa and the European Union have launched the Liberia Cocoa Sector Improvement Programme (LICSIP) on the campus of Cuttington University in Suakoko, Bong County.
African Palm Corp. has signed an agreement with representatives of Ngalipomi, a local group from the Congo giving the company access to an additional three million hectares of palm trees in West Africa.
Global player in spatial analytics Esri has launched the Africa GeoPortal, a comprehensive cloud-based platform that provides rich content and solutions from Esri and its partners.
The African Union Commission through its Department of Rural Economy and Agriculture is exploring ways of implementing successful agribusiness Public Private Partnerships to catalyse investments in agribusiness development on the continent.
The Agriculture Fast Track Fund supports Africa-based agri-business SMEs by financing the development costs of agriculture infrastructure projects that span the value chain from rural feeder roads to agro-processing and marketing facilities, to out-grower schemes.
IFC, a member of the World Bank Group, and Daltex, an agribusiness producer in Egypt have signed a Memorandum of Understanding to increase economic opportunities for its women employees and smallholder farmers.
ABB and Heliospectra AB in technology collaboration to explore innovative ways of increasing commercial food production in Africa
ABB, a pioneering technology leader in electrification, robotics and motion, industrial automation and renewables and Heliospectra AB, a world player in intelligent lighting technology for greenhouse and controlled plant growth environments.
The African Development Bank has signed two grant agreements to finance agri-business development projects through the Agriculture Fast Track Fund.
Expansion in oil output and continued steady growth in agriculture assisted Nigeria emerge from recession in 2017, a World Bank Nigeria Bi-annual Economic Update has stated.
Malawi’s six-year maize export ban increased consumption by 6 percent, achieving its objective of increased food security, measured narrowly in terms of availability of maize at lower prices, in the short term according to a study by Karl Pauw et al.
Cazengo Coffee has announced the return of coffee from Angola to US, marking the first US import of Angolan coffee in over 40 years.
USAID, Technoserve and Partners in Food Solutions in new alliance to point African farmers to profitable markets
The United States Agency for International Development and the nonprofit organizations Partners in Food Solutions and TechnoServe have announced the launch of the Alliance for Inclusive and Nutritious Food Processing.
The project, Breeding Better Bananas, seeks to deliver to farmers much-needed improved high-yielding and disease-resistant hybrid banana varieties that are expected to have 30% higher yield compared to the current varieties grown by farmers under the same conditions.
Headquartered in Cotonou, Benin, Atlantic AI Labs™ has dedicated its operations to unleash the potential of AI for sustainable development in Africa
International Finance Corporation, a sister organization of the World Bank, and Groupe Crédit Agricole du Maroc (GCAM), a major Moroccan bank, have signed an agreement to help farmers and agribusiness companies gain access to modern equipment.
IFC, a member of the World Bank Group has announced the formal launch of ‘Africalease’, an association that will promote leasing across sub-Saharan Africa.
Islamic Bank of Guinea introduces financing product for agricultural inputs targeting pineapple farmers
The Federation of Fruit Planters of Lower Guinea has organized the distribution of fertilizer to planters who subscribed to a new financing product offered by the Islamic Bank of Guinea (BIG).
Steeped in legend, gum arabic is not only an exotic commodity but also has the power to drive development in the African nations that produce it, which are among the poorest nations in the world.
The African Development Bank has launched the Say No to Famine – Short-Term Regional Emergency Response Project, STRERP, for Somalia.
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.