S&W Seed Company has created a joint venture with Canadian-based AGT Food and Ingredients subsidiary, AGT Foods Africa Ltd, to form a new company registered in South Africa.
The Legatum Center for Development and Entrepreneurship at MIT, has named South African startup Wala as the grand prize winner of the 2018 Zambezi Prize for Innovation in Financial Inclusion, as well as the regional winner of the MIT Inclusive Innovation Challenge.
Block Commodities Limited, the innovative commodity trader operating in Africa has entered into a strategic partnership with Pure Grow Africa Limited supplier of high-quality agricultural produce based in Uganda.
One of Kenya’s leading flower grower and exporter Oserian Development Company has sounded the alarm over massive fertilizer shortage in the country.
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
The South African business delegation that will take part in the World Food Moscow is in Russia to seek export opportunities in the local agro-processing market.
The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes.
As African economies continues to develop, trade plays a vital role in raising living standards and improving the lives of their citizens.
Counterpart International is pleased to announce the appointment of Mutale Chilangwa as Regional Director of the Africa portfolio. Mutale brings to Counterpart more than 23 years of international development experience in economic, trade, food security, and governance issues facing both the private and public sectors.
The Alliance for a Green Revolution in Africa (AGRA) has signed a memorandum of understanding with Tel Aviv-based NGO, Start-Up Nation Central (SNC), which will see farmers get extensive material and technical support.
Food losses and waste are an enormous drain on natural resources. Roughly one-third of the annual food produced globally for human consumption — approximately 1.3 billion tonnes — is lost or wasted.
Fifty-one thousand, 785 tons of sugar were produced by the Bioenergy company (Biocom) in the 2018 harvest according to data released at the 34th Meeting of Working Group.
The African Development Bank group has committed to support Equatorial Guinea’s economic diversification into agro-industry and a program of capacity building to foster public policies.
Majority of African countries are struggling to follow the lead of Asian countries in using agriculture to spark widespread economic growth because they have yet to marshal strong political support for agriculture.
S.Vijay Iyer, Vice President and Chief Operating Officer of the Multilateral Investment Guarantee Agency, MIGA, the political risk insurance arm of the World Bank Group – is set to visit Kenya and Rwanda.
The amount of sustainable cocoa sourced by Cargill in Ghana has doubled since the establishment of its own licensed buying company model, and over 13,000 cocoa farmers are now benefiting from the initiative.
OFID, the OPEC Fund for International Development has signed public sector loan agreements totaling to US$37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
The East African Community (EAC) and the Food and Agriculture Organization of the United Nations (FAO) have reaffirmed their commitment in creating more job opportunities for East African youth in the agriculture sector.
Egypt has agreed with Việt Nam to import one million tonnes of white rice for the next three to four months after curtailing cultivation earlier this year.
One of Kenya’s largest grower and exporter of cut flowers, Oserian Development Company has embarked on an elaborate expansion of its key facilities as it seeks to tap into its newly launched industrial park.
The SADC Executive Secretary, Dr. Stergomena Lawrence Tax received a letter of credence to SADC from the Representative of Food & Agriculture Organization (FAO) to Botswana, Mr. Rene Czudekat the SADC Secretariat Head Offices in Gaborone, Botswana.
The African Development Bank Group has signed loan and grant agreements with the Government of Togo for a total of some 16.63 billion FCFA, as part of its Food Processing Project.
OFID, the OPEC Fund for International Development, has signed public sector loan agreements totaling $37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
Software technology company BanQu has developed the first-ever, blockchain economic-identity technology solution that enables a secure, immutable platform and creates economic opportunities for small-scale farmers in Africa.
The Emerging Africa Infrastructure Fund (EAIF) has announced the financial close of its 11-year $35 million loan to Indorama Eleme Fertilizer & Chemicals Ltd.
The African Development Bank (AfDB) and FAO have agreed to boost joint efforts aimed at catalysing agriculture sector investments in Africa to end hunger .
The Forum will be held in Kigali, Rwanda on 5-8 September 2018
Kenya has one of the most dynamic and innovative economies in sub-Saharan Africa.
Plaas, a farmers blockchain platform is set to revolutionize Farmers Management System (FMS) in Africa.
There are two strong arguments why we need to get greater women and youth involvement in agriculture – pragmatic and strategic.
Kenya Power has reiterated its commitment to provide affordable and reliable energy to manufacturers and its other customers to support the government’s Big 4 Agenda.
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.
South Africa’s government announced that it has lifted the decade-long ban on the importation of avocado fruits from Kenya.
Calvert Impact Capital, the mission-driven investor dedicated to creating a more equitable and sustainable world has announced the closing of a $5 million loan to One Acre Fund.
Submissions for the 2018 Meet The Farmers Conference Innov8Agric Challenge are now open.
Kenya is losing at least Sh120 billion in revenue to unregistered agro-chemicals dealers and counterfeit pesticides, according to Agrochemicals Association of Kenya (AAK) chairperson Patrick Amayunzu.
Bolloré Transport & Logistics, Camrail and SEPBC have recently combined their activities within the Bessengué loading site to increase volumes of exported timber from Bélabo in Cameroon.
Kenyan government has announced plans to establish 50 special zones, technically known as feedlots, for production of livestock for the export market.
OFID, the OPEC Fund for International Development, has signed public sector loan agreements with Côte d’Ivoire and Malawi to help boost socio-economic development and living standards.
Seven years ago five women from Khelcom Birane, a village in central Senegal, set up a farming cooperative with only $10.
SOKOTRA Capital, a Dubai-based private investment company specializing in the agriculture and aquaculture sectors, has announced that a SOKOTRA Capital led consortium has completed the acquisition of 100% of AT.
An increasingly disenfranchised customer base that has now been empowered by technology to voice their complaints on poor service delivery is inspiring companies to find innovative way of reaching out to clients.
President Yoweri Museveni has said that a number of Government of Uganda funded contracts worth $2.4bn have been given to Chinese companies especially on roads and recently security cameras worth $120 million.
Africa Green Revolution Forum pulling together stakeholders in the agricultural landscape, will host a Dealroom connecting investors with business owners
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.
The African Development Bank on Thursday signed a US$41-million grant agreement with Republic of Sudan to finance a public sector Agriculture Value Chain Development Project in the country.
Tunisia and the African Development Bank have signed an agreement for the launch of a pilot project to use drones for data collection to enhance management of agricultural projects in the country.
The African Development Bank on Thursday signed a US$41-million grant agreement with Republic of Sudan to finance a public sector Agriculture Value Chain Development Project in the country.
As industries grow, so does the job market, consumer satisfation and investor confidence. Nigeria is gaining a reputation as fertile ground for both business expansion and takeoff point for startups.
Kenyan agri-tech startup Tulaa, which allows smallholder farmers to access inputs, credit and markets, has raised a US$627,000 seed round to fund its continued expansion in the East African country and further develop its platform.
The Raw Materials Research and Development Council and the Association of Agricultural and Industrial Entrepreneurs of Nigeria recently signed a Memorandum of Understanding to collaborate in rural agro-industrial development.
By 2030, it is estimated that Africa’s urban food markets will be valued at US$1 trillion.
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.
Living in northern Kenya’s Isiolo and Marsabit counties means facing frequent droughts and climate shocks and, for businesses, often facing isolation from financial services, like loans, and strong markets.
58,500 smallholders in Ghana, Malawi, Uganda and Zambia will benefit from outgrower programmes backed by AgDevCo's Smallholder Development Unit , with farmer incomes set to collectively increase by $8.8 million per year.
SunCulture, a Kenyan-based technology company and a leader in solar water pumps and irrigation solutions for small holder farmers, has closed an investment round with the EDF Group.
Smallholder farmers in rural villages of Murang’a County in Central Kenya have traditionally grappled with produce glut and poor market pay as a result of over production of key produce like vegetables and fruits.
Kenya continues to be a global frontrunner in embracing renewable energy. Ordinary citizens are driving this revolution.
IFC, a member of the World Bank Group, is helping Bonne Viande de Madagascar—or BoViMa—build a modern feedlot and slaughterhouse that is expected to help create an export market for zebu beef and goat meat.
There is no shortage of opinions with regards to what needs to be done to improve economies of Africa. Experts from diverse fields advocate for different solutions, some tailored to fit their field interests, others seeming to stem from a place of general betterment.
More than 440,000 smallholder farmers in Mali will soon have better access to rural financial services thanks to a new agreement signed by the International Fund for Agricultural Development (IFAD) and Mali.
Addressing Africa’s food import and consumption has suffered from extreme mood swings with the pendulum moving from episodes of pessimism to euphoria.
Olam Hatcheries, a subsidiary of Olam International, an agri-business multinational, has announced the signing of a memorandum of understanding (MoU) with Ceva Santé Animale S.A, an international veterinary health research company.
SAT4Farming, an initiative to reach thousands of small-scale cocoa producers with information and services to improve their productivity and sustainability has been unveiled.
A new study by the Access to Seeds Index evaluated 73 seed companies across 19 countries in Eastern and Southern Africa. This resulted in the selection of 22 companies best positioned to support the productivity of smallholder farmers and the SDGs.
IFC, a member of the World Bank Group, and the Global Agriculture and Food Security Program have announced a $4 million loan to support the expansion of Global Tea & Commodities and its subsidiaries.
Sudan's economic future may rest in the hands of its smallholder farmers. Two thirds of the country's population, 36.2 million people, live in rural areas and agriculture provides essential employment for 70-80 percent of the labour force.
The breakneck economic growth that Angola enjoyed following the end to decades of civil conflict in 2002 came to a sudden stop when the price of oil crashed in 2014.
This week has shown interesting developments in a wide range of sectors in Nigeria - Hospitality, Real Estate, Agribusiness, Banking, Automotive, Oil and Gas and as always, ICT remains a busy sector.
As one of East Africa’s big brothers in economic growth and development, Kenya has this week continued to attract praise and investment with its landmark investments delivering impressive payoffs.
More than 35,000 rural households in Kenya will soon be eating better and earning more money thanks to a new financial agreement signed by the International Fund for Agricultural Development and the Republic of Kenya.
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.