State releases 600,000 bags of maize to ease grain shortage

KENYA – Kenya’s National Cereals and Produce Board (NCPB) has resolved to release 600,000 bags of subsidised maize to grain millers aimed at easing grain shortage in the country. According to a Business Daily report, […]

Zimbabwe’s Ariston Holdings sustains growth momentum as revenue increase 50%

ZIMBABWE – Ariston Holdings Limited, a diversified agricultural firm in Zimbabwe, is upbeat of maintaining a growth trajectory in the second half of the current financial year following a 50% growth in revenues for the […]

Nigerian rice processor to invest US$50m in new high capacity processing plant

NIGERIA – Darma Rice Mill Ltd has unveiled plans of investing about US$50 million (N15.2 billion) in setting up a new rice mill with an annual capacity of processing 600,000 tonnes. According to a report […]

Zimbabwe’s Ariston Holdings sustains growth momentum as revenue increase 50%

ZIMBABWE – Ariston Holdings Limited, a diversified agricultural firm in Zimbabwe, is upbeat of maintaining a growth trajectory in the second half of the current financial year following a 50% growth in revenues for the […]

Kenya to raise US$250m to set up value-addition hubs under industrialisation initiative

KENYA – The government of Kenya is seeking to raise US$250 million (Shs25 billion) through partnership with development partners to facilitate establishment of value-addition hubs for agriculture produce. Mwangi Kiunjuri, the Agriculture Cabinet Secretary, said […]

Seed Co reports 16% growth in revenues as profits increase four fold to US$9.07m

ZIMBABWE – Seed Co Limited, one of Africa’s leading seed producers, reported a 16% increase in revenues to US$73.4 million offsetting a 323% jump in after-tax-profit to US$9.07 million in the year ended March 31, […]

USDA to relocate key offices to Kansas in cost-savings strategy

USA – The U.S. Department of Agriculture is planning to relocate its Economic Research Service and National Institute of Food and Agriculture from Washington to Kansas City after carrying out a cost-benefit analysis. The move […]

World Bank, India commit to support food security efforts in Kenya

KENYA – The World Bank and India have promised to help Kenya adopt new agricultural technology to boost food production and cut reliance on imports. Ashok Dalwal, chief executive officer in the Ministry of Agriculture […]

French investor Creadev acquires stake in Twiga Foods worth US$5M

KENYA – Creadev, a French-based investor, has acquired an undisclosed stake worth US$5 million (Sh500 million) at Kenya’s leading online grocery platform, Twiga Foods. Creadev is a global long-term investment firm wholly funded by the […]

US-based agric equipment firm AGCO opens regional office in Morroco

MOROCCO – US-based manufacturer and distributor of agricultural equipment, AGCO has opened a regional office in the northeast of Casablanca, Morocco to serve the West and North African market. The new office seeks to further […]