EU injects US$4.1m into Kenya’s agriculture sector to boost exports

KENYA –  Kenya and the European Union (EU) have signed a deal for the implementation a US$4.1 million agricultural project that seeks to boost horticulture exports. The funding will be used for the implementation of […]

Nigeria’s agriculture exports decline 11.5% to US$239.32m in three months

NIGERIA – Nigeria’s agricultural goods exports in the first quarter of 2019 dropped by 11.5% from US$270.45 million (N97.3bn) recorded in the fourth quarter of 2018 to 239.32 million (N86.1bn). According to data from the […]

Nigeria’s Agro Traders Limited to get US$5.55m to boost cocoa exports

NIGERIA – Agro Traders Limited, a Cocoa processing and export company in Nigeria is set to receive US$5.55 million (N2bn) to boost cocoa processing and exports. The funding will be provided by Nigeria Incentive-Based Risk […]

Tanzania’s annual cashew nut sales shrink 63% to US$196.5m

TANZANIA – Tanzania’s total cashew nut sales on the international market dropped 63% to US$196.5 million in 2018, compared with US$529.6 million in the 2017 trading period. Minister for Finance and Economic planning Phillip Mpango, […]

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 […]

Foundation unveils five year plan to revive Nigeria’s cocoa sector

NIGERIA – Foundation for Partnership Initiatives in the Niger Delta (PIND) has unveiled a five-year plan to revitalise Nigeria’s cocoa sector aimed at increasing productivity. The Executive Director, Dr. Dara Akala, said that the initiative […]

South Africa’s agribusiness records US$660m trade surplus in the first quarter

SOUTH AFRICA – South Africa’s agribusiness sector recorded a trade surplus of US$660 million (R9.53 bn) in the first quarter, up 11 percent from the same period previous year despite a tough start of the year. According […]

Barry Callebaut, Cameroon intensify collaboration to boost cocoa supply

CAMEROON – Barry Callebaut, a global chocolate and cocoa products manufacturer, and Cameroon have signed a letter of intent to intensify the cooperation on sustainable cocoa farming in the country. The chocolate manufacturer will particularly […]

Government commissions fruit processing factory under industrialization initiative

GHANA – The Ghanaian Government has commissioned an avocado processing factory in Akuapem under government’s One-District-One-Factory industrialization initiative. The Akuapem Gold Agro Processing Limited has a capacity to process six to eight tons of avocado […]