Louis Dreyfus to exit dairy business as part of strategic focus

NETHERLANDS – The global agri-merchant firm, Louis Dreyfus Company B.V. has announced decision to exit its dairy business by mid-2019 as part of strategy to focus on core business operations. As one of the leaders in the world's agricultural product trade flows, the company is looking to exit non-core areas and focus on key product…

Central Bank of Nigeria to compensate 550,000 rice farmers

NIGERIA – The Rice Farmers Association of Nigeria (RIFAN) said that the Central Bank of Nigeria (CBN) has approved compensation via loan for over 550,000 rice farmers affected by the 2018 flood disaster, reports the Vanguard. RIFAN National President, Aminu Goronyo, revealed that CBN governor had directed that the loans should be restructured for a…

EU grants Uganda US$4.1m to boost coffee and cocoa sector

UGANDA - The European Union (EU) has granted Uganda US$4.1 million to boost the country’s coffee and cocoa industries. The grant agreement sealed by Uganda’s Finance Minister Matia Kasaija and the EU ambassador to Uganda, Attilio Pacifici seeks to boost the coffee and cocoa exports in the EU market. “This grant is aimed at value…

Bureau of standards to seize goods without distinctive mark in Uganda

UGANDA - Uganda National Bureau of Standards (UNBS) said it will seize goods found on the market without a distinctive mark, giving manufacturers and processors till end of January for certification of all products in the market. Dr Ben Manyindo, the UNBS executive director, said the new regulation is part of the agency’s need to…

Tongaat Hulett appoints John Gain Hudson new CEO

SOUTH AFRICA – Tongaat Hulett, agriculture and agri-processing group, appointed former SABMiller executive John Gain Hudson as new Chief Executive Officer (CEO) effective from February 2019, reports Business Day, Gain Hudson, 49 years old, will replace the long-serving CEO, Peter Staude, and will spearhead the group’s strategic review as Tongaat seeks to revive its under-performing…

Kenya’s Horticulture revenues hits US$ 1.257bn in ten months

KENYA – Kenya’s domestic horticulture has registered impressive performance after earning the country US$ 1.25 billion in 10 months to October 2018 an increase from full earnings for 2017 of US$1.13 billion, reports Business Daily According to Jane Ngigi, chief executive officer Kenya Horticulture Council, the enhanced earnings have been attributed to high standards of…

Nigeria’s Yam Committee to export 5,760 tonnes in 2019

NIGERIA - The Technical Committee on Nigeria Yam Export said it is targeting the exportation of more than 5,760 tonnes of yam to different countries in 2019, reports the Vanguard. However, Prof. Simon Irtwange, Chairman of the committee has highlighted existences of the 1986 Export Prohibition Act and logistics problems as some of the major…

Angola receives US$74.5m EU funding to boost food security

ANGOLA –The European Union has released US$74.56 million to aid the execution of the Reinforcement, Resilience and Nutritional Food Security Programme (FRESAN) in the southern region of Angola. Matteo Tonini, representative of the Food and Agriculture Organization (FAO) in Angola, said that from the overall amount at least US$28.22 million will be channeled to the…

Café Africa collaborates with Tanzania government to boost coffee production

TANZANIA - Café Africa has joined hands with the Tanzanian government and the Agricultural Non-State Actors Forum (ANSAF) on efforts to boost coffee production and re-position the produce as the leading export crop, reports The Citizen. Spearheading the initiative, Café Africa, which was established to uplift the vision of Africa coffee sector mainly by conducting…

Rwanda’s Skol brewery partners AFC to increase brand’s support

RWANDA - SKOL Brewery Ltd Rwanda has announced a signed partnership with UK-based renowned football team, Arsenal FC, saying it will use the recently launched brand ‘Skol Select’ in promotional activities to grow support for both Skol and Arsenal brands. The brewer says they will use the recently launched brand, SKOL Select, as the partner beer…