COMESA partners tech firm to launch regional seed label verification system

COMESA - The Common Market for Eastern and Southern Africa (COMESA) has partnered mPedigree's GoldKeys technology to launch an online seed label verification system in the region. COMESA, which covers 19 countries across South, East and Central Africa, will utilise the pan-African tech start-up system to remove phony seed concerns and improve business in quality…

Cargill invests in Israeli startup Aleph Farms to underpin protein focus

ASIA – Cargill is investing in Israeli cultured meat company, Aleph Farms which has raised US$11.65 million in a series A round of funding. According to Cargill, the investment diversifies its protein interests to meet future consumer demand and complements its focus on animal protein. The round was led by VisVires New Protein and also…

Heritage Bank partners NIRSAL to boost agriculture financing in Nigeria

NIGERIA – The Heritage Bank Plc has partnered with the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) in a bid to improve the agriculture value chain though increasing financing to the sector. The partnership will lead to the identification and secured financing of impactful agribusinesses within all the segments of the agricultural…

Kenya’s Livestock sector grows by 7.6% as revenues hit US$1.46bn

KENYA – The livestock sector in Kenya recorded a 7.6% growth in the previous year as revenue generation from the sector hit US$1.46 billion (Sh146bn) in 2018 from US$1.356 billion (Sh135.6bn) in 2017. According to the 2019 Economic Survey report by Kenya Bureau of Statistics (KNBS), the fast growing sector attracted significant investment reflected by…

Kenyan millers to get US$69m worth of maize to ease shortage

KENYA –The Government of Kenya is set to release 3 million bags of maize worth US$69 million to maize millers in the country aimed at easing shortage that has spiked maize and flour prices. Zakayo Magara, acting managing director of the National and Cereals Board (NCPB) said, the millers would receive the grain in tranches…

Tanzania to invest US$5.65bn in phase II of agriculture sector development project

TANZANIA – Tanzania is set to invest US$5.65 billion (Tshs13 trillion) in implementing the second phase of the Agricultural Sector Development Programme (ASDP II) that seeks to boost the agricultural sector in the country. Speaking at recent a meeting with stakeholders that sought to discuss better ways of improving the sector, Eric Ng'maryo said that…

Tanzanian firm to invest US$ 1.52m in developing tech to curb aflatoxin

TANZANIA – Tanzania’s A to Z Textile Mills has unveiled plans of investing US$1.52million (Tsh 3.5bn) in establishing a factory that will be producing Aflasafe, a technology to combat aflatoxin in grains and cereals. This follows an agreement between A to Z and the International Institute of Tropical Agriculture (IITA) in conducting research on aflatoxin…

Nespresso to invest US$9.8m in new strategy to revive coffee industry

USA – Nespresso has announced that it is investing US$9.8 million (CHF 10 million) in a new strategy to revive the coffee industries in selected countries across the globe. The company has launched the Reviving Origins programme geared at restoring coffee farming in regions where it is under threat, as well as foster rural economic…

Bunge unveils new global business model with senior appointments

USA – Bunge Ltd, global leader in agribusiness and food commodities has announced new global operating model plus changes to its senior leadership structure. The company said the new business structure is aligned with its commercial activities including handling and processing, managing physical product flows, and risk management and optimization.    Agribusiness will be led…

Ethiopia approves tax free imports of agricultural and animal feed technologies

ETHIOPIA - Ethiopia's Ministry of Finance (MoF) has approved the tax reform policy that looks to exempt agricultural mechanization, irrigation and animal feed technologies and equipment from import duties. The tax reform policy was initiated by the Ethiopian Agricultural Transformation Agency (ATA) in close collaboration with the Ministry of Agriculture (MoA), reports Addis Standard. The ministry…