Tanzania’s coffee production rises to four years high on improved conditions

TANZANIA – Tanzania’s coffee production has almost doubled to four years high, thanks to good weather and high crop circle boom this season. Tanzania Coffee Board (TCB), acting Director General Primus Kimaryo notes that the […]

Olam International reports 16% growth in H1 revenues despite market challenges

SINGAPORE – Olam International has reported a steady operating performance, recording 16% growth in revenues to US$ 11.47 billion in the first half of 2019, from US$9.86 billion recorded in a similar period last year. […]

Ugandan government to invest US$6.24m in Mabale tea factory

UGANDA – The government is set to invest US$6.24 million (UGX23 billon) in Mabale tea factory to revive operations of the company. According to Finance Minister, Matia Kasaija the government will invest the proceeds in […]

Egypt’s Dina Farms to invest US$22.4m in expanding dairy, feed production capacity

EGYPT – Dina Farms, Egypt’s largest private sector farm has announced a US$24.4 (EGP400 million) investment in its dairy farm and associated segments over the next three years to expand its production capacity. The investment […]

Ghana to increase cocoa farmgate price by 5.2% amid strong sales prospects

GHANA – Ghana is set to raise cocoa farmgate prices by 5.2% for the 2019/20 season, the first increase in four years, supported by strong sales of export contracts to chocolate makers and cocoa houses. […]

Corteva to invest in Israel-based agric research company Lavie Bio

ISRAEL – Corteva Inc. plans to invest in Israel based Lavie Bio Ltd. that seeks to develop and commercialize environmentally friendly products for agricultural production. Corteva’s investment in Lavie Bio will include the exchange of […]

Nigeria to increase palm oil production 700% to 5m tonnes by 2027

NIGERIA – Nigeria has made bold steps towards becoming self-sufficient in edible oil production as it aims to increase palm production by 700 percent to 5 million tonnes by 2027. As part of the efforts, […]

Kenya’s Keroche Breweries commits to local sourcing with planned US$2m investment

KENYA – Keroche Breweries, Kenya’s second largest brewer, says that it be spending US$2 million (Shs200 million) to purchase sorghum from farmers by the close of the year. The chief Executive Tabitha Karanja said the […]

US signs trade agreement with European Union to expand beef exports

USA – The United States has signed an agreement with the European Union to lower trade barriers to Europe in a move that seeks to expand the beef export market access. “This is a tremendous […]

Kenya to set up US$2.26m coconut processing plant in the coastal region

KENYA – Kenya will be investing US$2.26 million (226 million) in setting up a coconut processing plant in Mtwapa, Coastal region as part the efforts of revamping the coconut industry. The coconut factory will be […]