Zambeef Products half year revenue decline 4% amid challenging environment

ZAMBIA –Zambeef Products PLC, a food products and agribusiness company, posted a 4% decline in revenues to US$118.8 million for the six months to March 31, 2019 amid a challenging operating environment. Zambeef plunged into […]

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 […]

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 […]

IFAD partners with Rwanda in US$1.3m project to boost dairy sector

RWANDA – The International Fund for Agriculture Development (IFAD), in partnership with the Ministry of Agriculture in Rwanda have unveiled $1.3 million (Rwf1.1 billion) worth of equipment aimed at improving the dairy sector.   Through […]

Zimbabwe eyes Chinese citrus market to boost sector

ZIMBABWE – Zimbabwe has unveiled plans of exporting citrus products to China as part of the government’s efforts to increase investments in the value chain at a global scale. Dr Sibusiso Moyo, Foreign Affairs and […]

Tanzania’s NMB to inject US$217.65m into dairy sector to boost production

TANZANIA – The NMB Bank, a commercial bank in Tanzania, has set aside US$217.65 million (Tshs500 billion) to finance milk processing ventures in a bid to boost several milk processing plants in the country. The […]

Unilever Kenya unveils new solar plant to explore renewable energy solutions

KENYA – Unilever Tea Kenya has commissioned a 619 kWp solar plant in its Kericho tea factory as part of the firm‘s ambitions of exploring renewable energy solutions and implement energy cost savings initiatives. The […]

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 […]

Ghana Commodity Exchange signs pact with Taft Group to boost operations

GHANA – The Ghana Commodity Exchange (GCX) has signed a Memorandum of Understanding (MoU) with Taft Group of companies, led by Taft Capital, that seeks to improve operations in the commodity exchange platform. According to […]