Sugar Corporation to inaugurate third sugar factory under US$286m Omo Kuraz Project

ETHIOPIA - Ethiopian Sugar Corporation is set to inaugurate Omo Kuraz Sugar Factory Three on October 14, built with US$286.12 million loan from China Development Bank. According to the state corporation, the new factory will have the capacity of upto a thousand tonnes of sugar per day, producing three types of sugar with modern technology…

US exports of feed grains set new record at 120 MMT led by corn

USA - The United States exports of feed grains and co-products for the 2017/2018 marketing year reached 120 million metric tonnes led by higher corn shipments, setting a new record for the second year in a row. According to the U.S. Grains Council, the year’s exports increased 6% (6.5 million tons) above last year’s record,…

Solidaridad implements initiative to boost cocoa and palm oil production

SIERRA LEONE - The social and ecological development network Solidaridad is working on two projects with an aim of improving cocoa and palm oil production in Sierra Leone. According to the Concord, the successful implementation of phase two of the Sustainable West African Palm Oil Programme (SWAPP) and the Cocoa Rehabilitation and Intensification Programme (CORIP)…

Research Institute embarks on strategic crossbreeding to boost beef production

TANZANIA - Tanzania Livestock Research Institute (TALIRI) has rolled out a special crossbreeding programme aimed at boosting beef breeds while improving production in the country. The initiative seeks to increase the stock of Boran cattle, a popular Zebu beef breed while addressing challenges faced in beef production. Speaking to Daily News, TALIRI Director General, Dr…

Zambia 2019 budget focuses on broadening tax base, ease foreign debt and diversify through agriculture

ZAMBIA - The government of Zambia has proposed revenue measures in the 2019 budget with a focus to enhance diversification through agriculture and tourism, a move that may be critical in easing the country’s external debt burden which stood at US$9.4 billion at the end of June. Despite increasing concerns on the sustainability of Zambia’s…

Olam receives AGROW Award as champion of inclusive agribusiness in ASEAN

SINGAPORE - The agribusiness giant, Olam international has received the AGROW Award, recognized for inclusive agribusiness in the ASEAN (Association of Southeast Asian Nations) agricultural sector. Olam was honored with the Golden AGROW Award (Singapore) for its outstanding contributions in the field of agriculture by helping micro, small and medium enterprises in the region to…

South Africa’s sorghum output to drop 9% to 100,000T in 2018/19

SOUTH AFRICA - Sorghum production in South Africa is on the decline and according to Global Agricultural Information Network report from the U.S. Department of Agriculture, this will drop by 9% in 2018-19 to 100,000 tonnes from 109,855 tonnes in 2017-18. The drop was attributed to a 32%decrease in area planted as many producers substituted…

IRRI opens regional office in Kenya to boost Africa’s rice productivity and sufficiency

KENYA - The International Rice Research Institute (IRRI) has opened a new regional office in the Kenyan capital Nairobi to help Africa achieve self-sufficiency and productivity in rice production. The new regional hub hosted by CGIAR center, the International Livestock Research Institute (ILRI) will work in collaboration with AfricaRice to offer training and research services…

Tanzania receives US$115m European Union funding to boost agriculture

TANZANIA - The government of Tanzania has received US$115.91 million (Tsh265 billion) from the European Union to enhance productivity and competitiveness in the Agricultural sector. According to the Citizen, the programme dubbed ‘agri- connect’ would focus on key agricultural sectors such as horticulture, coffee, tea as well as food production and nutrition security. During the…

Africa focused equity firm Phatisa raises US$121m for second generation fund

AFRICA - Phatisa, a sector-focused African private equity firm has closed its second generation fund, Phatisa Food Fund 2 (PFF 2) at US$121.5 million with a target to reach US$300 million by mid-2019. PFF 2 will focus on investments in the African food value chain that is; mechanisation, inputs, poultry and meat production, food processing…