AfDB approves US$23m to support agribusinesses in eight African countries

AFRICA - The African Development Bank (AfDB) through the Board of Directors of the Agriculture Fast Track Fund (AFT) has approved US$23 million grant to support agribusiness Small-and-Medium- sized Enterprises (SMEs) in eight African countries. The fund will be used to finance agribusiness in Ghana, Burkina Faso, Ethiopia, Malawi, Mozambique, Nigeria, Senegal and Tanzania with…

Research institution develops new drought-tolerant seed cultivars to boost food security in Ghana

GHANA - The Council for Scientific and Industrial Research – Savannah Agricultural Research Institute (CSIR-SARI) has unveiled new drought-tolerant seed varieties with an aim of improving food security in Ghana. The research institution has developed new maize, rice, soybean, sorghum and groundnut drought-tolerant seed varieties which SARI says their performance has been proven to be…

Tanzania chamber of commerce embarks on efforts to boost cassava sector

TANZANIA- The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) has unveiled plans of setting up a cassava processing plant in Dodoma as part of its commitment in transforming the cassava sector in the country. Additionally, the government agency -whose a mandate is to promote trade and facilitate private-public investments- has also acquired 2,000 acres…

World Bank launches agri-tech platform to boost agriculture sector in Kenya

KENYA – The World Bank has launched a digital agriculture technologies innovation platform in Kenya that seeks to boost agriculture sector by providing solutions around productivity, market access, financial inclusion and information to farmers. The platform dubbed as ‘disruptive digital technology’ it aims at funding agri-tech innovations to step up technologies that will scale up…

Tanzania’s agribusiness finance group unveils US$79.49m to support local investors

TANZANIA – The Private Agricultural Sector Support (PASS), an agribusiness financial investment organisation in Tanzania, has unveiled US$79.49 million (Tzs 184 billion) to supportlocal agricultural investors in the country in commercialising their operations. The investments strengthens the firm’s financial support in the country’s agricultural sector  which according to a Daily News report, has since its…

India injects US$150m to boost agricultural mechanisation project in Ghana

GHANA – Ghana has received US$150 million for India to boost the Strengthening of Agriculture Mechanisation Service Centres (AMSECs) Project that seeks to modernise the agricultural sector in the country. According to the minister of finance in Ghana, Mr Ken Ofori-Atta, the long term financing agreement between the two countries will improve availability and timely…

USAID launches US$300m agribusiness investment initiative in Nigeria

NIGERIA – The United States Agency for International Development (USAID) has launched a US$300 million agribusiness investment initiative in Nigeria that seeks to promote private-sector investment in agriculture. Dubbed as the ‘Feed the Future Nigeria Agribusiness Investment Activity’ invest investment will be implemented under a new contract entered between USAID and the Cultivating New Frontiers…

Agriculture research bodies partner to enhance food security in Zimbabwe

ZIMBABWE – Three key Agriculture based research institutes in Zimbabwe have agreed to join forces with an aim to explore opportunities in addressing food insecurity and tackling nutritional challenges facing the country. These include the Scientific and Industrial Research Development Centre (SIRDC), International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) and Matopos Research Institute…

AfDB in project to facilitate dissemination of agriculture technologies in Ghana

GHANA – The Africa Development Bank (AfDB) through the Technologies for Africa Agricultural Transformation (TAAT) is set to facilitate dissemination of agricultural technologies in Ghana in a bid to enhance food security on the country. Stakeholders and farmers in the agriculture sector will receive training who will subsequently set up innovation platforms to scale up…

EU Launches commercial mushroom production project in Ghana to boost sector

GHANA – The European Union (EU) has launched a one million Euro (US$ 1.14 million) commercial mushroom production project in Ghana that seeks to boost diversification in the agricultural sector. According to a report by Ghana News Agency the project will be implemented through a four year period running through 2019-2022 and also seeks to…