Tanzania to scrap 65% cashew export levy remitted to farmers

TANZANIA - The government of Tanzania has proposed changes to its Cashewnut Industry Act (Cap, 203), scrapping the 65% of the crop export levy remitted to farmers through the Cashewnut Board of Tanzania (CBT). Amendment to the law will see the export levy collected in the consolidated fund, instead of the current situation where some…

EU invests US$2.37m in cashewnut project in Kenya to revive the industry

KENYA - The European Union has launched a US$2.37 million cashewnut and sesame value chain project to revive the ailing industry after the collapse of the sole processor at the Kenyan Coast, Kenya Cashewnuts Factory. Revival of the new factory, now under the management of the Millennium Nuts Company, brings hope for 15,000 farmers in…

Nigeria agric products exports worth US$81m in three months

NIGERIA - Nigeria’s exports in agricultural products including cashew nuts, biscuits, cocoa butter, sesame seeds, frozen shrimps, biscuits and others were estimated to be worth US$81.02 million between January and March 2018, a 558.46% increase compared to the same period in 2017. ThisDayLive reported the increase in agricultural commodities which stood at 45,462 tonnes was…

Higher production of cashew earns Nigeria US$402m

NIGERIA - Nigeria’s cashew production has increased from about 90,000 metric tonnes in 2011 to 220,000 metric tonnes valued at US$402 million at the end of 2017, reported the Vanguard. Despite challenges relating to unfavourable climate, the cashew industry has managed to improve, the figures showing production more than doubled since 2011. According to Tola…

Vice President inaugurates 5,000 tonnes cashew processing plant

NIGERIA - Vice President Yemi Osinbajo has inaugurated a 5,000 tonnes per year capacity cashew processing factory in Ilorin, Kwara State capital. He was accompanied by the governor of the state, Abdulfatah Ahmed; Minister of Information and Culture, Lai Mohammed; CEO/Executive Director, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo and Executive Director, Bank of Industry…