Ghana acquires US$188m loan facility for Agricultural mechanization

GHANA – The government of Ghana through the Ministry of Food and Agriculture has secured loan facilities of US$150m from India and US$33m from Brazil to enhance agro-processing in the country through purchase of machinery. […]

Italian bottle screw-top maker Guala Closures opens US$5.5m factory in Kenya

KENYA – Guala Closures East Africa (GCEA) subsidiary of the Guala Closures Group (GCG), screw-top manufacturer, has opened its KSh570 million (US$5.5m) factory in Nairobi, Kenya. The Italian listed company has set up the plant […]

Pyxus Agriculture to invest US$50m in value addition of Malawi’s agric produce

MALAWI – Pyxus Agriculture Limited, subsidiary of United Kingdom-based company Pyxus Agriculture Holding Limited, focusing on groundnuts and sunflower value addition ventures has announced that it will invest $50 million (about K37 billion) in Malawi’s […]

AgriProtein set for global expansion with new facilities in the US and Europe

SOUTH AFRICA – AgriProtein, the world’s first industrial-scale maggot farm based on organic waste, is set for a global expansion as it plans to open a plant in Jurupa Valley, California in 2020, aimed to […]

Finnfund boosts Zambia’s Yalelo Aquaculture with the first direct investment

ZAMBIA – Finnfund, Finnish development financier will support the expansion of Yalelo Limited, an integrated tilapia aquaculture company in Zambia with a US$6 million equity investment. Yalelo produces 12,000 tons of tilapia annually. With the […]

Islamic Development Bank finances US$26m livestock production project in Gambia

GAMBIA – Gambia’s Ministry of Agriculture has launched a US$26m small ruminant production and enhancement project with financing from the Islamic Development Bank (IDB). The small ruminant production and enchantment project is a four-year initiative […]