Nigeria’s Agro Traders Limited to get US$5.55m to boost cocoa exports

NIGERIA – Agro Traders Limited, a Cocoa processing and export company in Nigeria is set to receive US$5.55 million (N2bn) to boost cocoa processing and exports. The funding will be provided by Nigeria Incentive-Based Risk […]

WTO partners with COMESA to enhance market access of commodities in the regional

COMESA – The World Trade Organisation (WTO) has partnered with the Common Market for Eastern and Southern Africa (COMESA) to harmonise standards with a view of increasing market access of agricultural produce in the region. […]

Zimbabwe grain millers to halt supplies to overcharging retailers

ZIMBABWE – Millers under the Grain Millers Association of Zimbabwe (GMAZ) have said that they will no longer supply retailers engaging in overcharging of basic commodities. This move seeks to further support the millers’ price […]

Kenyan tea agency approves increase in farmer prices to boost supply

KENYA – The Kenya Tea and Development Agency (KTDA), which runs over 60 Tea processing factories in the country, has resolved to increase pay-outs to farmers in selected regions as part of the efforts to […]

Ghana, Cote d’Ivoire suspend cocoa beans sales, propose higher maiden floor price

GHANA – Ghana and Cote d’Ivoire have suspended the sale of cocoa beans to the open market under the 2020/2021 crop season until further notice. The suspension was announced in Accra, Ghana by the two […]

Zimbabwe’s Agriculture Marketing Authority records 26% growth in revenue

ZIMBABWE – The Agriculture Marketing Authority (AMA) recorded 26 percent growth in revenues to US$2.3 million for the year ended December 31, 2018 supported by increased agricultural production during the period under review. According to […]

Zimbabwe dairy sector improves as milk output increases 18%

ZIMBABWE – Zimbabwe’s dairy sector has recorded improved performance on the back of increased milk output in the last quarter of 2018 – which grew 18 percent to 21 million litres from 17.8 million litres […]

Economic challenges are impacting on SA’s spirits segment, says Paul Scanlon

SOUTH AFRICA – Prevailing tough economic conditions in South Africa are changing consumers drinking habits, becoming more selective especially on spirits, says Paul Scanlon, managing director of Pernod Ricard in South Africa and Namibia. According […]

Russian Fishing Company eyes West African market in expansion plan

WEST AFRICA – The Russian Fishing Company (RFC) has unveiled plans of expanding into the West African markets under its aggressive expansion plan. According to the Chief Executive Officer of the RFC, Mr. Fedo Kisanov, 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 […]