World Bank pumps US$95m to transform Malawi’s agricultural sector

MALAWI - Malawi’sagricultural sector is set to receive US$95 million from the World Bank through a six-year Agricultural Commercialization (AGCOM) Project that seeks to transform the sector into a high productive commercial division. Malawi News Agency reports that AGCOM National Project Coordinator, Dr. Ted Nankhumwa said the project aims at commercialising the subsistence orientation among…

Rwanda set to triple fish production by 2024 as production increases

RWANDA – The Rwanda Agriculture Board (RAB) has said that the annual fish production is set to hit 112,000 tonnes by 2024 following the country’s fourth strategic plan for agriculture transformation which runs from 2018/2019 to 2024 ,reports New Times Rwanda According to the data releases by RAB, the country’s annual fish production increased from…

Rwanda’s cassava miller unveils plans to increase production

RWANDA – Kinazi Cassava Plant Limited, a cassava flour and starch processing plant in Rwanda, has unveiled its plans to increase its cassava processing capacity from 5500 tonnes to 28 000 tonnes this year, reports New Times Rwanda. Emile Nsanzabaganwa, the Chief Executive Officer Kinazi, said that the increased local production of cassava has also…

Café Africa collaborates with Tanzania government to boost coffee production

TANZANIA - Café Africa has joined hands with the Tanzanian government and the Agricultural Non-State Actors Forum (ANSAF) on efforts to boost coffee production and re-position the produce as the leading export crop, reports The Citizen. Spearheading the initiative, Café Africa, which was established to uplift the vision of Africa coffee sector mainly by conducting…

Palsgaard takes step towards carbon-neutral production with solar panels activations

DENMARK - Danish emulsifier company Palsgaard has taken a step towards carbon-neutral production with the activation of 840 solar panels at its Dutch factory, as the new solar panels will further reduce its need for external sources of electricity. According to the company, it has continued to use fossil fuels at the factory, CO2 emissions…

One Water bottler to triple capacity with two new plastic bottles and caps plants

ETHIOPIA - Mogle Bottled Water Manufacturing, Ethiopia’s bottler of One Water brand plans to triple its production capacity and unveil two facilities for the manufacture of plastic bottles and caps. An Addis Fortune report indicates that the expansion will enable the company bottle 96,000 bottles of water an hour, up from the current 32,000 bottles.…

Federal Agency inks deal to construct 25 silos for wheat and teff value chain

ETHIOPIA – The Federal Cooperative Agency has signed a Memorandum of Understanding with the heads of regional cooperatives to construct 25 silos to be used by agricultural cooperative unions involved in teff and wheat value chain in four regional states. The bid aims to alleviate the shortage of warehouses and help cooperative unions with a reliable…

EXIM Bank Tanzania commits investment to support cashew farmers

TANZANIA - EXIM Bank Tanzania has pledged to support cashew farmers in Mtwara, Tanzania with US$87,328.00 investment meant to enhance productivity in the industry during 2018 season. According to Daily News, the move is geared towards improving the livelihoods of farmers given that the sector has witnessed significant growth in production and sale prices. The…

Cargill launches a farm-based program raising food starch sustainability across Europe

BELGIUM – Cargill, has committed to source waxy corn 100 percent sustainably from European farmers, in an effort to support farmers to continuously improve their practices and reduce their impact on the environment in corn growing areas. According to the company, it has developed the Waxy Corn Promise program, leveraging the strong partnerships between Cargill,…

AB InBev reports 11% loss of shares in third-quarter sales of 2018

USA – AB InBev, a multinational drink and brewing holdings company, has reported a 11% loss in shares in third quarter sales results 2018, with 50% dividend cuts as it pays down 2016 SABMiller acquisition. The world’s largest brewer Anheuser-Busch InBev has cut its dividend in half and reported weak third-quarter profits hit by slower…