South African government avails US$65.4m grant for small scale farmers

SOUTH AFRICA – South African small scale farmers with an annual turnover of between R20 000 (US$1,000) and R1 million (US$54,500)are set to receive government grants, with application open from April 8 to April 22, […]

Kenyan farmers and traders of fresh produce urged to continue with production

KENYA – Kenya’s President Uhuru Kenyatta has encouraged traders and farmers of fresh produce to continue with their agricultural activities in bid to ensure continued supply of food in the country during these unprecedented times, […]

Agtech startup Pure Harvest Smart Farms secures US$100m funding

UAE – Pure Harvest Smart Farms, a tech-enabled agribusiness stratup in the United Arab Emirates (UAE) has secured a multi-stage investment commitment valued at over US$100 million with Wafra International Investment Company. The capital injection […]

Commercial Bank of Zimbabwe invests US$7.57m in winter wheat production

ZIMBABWE – The Commercial Bank of Zimbabwe (CBZ) and private partners in the country will this year fund the winter wheat production under contract farming by the government to the tune of ZWD 2.74 billion […]

Egypt’s agricultural exports bounce back amidst the global economic constrains

EGYPT – Egypt has exported 68,000 tons of onion since September 2019, with exports of citrus fruits to China recovering and potato exports to European markets improving, according to the Ministry of Agriculture and Land […]

Nafoods Group to invest in new value-added products processing facility

ASIA – IFC-backed Vietnamese agribusiness conglomerate, Nafoods Group has secured a US$5 million funding form the Finnish Fund for International Cooperation to support the company’s expansion plans. Nafoods plans to use the proceeds to set […]

Twiga Foods secures US$5m financing from American development bank

KENYA – Twiga Foods, a Kenyan online food distribution platform has received a US$5 million loan from the United States International Development Finance Corporation (DFC) to improve food security in Kenya. The investment from DFC […]

Jeff Bezos donates US$100m to Feeding America’s COVID-19 Response Fund

USA – Jeff Bezos, the founder and CEO of American multinational e-commerce giant, Amazon, has donated US$100 million to the Feeding America’s COVID-19 Response Fund to support food banks during the COVID-19 pandemic. Feeding America […]

Indonesian agritech firm TaniHub Group raises US$17m to expand operations

INDONESIA – TaniHub Group, one of the leading agritech company’s in Indonesia, has raised US$17 million in a Series A extension round co-led by Openspace Ventures and Intudo Ventures. The round also saw the participation […]

AfDB approves US$1.5m emergency grant to curb desert locusts in Eastern Africa

EASTERN AFRICA – The Board of Directors of the African Development Bank have approved a US$1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of […]