Nigeria’s agriculture exports decline 11.5% to US$239.32m in three months

NIGERIA – Nigeria’s agricultural goods exports in the first quarter of 2019 dropped by 11.5% from US$270.45 million (N97.3bn) recorded in the fourth quarter of 2018 to 239.32 million (N86.1bn). According to data from the […]

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 […]

Tanzania’s annual cashew nut sales shrink 63% to US$196.5m

TANZANIA – Tanzania’s total cashew nut sales on the international market dropped 63% to US$196.5 million in 2018, compared with US$529.6 million in the 2017 trading period. Minister for Finance and Economic planning Phillip Mpango, […]

Zimbabwe’s Ariston Holdings sustains growth momentum as revenue increase 50%

ZIMBABWE – Ariston Holdings Limited, a diversified agricultural firm in Zimbabwe, is upbeat of maintaining a growth trajectory in the second half of the current financial year following a 50% growth in revenues for the […]

Kenya to raise US$250m to set up value-addition hubs under industrialisation initiative

KENYA – The government of Kenya is seeking to raise US$250 million (Shs25 billion) through partnership with development partners to facilitate establishment of value-addition hubs for agriculture produce. Mwangi Kiunjuri, the Agriculture Cabinet Secretary, said […]

Foundation unveils five year plan to revive Nigeria’s cocoa sector

NIGERIA – Foundation for Partnership Initiatives in the Niger Delta (PIND) has unveiled a five-year plan to revitalise Nigeria’s cocoa sector aimed at increasing productivity. The Executive Director, Dr. Dara Akala, said that the initiative […]

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 […]

Barry Callebaut, Cameroon intensify collaboration to boost cocoa supply

CAMEROON – Barry Callebaut, a global chocolate and cocoa products manufacturer, and Cameroon have signed a letter of intent to intensify the cooperation on sustainable cocoa farming in the country. The chocolate manufacturer will particularly […]

Government commissions fruit processing factory under industrialization initiative

GHANA – The Ghanaian Government has commissioned an avocado processing factory in Akuapem under government’s One-District-One-Factory industrialization initiative. The Akuapem Gold Agro Processing Limited has a capacity to process six to eight tons of avocado […]

Egypt’s citrus fruits exports rise to 1.22m tons as world’s second exporter

EGYPT – Egypt has exported 1,220,999 million tons of citrus abroad since the beginning of the new export season of fruits and vegetables, according to the ministry of Agriculture in the country, Ahmed al-Attar, the […]