Cameroonian commercial bank BC-PME opens agricultural funding window

CAMEROON – Cameroonian commercial bank for small and mid-size companies, Banque camerounaise des petites et moyennes entreprises (BC-PME) recently opened an agricultural financing window. The window was opened following an agreement signed with Agence des PME, […]

South African government offers buffer to the agriculture industry with US$68.4m financing

SOUTH AFRICA – The department of agriculture of South Africa has set aside a package of R1.2bn (US$68.4m) to address effects of the coronavirus and ensure sustainable food production after the pandemic. Speaking during a […]

Musika patners with Kemiko to boost Zambia’s cassava processing sector

ZAMBIA – Musika, a non-profit company with focus on stimulating private investment in the Zambian agricultural sector has signed a Memorandum of Understanding (MoU) with Kemiko ltd, a SME that operates a starch and cassava flour […]

Tanzanian company to undertake US$10.3m diary and aquaculture project

TANZANIA – KARAGWE Development Public Company Limited (KADERES-PLC) in Tanzania is finalizing plans to commence a diary and aquaculture project in Missenyi Ditsrict, North Tanzania by injecting capital of Tzs24 billion (US$10.3m). Kaderes Managing Director, […]

Kenya partners with Microsoft to boost agriculture through technology

KENYA – The Ministry of Agriculture, Livestock, Fisheries and Cooperatives (MALFC) of Kenya has signed a Memorandum of Understanding (MoU) to collaborate with Microsoft to accelerate innovation in the country’s agricultural sector. The MoU will […]

Rwanda in partnership with Howard Buffet inaugurates US$54m irrigation scheme

RWANDA – The Rwandan government, in partnership with American billionaire, Howard Buffet has inaugurated a US$54m irrigation scheme in Nasho Sector of Kirehe District which also consists of a solar power plant with a capacity […]

National Bank of Ethiopia mandates allocation of agricultural loans

ETHIOPIA – National Bank of Ethiopia has issued a directive to banks to allocate five percent of their annual loans to cooperatives, unions and small and micro enterprises in the agricultural sector beginning July 1, […]

Agricultural commodities to significantly boost Nigeria’s US$30bn non-oil export market

NIGERIA – Agricultural exports have been listed among the major revenue generating commodities that have the potential of boosting Nigeria’s revenues from export of non-oil commodities to US$30bn annually. This is according to a recent […]

Kenya sets strategies to boost the agriculture sector with US$428.4m investment

KENYA – The government of Kenya is set to boost the country’s agriculture sector by injecting Sh440 billion (US$428.4m) over the next five years under the Agricultural Sector Transformation and Growth Strategy (ASTGS) 2019-2029. This […]

FMDQ, AFEX to unlock N2.5tn funding for smallholder farmers in Nigeria

NIGERIA – The Financial Market Dealers Exchange and the AFEX Commodities Exchange Limited of Nigeria have signed a Memorandum of Understanding to unlock about N2.5tn funding targeted to support about one million smallholder farmers within […]