Barry Callebaut achieves traceability of a third of its global cocoa volume

SWITZERLAND – The Swiss cocoa and chocolate company, Barry Callebaut has said that it has established traceability for a third of its global cocoa volume, bringing it closer to achieving its ambitious cocoa sustainability goals. By 2025, the company aims to source 100% of the group’s ingredients sustainably by 2025. This commitment is supported by…

AfDB approves US$23m to support agribusinesses in eight African countries

AFRICA - The African Development Bank (AfDB) through the Board of Directors of the Agriculture Fast Track Fund (AFT) has approved US$23 million grant to support agribusiness Small-and-Medium- sized Enterprises (SMEs) in eight African countries. The fund will be used to finance agribusiness in Ghana, Burkina Faso, Ethiopia, Malawi, Mozambique, Nigeria, Senegal and Tanzania with…

Industrialisation lobby group proposes US$2bn bond to support Ghana’s agriculture sector

GHANA – The Alliance for Development and Industrialization (ADI), an industrialisation advocacy group in Ghana, has tabled a US$2 billion Transformational Commodity Fund (TCF) for the development of a sustainable agriculture sector in Ghana. According to ADI the US$2 billion fund will support the entire sector and adjourning structures such as roads infrastructure at community…

JBS opens new US$20m food innovation center in Colorado, US

USA – Brazilian meat processor, JBS USA has inaugurated a new state-of-the-art food innovation center in Colorado, the United States reinforcing its capabilities in global innovation. Located at Colorado State University (CSU) campus, the new facility is set to give JBS a competitive advantage in culinary research in Colorado, across the US and around the…

Research institution develops new drought-tolerant seed cultivars to boost food security in Ghana

GHANA - The Council for Scientific and Industrial Research – Savannah Agricultural Research Institute (CSIR-SARI) has unveiled new drought-tolerant seed varieties with an aim of improving food security in Ghana. The research institution has developed new maize, rice, soybean, sorghum and groundnut drought-tolerant seed varieties which SARI says their performance has been proven to be…

Ardent Mills to build new US$62m flour mill and grain storage facility in US

USA – Ardent Mills, supplier of flour and specialty products for the bakery industries is set to build a new flour mill and grain storage terminal at Port Tampa Bay, in the state of Florida. According to Tampa Bay Times, the company plans to spend about US$62 million in the construction of the plant which…

Tea Board of India calls for compliance with safety standards to boost quality

INDIA - The Tea Board of India has directed all tea manufacturing units to comply with norms stipulated by the Food Safety and Standards Authority of India (FSSAI) in a bid to boost tea quality. The state agency has called on the manufacturers to get their end product tested in NABL-accredited labs (the National Accreditation…

Tanzania chamber of commerce embarks on efforts to boost cassava sector

TANZANIA- The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) has unveiled plans of setting up a cassava processing plant in Dodoma as part of its commitment in transforming the cassava sector in the country. Additionally, the government agency -whose a mandate is to promote trade and facilitate private-public investments- has also acquired 2,000 acres…

ADM considers voluntary early retirement and job cuts in new restructuring

USA – The American grain giant, Archer Daniels Midland Co (ADM) has announced that it will seek voluntary early retirements for some of its employees in North America as well as job cuts in a new restructuring strategy. According to a Reuters report, the move is expected to strengthen the company’s core business and establish…

IFC invests US$3m in agri-logistics group to expand services in Myanmar

ASIA – The International Finance Corporation, IFC has provided US$3 million loan facility to SLCM Limited, a Delhi-based agri­ logistics group to expand its warehousing services in Myanmar. According to IFC, the credit facility will help the company expand its warehousing services and allied services in the Southeast Asian nation while improving farmers’ livelihoods by…