Ghana acquires US$188m loan facility for Agricultural mechanization

GHANA – The government of Ghana through the Ministry of Food and Agriculture has secured loan facilities of US$150m from India and US$33m from Brazil to enhance agro-processing in the country through purchase of machinery. […]

Co-op Bank Kenya, CFAO launch financing scheme for Agri-Machinery and Equipment

KENYA – Co-operative Bank, a commercial bank in Kenya has penned a joint scheme with CFAO Kenya Ltd formally known as Toyota Tsusho East Africa Ltd, to enable farmers and agricultural co-operative societies get up […]

ITFC and OCP Africa sign pact to increase agriculture production in Africa

AFRICA – The International Islamic Trade Finance Corporation, member of the Islamic Development Bank Group and OCP Africa, a subsidiary of OCP SA, have signed a Memorandum of Understanding (MoU) focusing on strategic funding, innovation […]

Olam International successfully completes US$1.5bn debt refinancing

SINGAPORE – Global food and agri-business Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd, have secured a multi-tranche revolving credit facility aggregating US$1.525 billion. The Facility consists of three tranches; a […]

Paine Schwartz Partners closes US$1.4bn food and agribusiness focused fund

USA – Paine Schwartz Partners, a private equity firm focused on sustainable food chain investments, has closed its food and agribusiness-focused Fund V at US$1.425 billion, exceeding its original target. The Paine Schwartz Food Chain […]

AGCO partners with the Benin government in establishing a new Agri-Park project

BENIN – AGCO a worldwide manufacturer and distributor of agricultural equipment and solutions has signed a Memorandum of Understanding (MOU) with the investment arm of Benin, the Agency for Promotion of Investments and Exports (APIEX), […]

Saudi Arabia outlines next phase of flour mills privatization

SAUDI ARABIA – Saudi Grains Organization (SAGO), the state grain buyer has stated that it will begin the next phase of the sale of its flour mills within days in a privatization move. According to […]

FAO, Nigeria launch report on sustainable livestock development to stimulate growth

NIGERIA – The Food and Agriculture Organisation of the United Nations (FAO) in partnership with the Nigerian government has launched the report on African Sustainable Livestock (ASL) 2050. Speaking during the launch in Abuja, the […]

Tanzanian government unveils plans of re-branding livestock company

TANZANIA – The government of Tanzania has unveiled plans of rebranding the National Ranching Company Limited (NARCO), the producers of Kongwa Beef, in a bid to strengthen its operations. The decision targets to transform NARCO […]