World Bank backs Kenyan Climate Smart Agriculture project with funding

KENYA – The World Bank has issued over ksh. 40 million (US$ 396, 738) financing to Laikipia County, North-West of Kenya to facilitate the Climate Smart Agriculture programme aimed at empowering rural farmers on climate […]

LIBA to invest US$157.9m to boost food production on commercial scale

LIBERIA – The Liberia Business Association (LIBA), the umbrella Association for all indigenous Liberian business owners has announced that it will invest U.S.$157.9 Million in collaboration with other Liberian institutions in the food production sector […]

Ecobank partners with financial institutions to increase loans to farmers

NIGERIA – Ecobank Nigeria Limited has said that it is partnering with financial institutions in Nigeria to double the amount of credit it provides to the agricultural sector over the next two/three years. The financial […]

Danone and Microsoft partner to accelerate adoption of AI in the food industry

FRANCE – Danone and Microsoft have partnered in an artificial intelligence (AI) program dubbed ‘AI Factory For AgriFood’ that seeks to support sustainable food and regenerative agriculture in France. The AI Factory For AgriFood is […]

Malawi launches US$95m Agriculture Commercialization Project

MALAWI – The President of Malawi has officially launched the Agriculture Commercialization Project (AGCOM) worth US$95 million with financing from the World Bank. The project which is set to run for six years nation-wide, will […]

The Kenyan Cabinet approves US$29.5m Cherry Advance Revolving Fund regulations to boost coffee production

KENYA – The Kenyan government has approved Kshs. 3 Billion (US$29.5m) Cherry Advance Revolving Fund regulations to boost coffee farming in the country. The government has established the Rules and Regulations titled “The Public Finance […]

Malawi Agricultural and Industrial Investment Corporation launched

MALAWI – The newly established Malawi Agricultural and Industrial Investment Corporation (MAIIC) is now in full force to drive private sector led economic development in the country. MAIIC chief executive officer, Taziona Chaponda said during […]

FMO invests US$7.5m in ARAF to support climate smart agriculture

AFRICA – Dutch development bank FMO has invested US$7.5m in the Acumen Resilient Agriculture Fund (ARAF) to support the provision of climate resilience solutions to smallholder farmers in East and West Africa. Globally, there are […]

Kenyan agribusiness firms receive US$4.48m from the AgriFI challenge fund

KENYA – AgriFI, an EU-funded blending facility has awarded eight Kenyan based small scale agribusiness enterprises ksh.460m (US$4.48m) to support their business expansion and create new employment opportunities. The agri-business firms that benefitted through the […]