Agribusiness trade modernization initiative advances with new project name, Covantis

USA – The founding members of the industry-wide initiative to modernize global trade operations; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture have announced its new project name, Covantis. The initiative has […]

Mars partners with USAID to improve resilience in agricultural supply chains

USA – American confectionery giant, Mars Incorporated has formalized its partnership with the United States Agency for International Development (USAID), in joint efforts to improve economic opportunity and resilience in agricultural supply chains. The partnership […]

FAO receives US$15m to support research in food security and nutrition

CHINA – The Food and Agriculture Organization of the United Nations (FAO) has received CNY100 million ($15 million) donation from the Ningxia Yanbao Charity Foundation. FOA said the donation will be used to establish a […]

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 […]

Wilbur-Ellis acquires Nachurs Alpine to expand agricultural product offerings in North America

USA – Wilbur-Ellis, a leading international marketer and distributor of agricultural products and animal nutrients has acquired North American specialty liquids chemical manufacturer, Nachurs Alpine Solutions (NAS). NAS has diversified operations organized into six business […]

African Development Bank lends Congo US$80.75m to set up agricultural value chains

CONGO – The Board of Directors of the African Development Bank have approved a loan of US$80.75 million for the Republic of Congo to set up agricultural value chains for the benefit of more than […]

Ethiopia secures US$451m in funding to help farmers adopt to climate change

ETHIOPIA – International Fund for Agricultural Development (IFAD) and Ethiopia have signed an agreement to fund the Lowlands Livelihood Resilience Project by injecting US$451m funded through a combination of debt and grant. The financing agreement […]

BASF invests US$4m in Latin American agritech startups focused fund AgVentures II

BRAZIL – BASF Venture Capital, the investment arm of German agribusiness company BASF, has committed to invest US$4 million in the Brazilian fund AgVentures II, marking BASF Venture Capital’s first investment in Brazil. Managed by […]

Indoor farming startup Bowery Farming raises US$50m in funding

USA – New York-based indoor farming startup, Bowery Farming Inc has raised US$50 million in funding in an extension of its Series B round. The funding was led by Singapore state investor Temasek with participation […]