Land O’Lakes receives funding for new agric and food safety projects in Africa, Asia

USA - Land O’Lakes Development International, an affiliate company of US based member-owned cooperative, Land O’Lakes has received funding from US non-profits to support new agricultural capacity building and food safety programs in Eastern Europe, Africa, Middle East. The funding from the U.S. Agency for International Development (USAID) and U.S. Department of Agriculture (USDA) will…

Central Bank disburses US$1.68b to farmers under credit facility

NIGERIA - The Central Bank of Nigeria (CBN) has released US$1.68 billion (N615Bn) to farmers as at 20 August 2018 under the Commercial Agriculture Credit Scheme (CACS) since its inception, reports ThisDay Live. The facility was established by the federal government in partnership with the federal Ministry of Agriculture to enhance development of agriculture through…

Zambia restricts maize exports to ensure food security

ZAMBIA - The government of Zambia has unveiled an administrative measure on the export of maize to neighbouring and other countries, a move the Minister of Agriculture Michael Katambo said was to ensure food security in the nation, reports Lusaka Times. According to him, the measure was not a ban but a temporary strategy attributed…

Agricultural Trust disburses US$87m for boosting agric development operations

ZIMBABWE - The Zimbabwe Agricultural Development Trust (ZADT) has provided US$87.5 million towards funding small-holder farmers and agribusinesses as it seeks to boost their operations. The Herald reports the disbursement goes to almost 530,000 beneficiaries, 26% of which are women, something in line with the government’s drive to economically empower women. According to ZADT chief…

Agricultural regulatory body AMA raises US$75m for grain procurement

ZIMBABWE - The Agricultural Marketing Authority (AMA) of Zimbabwe has raised US$75 million for grain procurement, about a month after it issued agro-bills to purchase maize from farmers. A statement from its financial advisor, CBZ Bank said that the authority sought to secure the funds for buying maize through the grain trade and marketing company,…

Parliament approves US$10m Agro-Business financing agreement with IDA

SIERRA LEONE - Members of parliament of the republic of Sierra Leone have approved the US$10 million agro-business financing agreement between the government and the International Development Association, reports Concord. The investment aimed at improving the agro-business sector, will focus on promotion of an enabling environment and reduce the burden and constraints faced by agro-business…

Grain millers receive 30,000 tons of imported wheat to address shortage

ZIMBABWE - Grain Millers Association of Zimbabwe (GMAZ) has received 30,000 tonnes of wheat imported from Germany to address shortage that had seen millers temporarily cease operations, reports the Herald. The move follows foreign payments of wheat stocks by the Reserve Bank of Zimbabwe (RBZ) owed to Holbud’s Lithuanian, who had held the consignments due…

Associated Foods of Zimbabwe implements ISO 22 000 targeting export market

ZIMBABWE - The spreads and nuts company, Associated Foods of Zimbabwe (AFZ) has implemented ISO 22 000 food safety management system to enhance conformity to international standards with an eye on the export market. The certification not only provides assurance of product quality but also gives its Farmgold and Mama’s brands a better competitive edge…

Zimbabwe’s grain deliveries top 1.1m tons as it moves to become food secure

ZIMBABWE - State owned commodity trading enterprise, Grain Marketing Board has received 1.1 million tonnes in maize deliveries from farmers for the 2018 marketing season as the country moves away from grain imports, reports the Herald. According to GMB, maize deliveries were expected to reach 1.2 million tonnes given farmers were still selling their commodities…

Sugar Corporation to inaugurate third sugar factory under US$286m Omo Kuraz Project

ETHIOPIA - Ethiopian Sugar Corporation is set to inaugurate Omo Kuraz Sugar Factory Three on October 14, built with US$286.12 million loan from China Development Bank. According to the state corporation, the new factory will have the capacity of upto a thousand tonnes of sugar per day, producing three types of sugar with modern technology…