South African government avails US$65.4m grant for small scale farmers

SOUTH AFRICA – South African small scale farmers with an annual turnover of between R20 000 (US$1,000) and R1 million (US$54,500)are set to receive government grants, with application open from April 8 to April 22, […]

Kenyan farmers and traders of fresh produce urged to continue with production

KENYA – Kenya’s President Uhuru Kenyatta has encouraged traders and farmers of fresh produce to continue with their agricultural activities in bid to ensure continued supply of food in the country during these unprecedented times, […]

Twiga Foods secures US$5m financing from American development bank

KENYA – Twiga Foods, a Kenyan online food distribution platform has received a US$5 million loan from the United States International Development Finance Corporation (DFC) to improve food security in Kenya. The investment from DFC […]

Indonesian agritech firm TaniHub Group raises US$17m to expand operations

INDONESIA – TaniHub Group, one of the leading agritech company’s in Indonesia, has raised US$17 million in a Series A extension round co-led by Openspace Ventures and Intudo Ventures. The round also saw the participation […]

Covantis launches as legal entity, announces CEO and executive appointments

SWITZERLAND – Covantis, the industry initiative that aims to modernize global agribusiness trade operations, has announced that it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as […]

ADM unveils new plan to cut greenhouse gas emissions, energy consumption

USA – Multinational agricultural trader and food processor, ADM has advanced its sustainability commitments with new ambitious plan to reduce its absolute global greenhouse gas emissions by 25% and energy intensity by 15% by 2035. […]

Liberian government provides funds to enhance local rice production, processing

LIBERIA – Liberia’s Minister of Finance and Development Planning (MFDP), Samuel D. Tweah Jr., and Agriculture Minister, Madam Jeanine Cooper have signed a Cash Collateral Guarantee agreement with the Afriland Bank to enhance rice production […]

Cameroonian commercial bank BC-PME opens agricultural funding window

CAMEROON – Cameroonian commercial bank for small and mid-size companies, Banque camerounaise des petites et moyennes entreprises (BC-PME) recently opened an agricultural financing window. The window was opened following an agreement signed with Agence des PME, […]

South African government offers buffer to the agriculture industry with US$68.4m financing

SOUTH AFRICA – The department of agriculture of South Africa has set aside a package of R1.2bn (US$68.4m) to address effects of the coronavirus and ensure sustainable food production after the pandemic. Speaking during a […]

Tanzanian company to undertake US$10.3m diary and aquaculture project

TANZANIA – KARAGWE Development Public Company Limited (KADERES-PLC) in Tanzania is finalizing plans to commence a diary and aquaculture project in Missenyi Ditsrict, North Tanzania by injecting capital of Tzs24 billion (US$10.3m). Kaderes Managing Director, […]