Nigeria to partner with AfDB to promote development of agro-industrial zones

NIGERIA – The African Development Bank (AfDB) says it will partner with the Federal Ministry of Agriculture and Rural Development to promote the special agro-industrial processing zones targeted at increasing food production capacity and promoting […]

Zimbabwe’s private, public sector collaborate in boosting grain production

ZIMBABWE – PHI Commodities, subsidiary of National Foods Limited has committed to fund over 20 000 hectares of both maize and wheat production under contract farming during the 2019/2020 summer cropping season. This is in […]

Tanzania Agricultural Development Bank supports agricultural initiative with US$4.9m investment

TANZANIA – State-owned Tanzania Agricultural Development Bank (TADB) has reaffirmed its commitment to increase funding for irrigation schemes by dishing out loans amounting to 11.48bn/- (US$4.9m) for various projects countrywide. The regions that have so […]

IRRI develops sustainable agricultural technologies to bolster production in Asia

ASIA – The International Rice Research Institute (IRRI) and the Asian Development Bank (ADB) are pursuing ways to increase investment for sustainable agricultural technologies. IRRI and ADB have completed a technical assistance project to help […]

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. […]

AGCO partners with Equity Bank to bolster agriculture mechanization in Kenya

KENYA – AGCO, US-based agricultural equipment manufacturer has inked a deal with Equity Bank to enable farmer in Kenya acquire the firm’s Massey Ferguson tractors and accompanying implements via a 80 percent credit line payable […]

Zimbabwean government approves US$51m agriculture mechanization deal

ZIMBABWE – The government of Zimbabwe has approved a US$51 million farm equipment deal with John Deere for the supply of agricultural mechanisation equipment, to boost the Farm Mechanisation Programme. The loan arrangement will be […]

Kenya Partners South Korea on agricultural project to boost productivity

KENYA – The government of Kenya has partnered with South Korea on an agricultural mechanisation project that seeks to increase productivity. The governments will work jointly under the Korea Africa Food and Agricultural Corporation Initiative […]