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…

TransCorp to divest its interest in fruit juice concentrate maker Teragro

NIGERIA - Transnational Corporation of Nigeria (“TransCorp”), the diversified agribusiness firm is planning to divest its stake in its juice concentrate making subsidiary, Teragro Commodities Limited. Beverage Industry news revealed that the decision to divest its interest in the Benue-based agribusiness arm came following a long-term review of its operations in that business, which revealed a…

Government partners with deans of agriculture to establish incubator centres in varsities

NIGERIA- The Federal ministry of Agriculture in collaboration with the Association of Deans of Agriculture in Nigeria (ADAN) are establishing incubation centres across faculties of agriculture in Nigeria, reports the ANA. According to Chairperson of the Association, Professor Folusho David Abraham, the idea of establishing incubation centers in faculties of agriculture was initiated to provide…

Farmers lobby faults grains agency maize price as too low

ZAMBIA - The Zambia National Farmers Union has charged that the recently announced K65 (US$6.50) per 50kg market price offered by the Food Reserve Agency (FRA) is absurd and horrendously low ZNFU President Jervis Zimba has since called for untampered functioning of market conditions and open borders. “We urge government to maintain consistency in the export…

Zambia’s grains reserve agency sets maize buying price

ZAMBIA- The Food Reserve Agency (FRA) will buy a 50-kilogram bag of maize at 65 Kwacha (US$6.5) for the 2018 crop marketing season, a five kwacha (US 50 cents) increase from last year, reports Lusaka Times. FRA Board Chairman Joe Simachela says the price has been arrived at after a wide consultation with stakeholders among…

Kenya Budget 2018: Govt prioritizes agricultural and manufacturing agenda but consumers may have to pay more

KENYA - With a long term goal of ‘creating jobs, transforming lives and sharing prosperity’, the 2018 budget centred at the government’s Big 4 Agenda of growing the contribution of manufacturing GDP from 9% to 15%, but consumers may be required to pay more due to proposed amendments to the VAT Act 2013, considered to…

Davipel Group invests US$12m in snack facilities

ZIMBABWE - Davipel Group of Companies, an agro-processing firm has invested US$12 million to construct two state-of-the-art snack facilities as it builds mileage in snacking, milling and feed production. Launched by President Mnangagwa, the facilities come handy following the government’s control on imports under Statutory Instrument 64 (SI 64) of 2016, a legislation that requires…

World Bank, federal government opens up markets for rice farmers

NIGERIA - The Federal Government of Nigeria in collaboration with the World Bank is opening new market frontiers for rice farmers by linking them with off-takers and aggregators, reported This Day Nigeria. Through the Ministry of Water Resources, the government organised a business forum bringing together rice farmers, off-takers and other value chain actors in…

Morocco to receive US$236m from AfDB to reinforce agricultural value chains

MOROCCO - The Board of Directors of the African Development Bank, Côte d’Ivoire’s multilateral development finance institution has approved US$236 million loan for Agricultural development in Morocco. The funding will finance the Program for Supporting the Inclusive and Sustainable Development of Agricultural Value Chains (PADIDFA) while reinforcing sustainable job creation. The program aims to support…

Kenyan mobile platform that boosts agric sector to showcase at Expo 2020 Dubai

KENYA - Kenyan startup and mobile-driven platform for sourcing fresh agric produce is set to showcase its solutions at the Expo 2020 Dubai, run by organizers of World Expo, an event that introduces the world to innovations including agricultural exhibitions. Selina Wamucii, a GLOBALG.A.P. certified farm sources smallholder fresh produce such as fruits, vegetables, herbs…