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 […]

Agri-Vie offloads stake in South African abalone farming company to African Pioneer Group

SOUTH AFRICA – EXEO Capital’s Agri-Vie Fund 1, an agribusiness Investment Fund focusing on Sub-Saharan Africa has announced its exit from South Africa’s abalone farming companies, HIK Abalone Farm (HIK). The exit marks the end […]

IFAD pumps US$150m into Kenya’s aquaculture sector to boost production

KENYA – The International Fund for Agricultural Development (IFAD) is implementing a US$150 million (Shs15 billion) aquaculture project in Kenya that seeks to boost fish production in the country. Funded by the IFAD, the eight-year […]

Tanzania, Netherlands sign five-year deal to boost aquaculture and poultry subsectors

TANZANIA – Tanzania has signed a Memorandum of Understanding (MoU) with Netherlands to improve performance of Tanzania’s poultry and aquaculture subsectors. The deal will be implemented over the next five years through a public-private partnership […]

Namibia to invest US$2.64m in aquaculture to boost fishing industry

NAMIBIA – The government of Namibia is set to invest US$2.64 million (N$38 million) to promote marine and inland aquaculture in the country. Bernhard Esau, minister of fisheries in the country said that the investment […]

EU launches US$1.27m aquaculture project in Ghana to enhance growth in the value chain

GHANA – The European Union (EU) in partnership with the local government arms have launched a US$1.27 million Fish for Development Project (FIDEP) in Adentan, Ghana, that seeks to promote growth in the value chain. […]

Cargill to invest US$70m in Thailand’s seafood and poultry in 2 years

ASIA – The American grain and agricultural trading corporation, Cargill has announced that it is committed to invest more than US$70 million in poultry and seafood in Thailand over the next two years. The investment […]

Sino Agro signs MoU with Nortus for an aquaculture facility in Angola

ANGOLA – Sino Agro Food, a China-based US diversified protein food company, has signed a memorandum of understanding (MOU) with Nortus Lda, an Angolan company, for aquaculture development and the construction of an aqua farm […]

Fishing group Sea Harvest to acquire Ladismith Cheese Company for US$36m

SOUTH AFRICA – Fishing Group Sea Harvest plans to diversify its food products portfolio by acquiring a value-adding dairy processing company, Ladismith Cheese for US$36.81 million. With the acquisition, Sea Harvest seeks to boost its […]