Benin welcomes new investments in cashew, wheat processing aimed to boost local economy

BENIN – Henry Simon Milling, a leading global provider of intelligent milling products and service has built and delivered a new flour mill for Grands Moulins du Benin (GMB) in Benin. All of the new mill’s equipment was supplied and built by Henry Simon Milling on a turnkey basis including the process design, manufacturing, project management, and installation services. The new production line has a daily production capacity of 200 tonnes, processing imported hard, semi-hard, and soft wheat to produce bakery flour for distribution within Benin and neighbouring countries. The…

Read More

OPEC Fund extends US$25 million credit facility to boost regional agricultural integration in Benin, Togo

WEST AFRICA – The OPEC Fund for International Development has signed loan agreements with the governments of Benin (US$15 million) and Togo (US$10 million) to support the Regional Program for the Integration of Agricultural Markets (PRIMA). The Program’s objective is to strengthen the agriculture and trade sectors to sustainably increase the income and food security of rural households. OPEC Fund’s loan will contribute to finance components of the coordinated regional program PRIMA in Benin and Togo, and is co-financed by the International Fund for Agricultural Development (IFAD) and the governments…

Read More

West Africa to earn US$1.5 billion from sale of cashew, spearheaded by new USDA, TechnoServe programs

WEST AFRICA – TechchnoServe, an international non-profit organization has received two grants from the U.S. Department of Agriculture (USDA) to support the development of the cashew sector in Benin, Côte d’Ivoire, Ghana, and Nigeria. The support will enable the expansion of the BeninCajù project in Benin and launch of the new Prosper Cashew program in Côte d’Ivoire, Ghana, and Nigeria, which will help drive change across this important value chain, benefitting thousands of farmers and others employed in the sector. According to TechnoServe, the five-year Promoting Opportunities for Cashew Processing…

Read More

TechnoServe promotes smart-cashew farming in Benin leveraging on Artificial Intelligence

BENIN – TechchnoServe, an international non-profit organization has partnered with tech-company Alteia to expand its CajùLab project, which aims to promote adoption of smart agriculture in Benin. The CajùLab project is funded by the Wehubit program of the Belgium Development Agency Enabel and further supported by the United States Department of Agriculture (USDA). Under the partnership according to TechnoServe, the project will focus on cashew production and will leverage on Alteia’s expertise of capturing data, analyze imagery, and deploy AI solutions through the use of drones in a bid to…

Read More

AGCO partners with the Benin government in establishing a new Agri-Park project

BENIN – AGCO a worldwide manufacturer and distributor of agricultural equipment and solutions has signed a Memorandum of Understanding (MOU) with the investment arm of Benin, the Agency for Promotion of Investments and Exports (APIEX), to support the financing, implementation and operation of a 5000-hectare Agri-Park project. AGCO’s objective is to see the development of Agri-Park integrated agricultural centres to assist in the achievement of food security on the African continent The MOU reflects the intent to establish a long-term public-private partnership, which will set the standard for an agricultural…

Read More

Three start ups announced winners of Nestlé Sub-Saharan Africa innovation challenge

AFRICA – Nestlé has announced the winners of the Sub-Saharan Africa innovation challenge that was launched in May 2019 as part of its efforts to contribute to the local innovation ecosystem. Selected from among a highly competitive group of 174 submissions from 27 different countries across Africa, Shopit from South Africa, Exportunity from Benin and Wakulima from Tanzania were emerged as winners. The goal of the challenge was to work collaboratively with start-ups and universities to identify sustainable and scalable science and technology solutions. The innovation challenge focused on four areas: affordable nutrition,…

Read More