NIRSAL secures US$12.48m funding to finance Nigeria’s agriculture sector

NIGERIA – The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has secured a total of US$12.48 million (N4.5bn) from four deposit money banks to boost cereal production in the country. According to a […]

Heritage Bank partners NIRSAL to boost agriculture financing in Nigeria

NIGERIA – The Heritage Bank Plc has partnered with the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) in a bid to improve the agriculture value chain though increasing financing to the sector. […]

Kellogg backs US moringa brand Kuli Kuli in US$5m financing round

USA – The Kellogg Company, through its venture capital fund, eighteen94 capital and Griffith Foods have led US$5m Series B financing in Kuli Kuli Inc., a California based maker of Moringa nutrition bars and powders. […]

Kellogg reports 4.2% growth in sales as restructuring costs bite in the Q4

USA – The Kellogg Company has posted 5.4% rise in sales growth for the year 2018 even as the fourth quarter continued to feel the impact of the costs of ongoing restructuring at the company. […]

Tea and horticulture remain Kenya’s top export earners

KENYA – Tea remained the top export earner at US$31.9 million followed by horticulture at US$30.4 during the July-September 2018 period, reports The Citizen. However, this is despite a drop in tea earnings which according […]

Ardent Mills posts rise in income in the second quarter

USA – Ardent Mills LLC has posted improved income and financial results in the second quarter following a weak first quarter, based on a Securities Exchange Commission filing by Conagra Brands, Inc. According to the […]

Fonterra revises milk price forecast with revenues falling 4% in Q1

NEW ZEALAND – The New Zealand dairy giant, Fonterra’s revenue decreased by 4% to US$2.60 billion (NZ$3.8 billion) in the first quarter and has revised its 2018/19 forecast Farmgate Milk Price range to US$4.12 – […]

South Africa’s Kaap Agri revenue rises 8% as wheat business pays

  SOUTH AFRICA – South Africa’s agricultural retailing and service company, Kaap Agri has recorded an 8% increase in revenues to US$477 million arising from a remarkable increase in its important wheat business, reports Business […]

Starbuck’s Taste Holdings revenue falls 3% to US$34m in the half year

SOUTH AFRICA – Taste Holding, the South African operator of Starbucks has incurred an operating loss of US$6.37 million and revenue dropped 3% to US$34.33 million for the half-year to End-August, impacted by strained consumer […]

Hindustan Coca-Cola posts 4% decline in revenues as it focuses on investments

INDIA – Hindustan Coca-Cola Beverages (HCCB), the bottling partner of Coca-Cola India has said that revenues for the year ended March 2018 fell 4% to US$1.28 billion as it embarks on investments for strong, stable […]