Ghanaian horticulture exporter Maphlix Trust receives financing from Impact investor AV Ventures

GHANA – Maphlix Trust Ghana Limited, a leading producer and exporter of fresh vegetables, roots, tubers, and fruits in Ghana, has clinched a US$700,000 long-term loan from ACDI/VOCA’s financing arm AV Ventures. ACDI/VOCA is U.S. Government’s implementing partner and responds to non-USG official development assistance (ODA) and host country government opportunities, to foster broad-based economic growth, raise living standards, and create vibrant communities. The financing will enable Maphlix acquire new farming equipment that will mechanize production activities, as part of efforts to modernize production for enhanced operational efficiencies. It will…

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AAK partners Mars, NGOs and impact investor to undertake decade-long sustainable shea initiative in Ghana

GHANA – The global specialist in plant-based oils, AAK, has joined forces with global confectionery, food, and pet care company Mars Incoporated, several leading NGOs, and an impact investment fund to undertake the Women in Shea (WISH) initiative in Ghana. WISH, scheduled to run until 2030, aims to improve the livelihoods of women working in Ghana’s shea supply chain. Stakeholders in the initiative have the common goal to bring economic and social benefits to 13,000 women shea collectors from more than 150 communities in Northern Ghana. It also seeks to…

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Guinness Ghana Limited honors sorghum farmers as Kenya Breweries Limited promotes gender equality

GHANA – Guinness Ghana Breweries Limited, a subsidiary of Diageo Plc has honoured deserving sorghum farmers from the Northern, Upper East, Upper West, and North East Regions of Ghana, at the Sorghum Farmers Recognition Awards. According to the brewery, 18 deserving sorghum farmers, collectors and groups were recognized and took home an assortment of prizes including motorized tricycles, motorcycles, tarpaulins, and products from the company. The initiative forms part of its Local Raw Material (LRM) intervention, which started in 2012 and seeks to use local raw materials in the production…

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Ghana revamps collapsed pineapple juice factory Nano Foods with US$1.6m under 1D1F initiative

GHANA – Ghana has commissioned the revived Nano Foods Limited, a pineapple juice processing factory at Nsawam of the Eastern Region, under the One-District, One-Factory (1D1F) initiative. The fruit processing company, which was formerly known as Astek Refresh Pineapple Juice Factory, ceased operations 21 years ago and resumed manufacturing in April this year. This was made possible through a US$1.6 million capital support from Ghana Export-Import Bank (EXIM Bank) in collaboration with the Ghana Export Promotion Authority, Ghana Investment Promotion Centre, Food and Drugs Authority and Free Zones Board, facilitated…

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Ivory Coast, Ghana strengthens cocoa alliance to safeguard sector priorities

WEST AFRICA – Ivory Coast and Ghana, the two West African nations who together produce more than 60% of the world’s cocoa, have pledged to further strengthen and expand the existing economic relations on cocoa and other related matters between their respective countries. In August 2020, the two countries formed the Ivory Coast-Ghana Cocoa Initiative (ICCIG) aimed to promote their cocoa industries internationally and defend their collective position in the global market. To that end, the two countries are expected to expedite action on the setting up of a permanent…

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U.S. government commits US$19m to sustainably grow Ghana’s agricultural industry

GHANA – The U.S. government has reaffirmed its commitment to assist Ghana improve food security, increase trade and investment flows, and support resilient and inclusive economic growth, through the launch of the U.S. Global Food Security Strategy for Ghana (GFSS) strategy. The GFSS is a five-year, interagency effort that aims to increase agricultural productivity, improve nutrition, and raise household incomes for millions of Ghana’s agricultural workers. The USA through USAID is committing US$19 million to support the initial activity of the initiative, known as Feed the Future Ghana “Mobilizing Finance…

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Guinness Ghana goes green with installation of solar power plant, Diageo’s West African units exhibit stellar performance

WEST AFRICA – Guinness Ghana Breweries has commissioned a solar photovoltaic system on the roof of its brewery in Accra, shifting to use of clean energy in its operations. The 1,095 kWp solar power plant was installed by CrossBoundary Energy, renewable energy expert in the region, reports Afrik21. The solar plant will provide up to 19% of the electricity consumed by the subsidiary of the British Diageo Group, supply 1,500 MWh per year, while avoiding 10,000 tonnes of CO2 emissions. CrossBoundary Energy has signed a power purchase agreement (PPA) with…

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Jumia Ghana names Tolulope George -Yanwah as new CEO

GHANA – Africa’s Leading e-commerce platform, Jumia has announced the appointment of Tolulope George-Yanwah as the new Chief Executive Officer of its Ghana operations. She takes over the leadership from Diana Owusu-Kyereko who was at the helm of the company since January 2020. Tolulope brings a pool of experience; having held other management roles in Jumia such as Country Manager and VP of Jumia Logistics, Last Mile Expansion Manager, and Regional Dispatch Operations Manager. Prior to her appointment, she was the Country Manager for Jumia Logistics in Nigeria from February…

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Ghanaian rice producers increase local out-up by 5% as country rallies towards self-sufficiency

GHANA – Domestic rice production in Ghana is expected to jump by 5% to 600,000 MT in the Marketing Year 2021/22, a rise from the previous year’s estimate of 570,000 MT. The increase in production is attributed to expansion of area put under rice cultivation, in line with the country’s plan of becoming self-sufficient in regards to the crop, indicates USDA in a GAIN report. Rice is grown throughout all regions of Ghana. However, the top five production areas are the Volta, Northern, Upper East, Ashanti, and Western in descending…

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Domino’s Pizza expands global footprint with first store in Ghana

GHANA – Domino’s Pizza Inc. one of the largest pizza companies in the world, is continuing its global growth momentum as it has opened its the first store in Ghana. Residents of Accra can now enjoy hot, made-to-order pizza in-store or delivered to their doorstep by Domino’s master franchisee, Fire Foods Ghana Ltd. “We are excited to partner with Domino’s on bringing this leading and much-loved pizza brand to Ghana’s shores,” said Karan Kapur, executive director of Fire Foods Ghana Ltd. “We are thrilled that Domino’s delicious food, excellent customer…

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