AgDevCo expands portfolio to develop banana industry in Mozambique

MOZAMBIQUE – Social impact investor AgDevCo has announced its latest investment in Mozambique’s agribusiness sector. The UK-based social impact investor has closed a US$3 million debt investment in Quinta da Bela Vista Limitada (QBV), an irrigated banana estate located in the Boane area in Mozambique. QBV was established in 2016 as a joint venture between Silverstreet Capital’s Silverlands I Fund and Crookes Brothers Limited and currently comprises 128ha of irrigated bananas. The company’s strategy is to expand the operation to 260ha over the next two years. “AgDevCo’s funding of QBV…

Read More

IITA to establish fifth Alflasafe production facility in Mozambique, heightening fight against aflatoxin contamination

MOZAMBIQUE – The International Institute of Tropical Agriculture (IITA), has signed a Technology Transfer and Licensing Agreement (TTLA) with Mozambique’s AflaLivre Moçambique S.A., to manufacture and distribute Aflasafe in the country. Aflasafe, is a natural product used to reduce aflatoxin contamination in human food and animal feed. The technology was developed by IITA in collaboration with the United States Agency for International Development (USAID), United States Department of Agriculture (USDA), Bill and Melinda Gates Foundation, and different National research organizations. As part of the new partnership, an Aflasafe factory will…

Read More

AfDB, Italian Technical Cooperation Fund extend US$1.18m grant to boost agriculture value chains in Mozambique

MOZAMBIQUE – The African Development Bank (AfDB), with financing from the Italian Technical Cooperation Fund, has provided a €990,000 (US$1.18 million) grant to help smaller agro-processing enterprises in Mozambique boost production and quality control. The project will enable the businesses to better tap into national and regional markets and capitalize on the opportunities created by the African Continental Free Trade Area (AfCFTA). The Confederation of Business Associations of Mozambique is the implementing agency. “We are pleased to receive this grant from the African Development Bank and the Italian Technical Cooperation…

Read More

Mozambique, IFAD launch US$49m aquaculture project to boost sector

MOZAMBIQUE – Mozambique has partnered with the International Fund for Agricultural Development (IFAD), to launch an aquaculture projected aimed to support more than 88,000 rural small-scale fish farmers. The PRODAPE project, worth US$49m, targets to support the transition of the aquaculture sector from subsistence to commercial production, underpinned by the involvement of small-scale farmers, particularly women and unemployed young people ready to embrace aquapreneurship. Through this, the initiative will play a crucial role in the socio-economic development of the country and improve nutrition, food security, and increase production and incomes.…

Read More

Mozambique’s Bananalândia Group eyes bigger banana export market, opening US$20m processing unit

MOZAMBIQUE – Bananalândia Group, a major producer and exporter of bananas in Mozambique has inaugurated its new US$20 million production and processing unit in Maputo province, South of the country. The new unit according to Club of Mozambique, uses modern equipment to plant banana palms and occupies an area of 900 hectares. It currently employs 1,000 workers, with an annual production capacity of 3.5 million boxes for export, reinforcing Mozambique’s lead position in the regional banana market. Over the last decade, much has been done to make the country a…

Read More

AB InBev officially cuts ribbon to fourth brewery in Mozambique worth US$180m

MOZAMBIQUE – Anheuser-Busch InBev (AB InBev), the world’s largest beer producer through its Mozambican subsidiary Cervejas de Mocambique (CDM), has officially inaugurated its new US$180 million brewery. The new processing facility was opened by the President of the Republic, Filipe Nyusi who graced the occasion. According to reports by Reuters, the new site has a production capacity of 2.4 million hectolitres per year, with potential to expand that to 6.7 million hl. It has a filling line with the capacity to produce 80,000 bottles per hour. CDM claims that the…

Read More

Mozambique to exports 200,000 tonnes of pigeon peas to India half of the set import quota

MOZAMBIQUE – Mozambique has inked a trade agreement with the government of India to export 200,000 tonnes of pigeon peas to the Asian country over the next five years. This was revealed by the outgoing Indian ambassador, Rajeev Kumar who stated that the Indian government had sent a proposal via the Foreign Ministry to import the stated amounts, and the Agriculture Ministry has accepted it. The export of pigeon peas to India arose as the result of a memorandum of understanding signed during the visit of the Indian Prime Minister…

Read More

WFP seeks US$132m to deliver food to over 750,000 vulnerable people in Mozambique

MOZAMBIQUE – The United Nations World Food Programme is in urgent need of US$132.4 million to be channelled in offering humanitarian food assistance in the next 12 months to the 750,000 people affected by the conflicts in nothern Mozambique. WFP is currently assisting up to 400,000 people in the country with an in-kind monthly family food basket of 50 kg of cereals, 5 liters of oil and 10 kg of dried beans and lentils. The humanitarian organization also provides cash-based assistance where local markets are functioning, allowing families to choose…

Read More

Mozambique, IFAD launch US$72.5m agri-food value chain development programme

MOZAMBIQUE – The Government of Mozambique and the International Fund for Agricultural Development (IFAD) officially launched the Inclusive Agri-Food Value Chain Development Programme (PROCAVA) to improve rural livelihoods, food security and resilience. PROCAVA is a ten-year programme that builds on the success of the previous IFAD-supported project for Pro-Poor Value Chain Development in the Maputo and Limpopo Corridors. With total funding of US$72.5 million, IFAD is providing an US$8.4 million loan and a US$33.6 million grant for the new project. In addition, the Government of Mozambique is providing US$4.9 million,…

Read More

Mozambique’s Chicoa Fish Farm clinches US$1.5m in Series A funding round led by Goodwell

MOZAMBIQUE – Chicoa Fish Farm, the largest commercial provider of fish in Mozambique has closed its Series A equity funding round totalling US$1.5 million from Goodwell Investments. The vertically integrated aquaculture business, is focused on securing its supply chain through primary production of tilapia, runs a breeding program, and develops fish sales and distribution channels in Mozambique, Malawi, South Africa, and Zambia. According to a report by Tech Moran, Chicoa will utilize the new funding to transition to the next stage of growth i.e. processing and distribution of frozen tilapia…

Read More