MTN Foundation commissions new palm oil processing plant in Ghana

GHANA – The Mobile Telecommunications Network (MTN) Foundation, the economic empowerment arm of the mobile network provider, has commissioned GH¢740,000.00 (US$143571) palm oil processing plant in Ashanti Region, Ghana. The oil palm processing facility is aimed at empowering palm-oil dependent communities in the region by facilitating higher returns on their investments. According to a Ghana…

Ghanaian association launches out-grower scheme to promote sustainable oil palm industry

GHANA - The Artisanal Palm Oil Millers and Out-grower Association Ghana, has launched a one million oil palm seedling projects that aims to promote sustainability in the industry. Dubbed as “Promoting a Sustainable Oil Palm Industry”, the scheme also aims at increasing the contribution of the oil palm industry to the country’s economy in its…

IDC Zambia launches palm out-grower scheme to boost local capacity

ZAMBIA – Industrial Development Group of Zambia (IDC), which controls the majority stake at ZamPalm Ltd, has launched palm out grower scheme as part company’s ambitions to boost palm oil production capacity in the country. Speaking during the launch of the out-grower scheme, Mr Mateyo Kaluba IDC Group Chief Executive Officer said that the firm…

Solidaridad implements initiative to boost cocoa and palm oil production

SIERRA LEONE - The social and ecological development network Solidaridad is working on two projects with an aim of improving cocoa and palm oil production in Sierra Leone. According to the Concord, the successful implementation of phase two of the Sustainable West African Palm Oil Programme (SWAPP) and the Cocoa Rehabilitation and Intensification Programme (CORIP)…

National Microfinance Bank to finance palm oil cultivation to cut on imports

TANZANIA - The National Microfinance Bank of Tanzania has ventured into financing palm oil cultivation with an aim to increase production as well as cover deficit met through imports. Daily News reports that the bank is expected to partner with the Tanzania Agricultural Development Bank Limited (TADB) in boosting palm oil production in Kigoma Region.…

COMESA to mediate milk and palm oil trade dispute between Kenya and Zambia

KENYA - Common Market for Eastern and Southern Africa (COMESA) plans to mediate a trade dispute between Kenya and Zambia over long-standing barrier on milk and palm oil exports, reports Lusaka Times. Speaking to journalists in the capital Nairobi, COMESA Director for Trade Customs Francis Mageni said Zambia has prevented milk and palm oil exports…

Palm oil plantations across Africa forecast to rise as demand increases, study says

AFRICA - A new study forecasts a rise in palm oil plantations across Africa as the global demand for the commodity continues to grow, as the continent offers the low-lying tropical ecosystems palm oil prefers, hence an opportunity for businesses and local farmers to generate income. According to FoodingredientsFirst, lessons learned from Southeast Asia, where…

Agriculture bank to provide affordable loans for improved palm oil production

TANZANIA - Tanzania Agriculture Development Bank (TADB) has pledged to provide affordable loans to small-scale farmers with a focus on enhancing palm farming and production of edible oil in the country, reports Daily News. The loans are meant to meet farming costs and increase palm oil availability by supporting production of quality oil palm seeds.…

RSPO reinstates Nestlé’s certificates and membership status

ASIA - The Roundtable on Sustainable Palm Oil (RSPO) has reinstated Nestlé S.A.’s membership following the submission of its time-bound action plan to achieve 100% RSPO certified sustainable palm oil by 2023. Nestle earlier in June had its membership of the industry watchdog RSPO suspended as the Swiss food group had failed to submit a report detailing…

Nestle’s membership suspended for failure to submit palm oil sustainability report

ASIA – Nestle, a Swiss transnational food and drink company, had its membership of industry watchdog the Roundtable on Sustainable Palm Oil (RSPO) suspended as the Swiss food group when it failed to submit a report detailing how it would ensure the use of certified sustainable palm oil, the RSPO said. According to Reuters, the…