Speakers specialized in trade and agriculture discussed on Wednesday the importance of cooperation with Morocco in a webinar that focused on the theme “Morocco-Brazil: Agro-industry Connects Continents.
It has been revealed during the Pakistan-Tanzania business conference that Pakistan’s exports to Tanzania reached $69.8 million during the 2019/20 financial year while the South Asian nation imported goods and services valued at $85 million from the East African nation.
Russian state-controlled grain trader United Grain Company, which has transformed itself into a big exporter within a year, is eyeing trade with Algeria and aiming to boost sales to Bangladesh while maintaining sales to Egypt’s state buyer this season
Afreximbank has accredited a US$400mn world credit score facility settlement for the Export Buying and selling Group (ETG), built-in agricultural conglomerates in Africa, this will deal with main bottlenecks confronted by African agricultural exporters
The US has provided over $1bn in aid to improve Egypt’s productivity and agricultural marketability as part of the partnership between the two countries, according to US Ambassador to Egypt, Jonathan Cohen.
The Minister of Agriculture and Rural Development said the rice production drive as championed by President Muhammadu Buhari administration has triggered off massive industrialization with the springing up of countless rice milling facilities across the country generating tremendous job opportunities down the rice value chain
Zeder's subsidiary, Zaad Holdings Proprietary Limited has concluded an agreement to establish a joint venture in South Africa dedicated to field seeds, this JV groups together all the South African field seed activities of Klein Karoo Seed, Vilmorin & Cie and Seed Co. The Joint Venture is called Limagrain Zaad South Africa Proprietary Limited and is controlled by Vilmorin & Cie
The Central Bank of Nigeria will henceforth bear the loss burden of farmers in its Anchor Borrowers Program by 50%, as food crisis escalates in Nigeria, spurred by the worst dry season in 5 years. The policy shift and urgency to share risks with farmers resulted from the bank’s resolve to bolster food sufficiency in the country.
The government has become a partner in the Poultry Sector Master Plan, which was drawn up in November last year. The other stakeholders include poultry producers, processors, exporters, importers and labor. The aim is to grow the demand for chicken and also to increase the exports of cooked and raw chicken products.
Brits normally consume two-fifths of the world's supply of the drink, but the virus has caused demand from pubs and restaurants to plummet meaning next year prices could spike. Farmers could be hard-pressed to find an alternative use for their crops with concerns that their efforts will go to waste this year
With the market flush with fresh produce, buyers are offering only a fraction of the usual price, if they are buying at all. Farmers in Kirinyaga County say they are stuck with more produce than they can sell, as early rains and the financial pain of Covid-19 prompt more people to take to the fields.
The mobile laboratory is the brainchild of the Council for Scientific and Industrial Research (CSIR), in collaboration with Mobile Agricultural Skills and Development Training (MASDT), plans are underway to optimize the MASDT mobile facility prototype over a period of three years
AFEX, has disclosed plans to introduce Warehouse Receipt Check by Trade Finance Market, TFM, to reduce fraud and drive access to funding for the agricultural sector in Nigeria. As each warehouse receipt is encrypted and stored on the blockchain, funders are able to check if a receipt has previously been financed, thus avoiding a problem that has globally cost the industry over $1 trillion.
The Egyptian government is carrying out a key program of issuing electronic smart cards to farmers nationwide with the aim of eliminating administrative corruption, ensuring the distribution of subsidies to right recipients, and digitalizing the agricultural sector.
INFOMINEO RESOURCES
A highlight of some of our resources to expand your knowledge on Africa and the Middle East.
Environmental Social and Governance (ESG) investing has taken the center stage in finance. Investors have been increasingly pouring money into ESG funds, and asset managers have taken notice and responded to this trend by embracing ESG factors within their strategies to attract more inflows, balancing ESG requirements with traditional risk and reward considerations.
Land reforms have been a thorny issue in Africa since the independence periods. Many countries, including South Africa and Nigeria, are still trying to navigate the complex matter of land rights, land reorganization, and the proper way to distribute agricultural land based on historic and socio-economic considerations.
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