No fewer than 1,260,000 smallholder farmers in rural Kano are expected to benefit from the Agro-Pastoral Development Project, an Islamic Development Bank-supported project. The project is targeted to attract $95 million investment to transform the fortune of the farmers.
The South African financial services firm , Ecsponent, is furthering its grip in the local market as it expands from the financial sector, this time around acquiring a business involved in agriculture, with sector expected to get a boost from government massive subsidies.
The Kemfsed project will be rolled out this year, it involves $100 million funding meant to support the Kenya Marine Fisheries and Socio-Economic Development (Kemfsed) project so as to attain maximum and sustainable economic benefits from coastal and marine resources.
The processing plant that covers a land area of 50,000 square meters will have a capacity of handling 500 metric tons of oilseeds to produce 600,000 liters of eatable oil in a day. It is estimated to save 25 per cent of the nation’s foreign currency expenditure for oil.
15 trillion rials (about $357.1 million) has been invested in the field of agricultural machinery since the beginning of the current Iranian calendar year, with 95% of the country’s required agricultural machinery is supplied by domestic producers.
Nigeria’s closed its borders with Benin in August in a bid to stop the smuggling of food and other goods. The country’s customs service has said that the closure will last until at least the end of January, while the closure is seen as an obstacle to the implementation of Africa’s free trade agreement
The U.S. Department of Agriculture is recruiting interested U.S. exporters for its first 2020 trade mission, which will take place in Casablanca, Morocco, March 16-19. The mission will focus on boosting U.S. agricultural exports to all of North Africa.
Morocco’s government approved on Thursday a decree to suspend 35% customs duty on soft wheat from Jan. 2 to April 30 to ensure a regular supply and avert price hikes on the domestic market.
The government plans to spend 14.6 billion dirhams ($1.52 billion) on subsidies of wheat prices along with sugar and cooking gas in 2020.
Fourteen firms ranging from gin distillers to chocolate producers are joining Norfolk & Suffolk Unlimited's inward investment and business growth team to exhibit at Horecava, one of the largest trade shows of its kind on the continent. Agri-food is one of the key sectors highlighted by the campaign, along with clean energy and ICT/digital.
Tilray, Inc. a Portuguese pioneer in cannabis research, cultivation, production and distribution announced it has entered into a strategic agreement with Canndoc to export a wholesale shipment of up to 2.5 tonnes of medical cannabis from Portugal to Israel. The shipment marks the first medical cannabis import allowed into Israel.
FAO in cooperation with the National Food Safety Authority (NFSA), Egyptian Organization For Standards & Quality (EOS), Codex Alimentarius, are implementing a project titled “Enhancement of Egypt’s food trade capacities through an Improved Control System”. The aim of the new project is to strengthen Egypt’s food control system, ensure food safety.
The UN’s International Fund for Agricultural Development (IFAD) on Wednesday inaugurated its liaison office in Riyadh, The office will play a lead role in strengthening IFAD’s partnerships with the states of the Gulf Cooperation Council (GCC), their institutions, private companies, foundations and research centers, It will also raise awareness of the importance of investing in smallholder agriculture to reduce hunger and poverty.
World's first commercial-scale tomato indoor farm using only LED lights to grow fresh tomatoes will begin operation in Abu Dhabi later this year. Madar Farms partnered with Certhon, Inno-3B, and Signify to operate the 5,000 square metre facility currently under construction at Khalifa Industrial Zone Abu Dhabi (KIZAD)
INFOMINEO RESOURCES
A highlight of some of our resources to expand your knowledge on Africa and the Middle East.
The client asked Infomineo to assess the market opportunity of agricultural fencing in the 5 key African countries after identifying them, with a view on the current situation and the drivers of evolution in the industry.
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.
INFOMINEO
Infomineo is a data and research service provider, that specializes in Africa and the Middle East, dedicated to supporting global companies in getting access to information that powers their investment decisions in the region. Through a direct presence in key markets such as the UAE, South Africa, Kenya, Egypt and Morocco, Infomineo provides a quick access to market data on key questions such as: market and product prioritization, partner identification, commercial due diligence, route to market, supply chain mapping and competitive analysis among others. Along with conductingCustom Research for clients, Infomineo also delivers an Expert Network service and a Business Translation service.
INFOMINEO, Value added business research, Casablanca, Morocco