Axereal, France’s largest grain cooperative, said it had sealed its previously-announced acquisition of Cargill’s malt business, in a deal which would make Axereal’s Boortmalt unit the world’s leading company in terms of malt production.
The signing ceremony, which was held on Thursday, November 21, 2019, also provided the Tree Crops Extension Project (TCEP) of additional financing in the tune of US$9 million to support the rehabilitation of rural roads in the project area of Nimba County.
The Kenyan government is considering a 1.6 billion shillings($10 million) financing option for smallholder tea farmers across the country to help them diversify their products and target key foreign markets.
Egypt has started establishing fish farms in Algeria, Malawi and Zimbabwe, and an animal production farm in Uganda, Maghraby added in his speech at the meeting of the Parliament's African Affairs Committee, noting that the ministry has received requests from other African countries to establish similar projects.
Brazil said it has set aside $100 million for the promotion of agribusiness finance in Nigeria and is ready to increase it to $1 billion in the next three years.
Brazil’s Ambassador to Nigeria, Mr. Francisco Carlos Soares Luz, said the fund was meant to enable Nigerian farmers to access agro machineries from Brazil.
With the agreement of the Maxwell Amenity’s majority shareholders, the transaction is expected to complete within the next couple of months. The merger of Maxwell Amenity with Agrovista’s professional turf and landscape division and Sherriff Amenity will “bring together two of the most experienced and progressive teams in the professional turf sector"
The African Development Bank (AfDB), Credit Suisse, the Industrial and Commercial Bank of China (ICBC) and Ghana Cocoa Board (COCOBOD) signed a $600 million syndicated receivables-backed term loan, to boost cocoa productivity in Ghana - the world’s second-largest cocoa producer.
COMESA is implementing a Cassava cluster programme to enhance competiveness of cassava SMEs through building their capacity for integration in intra and regional trade.
The pilot programme has being implemented in 10 COMESA cassava growing countries namely Burundi, Congo DR, Ethiopia, Kenya, Malawi, Madagascar, Rwanda, Uganda, Zambia and Zimbabwe.
Nosak Group has contributed to the Governor Godwin Obaseki-led administration’s industrialisation and job creation drive with its investment in agriculture, including the acquisition of 13,000 hectares for oil palm plantation.
Dutch PE firm DOB Equity has added local agro firm Cropnuts to its Kenyan portfolio after the Competition Authority of Kenya (CAK) granted it and investment firm AHL Venture Partners the go-ahead to jointly acquire the business.
Nigerian based Dangote Industries and the government of Togo announced on Friday they have concluded an agreement to develop and transform Togolese phosphate into phosphate fertilisers for the West African sub-region, in a bid to improve consumption of the product in Africa.
Africa focused farm commodity aggregator, Seedlink and UK water pump manufacturer, Water Powered Technologies Ltd, are joining forces in a zero carbon irrigation partnership to help Africa's farmers pump and store water.
The United Nations Industrial Development Organization (UNIDO) will implement the ‘Market Access Upgrade Programme (MARKUP)’ project, which is funded by the European Union (EU) and anchored within the Ministry of Industry, Trade and Cooperatives.
Speaking at the event, Mohammed Hettiti director general of OCP Nigeria highlighted the centrality of the agricultural sector in Nigeria saying that OCP is helping the Nigerian farming sector through offering customized fertilizers.
The cooperation will focus on capacity-building for food safety; promotion of bilateral trade between Ethiopia and China; and knowledge sharing on relevant best practices, regulations and technical standards.
The president of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, says the Strategic Partnership entered into between Cote d'Ivoire and Ghana, which is manifesting itself in the joint cocoa production and marketing policy, is already paying dividends.
Standard Bank has partnered Rhiza Africa in a bid to boost Agricultural produce and increase famers’ yield, through innovation, driven by digital intelligence.
Standard Bank’s satellite hosted-remote sensing innovation is delivered in partnership with service provider RHIZA Africa and backed by Origin Enterprises PLC and the European Space Agency.
Plant breeders at the Debre Zeit Agriculture Research Centre, an hour southeast of Addis Ababa, are turning to nuclear technology for help. Over the past three years, with the support of the IAEA, in cooperation with the Food and Agriculture Organization of the United Nations (FAO), they have been experimenting with using different doses of gamma irradiation to create new plant varieties with favorable traits
In the midst of Ethiopia’s exponential population climb and the strikes of the climate emergency with erratic rains, dry spells, sharp floods and failed crops, the country launched a digital agro-climate advisory platform, called EDACaP, to put resilience at the center of agricultural livelihoods.
Russian cows have been given virtual reality headsets in a bid to boost milk yields by making the animals think they live in a permanently sunny pasture.
The Moscow agriculture ministry, which announced the pilot project at a large dairy farm outside the capital, cited research that happy cows produce more milk, saying “the quantity, and sometimes the quality of milk increases markedly in a calm atmosphere.”
The council for Scientific and Industrial Research (CSIR) is setting up a digital agriculture innovation hub where farmers and other stakeholders will access research information to aid their farming activities and boost food production.
Data analyst Fabrice Sonzahi enrolled in a course on artificial intelligence (AI) in Dakar, hoping to help struggling farmers improve crop yields in his home country of Ivory Coast.He is part of an inaugural batch of students at a new AI programming school in Senegal, one of the first in West Africa. Its mission is to train local people in using data to solve pressing issues like the impact of climate change on crops.
INFOMINEO RESOURCES
A highlight of some of our resources to expand your knowledge on Africa and the Middle East.
This infographic provides a country profile of South Africa, listing its main country indicators, major industries, resources, imports & exports with mention of the country's key trading partners.
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.
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