Agriculture Archives - Inside Business Africa

Jan182022 by info@insidebusinessafricang.comNo Comments

BUA Foods Plc Engages Stakeholders Through NGX Facts Behind the Listing

Nigerian Exchange Limited (NGX or The Exchange) started the year off with the listing by introduction of BUA Foods Plc on the Main Board of The Exchange. In keeping with its practice of intimating stakeholders with details of notable transactions such as these, NGX hosted the Management of BUA Foods to a virtual Facts Behind the Listing and Closing Gong Ceremony on Tuesday, 18 January 2022. Speaking at the event, Chief Executive Officer, NGX, Mr. Temi Popoola, commended BUA Foods Plc for taking the bold step to join its subsidiary company, BUA Cement, as a publicity listed company on The Exchange. He further stated, “The listing of BUA Foods Plc on The Exchange reaffirms the confidence that leading Nigerian corporates have in NGX as the partner of choice for raising capital and enabli...

Dec212021 by Joshua OlotuNo Comments

Lagos Aids Farmers to Boost Food Production

Agriculture, Business, Corporate Stories, Innovation

The Honourable Commissioner for Agriculture, Ms. Abisola Olusanya, has reiterated the State Governments’ commitment to sustaining the support to farmers as part of efforts to boost food production in Lagos State. Ms. Olusanya spoke at the quarterly sensitisation programme for farmers in Epe Division of the State, adding that over the years the Lagos State Agricultural Inputs Supply Authority (LAISA) has been at the forefront of supplying farmers with high-quality inputs such as farm implements, agrochemicals and seedlings at affordable prices. The Commissioner, represented at the event by the General Manager of LAISA, Mr. Bolaji Balogun, said the present administration has established eight farm service centres in different divisions of the State to give farmers access to quality agr...

Nov232021 by Joshua OlotuNo Comments

TİKA Supports Rose Cultivation in the Algerian Sahara

Agriculture, Business, Growth & Insight, Innovation

Turkish Cooperation and Coordination Agency (TİKA) built the “Rose Garden for the Martyrs of July 15” with 1000 roses in the town of El Goléa (MENIA), located in the Sahara Desert in Algeria. Next year, the foundation will be provided with the necessary equipment to produce rose-based products such as rose water, rose oil, and rose soap The Rose Garden for the Martyrs of July 15 was built on a land of 2 hectares owned by the foundation FOREM-EL GOLEA, which serves women and orphans in El Goléa. Next year, the foundation will be provided with the necessary equipment to produce rose-based products such as rose water, rose oil, and rose soap using the roses to be grown in the garden. Prof. Mostefa Khiati, President of FOREM, thanked TİKA and the Republic of Turkey for TİKA’s sup...

Oct262021 by Joshua OlotuNo Comments

Africa Investment Forum: Projects worth $140 million on the table to boost vaccines and healthcare in West and East Africa

Agriculture, Business, Health

Members of the Africa Investment Forum team showcased two projects during a virtual investor roundtable as the continent looks to boost its healthcare sector and attract much-needed investment in the wake of the Covid-19 pandemic. The projects, jointly worth around $140 million and located in East and West Africa, were previewed for potential investors. The roundtable, held 21 October, is part of a series of events organized by the Africa Investment Forum and hosted by the Atlantic Council to drum up interest in the Forum’s upcoming Market Days, where a range of investment opportunities will be unveiled. The invited participants represented the pharmaceutical and healthcare sectors. The first opportunity, with a project cost of $96 million, is for the development of a 250-bed spec...

Oct202021 by Joshua OlotuNo Comments

African Development Bank Group President Akinwumi Adesina assures Nigeria of Bank’s strong support to achieve food security

Agriculture, Business, Economy

The President of the African Development Bank Group (AfDB.org), Dr. Akinwumi Adesina, received a high-level Nigerian delegation led by the country's Minister of Agriculture and Rural Development, Dr. Mohammad Mahmood Abubakar on Monday. The meeting follows on the heels of an address by Dr. Adesina last week at a mid-term ministerial retreat presided over by President Muhammadu Buhari. Dr. Adesina and the Nigerian minister discussed means of tackling growing concerns about the country’s food security. Adesina said the Bank’s strategic support for Nigeria’s food production would be hinged on five factors: support, scale, systemic, speed, and sustainability. He added, “I want to assure President Buhari that the African Development Bank will provide his government with very strong ...

Oct112021 by Joshua OlotuNo Comments

Africa Investment Forum roundtable event showcases agribusiness investment opportunities ahead of 2021 Market Days

Agriculture, Business, Economy

The Africa Investment Forum held a roundtable event to preview two agribusiness deals worth nearly $400 million as part of the lead-in to its upcoming 2021 Market Days. The investment opportunities, drawn from the Africa Investment Forum’s pipeline, will be presented in full during the Market Days, to be held from December 1-3 in Abidjan. The virtual roundtable, organized by the Atlantic Council, took place on Thursday 7 October, 2021. During the roundtable, members of the AIF team presented an outline of the deals to investors. As a sector, agriculture has been under-supported by investment to date, and the Africa Investment Forum’s vision is to be a catalyst for significant investment The first one, which requires $345 million in capital, entails construction and ...

Sep172021 by Joshua OlotuNo Comments

Africa Investment Forum to host third Market Days in Abidjan, December 1-3, 2021

Agriculture, Business, Corporate Stories

The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire, from the 1-3 of December 2021. The annual business gathering will showcase transformative investment opportunities across the African continent, many of which hold the potential to drive Africa’s recovery from the Covid-19 pandemic. We look forward to welcoming investors to join us in Abidjan – and virtually around the world – to take the next step in Africa’s growth Invited participants to this third edition, including investors, project sponsors and decision-makers, will be presented with a pipeline of deals that are ready for investment. Market Days 2021 will be held in a hybrid format. There will be boardroom sessions, where deals are agreed among those physically present, while other attendees ...

Sep22021 by Joshua OlotuNo Comments

Nigeria: Federal and state governors endorse Special Agro-industrial Processing Zones Programme: African Development Bank and partners to mobilize $520 million for Phase 1

Agriculture, Business, Economy

Nigeria’s Federal and State governments have expressed overwhelming support for an initiative to create Special Agro-industrial Processing Zones (SAPZ) - public-private partnerships aimed at developing priority value chains through developing infrastructure in rural areas, focused on finishing and transforming raw materials and commodities. At a high-level briefing session held on Monday, Minister of Finance, Budget, and National Planning Dr. Zainab Shamsuna Ahmed, who hosted the meeting, reaffirmed the Federal Government’s commitment to put in place enabling policies and incentives to attract private sector investment in the Zones, to ensure successful implementation. “The Federal government is committed to successfully implementing the programme to increase agricultural production,...

Aug262021 by Joshua OlotuNo Comments

The Southwest Indian Ocean Fisheries Commission Completes its Eleventh Session

Agriculture, Business, Economy

The Southwest Indian Ocean Fisheries Commission (SWIOFC) held its 11th session. Eleven out of its ten member counties attended the session, namely, Comoros, France, Kenya, Madagascar, Maldives, Mauritius, Mozambique, Seychelles, Somalia, the United Republic of Tanzania and Yemen. Since the establishment of the SWIOFC in 2005, this is the first time that, the member states hold their regular session virtually. The session was preceded on 3 August 2021 by the Regional Steering Committees for the Southwest Indian Ocean region fisheries projects linked to the SWIOFC, namely, the SWIOFish1 project funded by World Bank and the FAO EAF-Nansen Programme. The Commission acts a regional platform for the steering and collaboration with of fisheries projects. Several other projects and partner...

Aug242021 by Joshua OlotuNo Comments

India Extends up to a Million USD for Climate Resilient Agriculture in Zimbabwe

Agriculture, Business, Economy

The Government of India has contributed almost USD one million to the United Nations World Food Programme (WFP) in Zimbabwe to help affected populations tackle climate shocks. The contribution, provided through the India-UN Development Partnership Fund, will be used to assist more than 5200 smallholder farmers in Chiredzi and Mangwe districts. Working alongside partners, WFP Zimbabwe will provide expertise through its Smallholder Agricultural Market Support (SAMS) programme, to strengthen the resilience and capacity of selected smallholder farmers. The project will promote the cultivation of drought-tolerant small grains and legumes – reducing the negative effects of recurring droughts in Zimbabwe. India played a key role in promoting the adoption of 2023 as the year of millet by the...