Saturday, April 17African Business News
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Agriculture

African Union holds global conference to accelerate African vaccine development and manufacturing capacity

African Union holds global conference to accelerate African vaccine development and manufacturing capacity

Agriculture, Corporate Stories
African leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscored the need to increase local production of vaccines and therapeutics to achieve greater public-health security. “The production of vaccines and access to vaccines is an absolute priority,” Cyril Ramaphosa, President of South Africa, said Monday in opening remarks at the start of the two-day virtual meeting, convened by the African Union. The meeting was attended by several African heads of state, health, finance and trade ministers from across the continent, as well as officials from global financial institutions, foundations, pharmaceutical manufacturers, business leaders, and the general public. The African Development Bank was represented by Solomo...
African Development Bank’s first virtual business opportunities seminar of 2021, draws 450 global partners and suppliers

African Development Bank’s first virtual business opportunities seminar of 2021, draws 450 global partners and suppliers

Agriculture, Corporate Stories
The African Development Bank (www.AfDB.org) hosted its first virtual business opportunities seminar (BOS) of 2021 on 6 and 7 April. The BOS seminars offer a one-stop shop for companies, civil contractors, manufacturers, consultants, and suppliers from the Bank Group’s regional and non-regional members seeking to provide goods and services to projects or to the Bank. Held virtually as a result of the ongoing Covid-19 pandemic, delegates were informed about the Bank’s strategy for supporting economic growth, its priority areas, rules and procedures for project and corporate procurement, and ongoing public and private sector operations. The Bank’s 2021 Business Opportunities Seminar was an impressive learning experience and an open door to interact virtually with different experts ...
DR. Chaim Zach IBA Person Of The Year, Leading The Agribusiness Success Story

DR. Chaim Zach IBA Person Of The Year, Leading The Agribusiness Success Story

Agriculture
Mr. Chaim Zach, a seasoned and serial entrepreneur, philanthropist, international business personality of repute, founder and Chief Executive officer of AGRITED has been appointed United Nation- POLIC Ambassador for peace. With certificate No. NO. UN-POLAC: 202010012089 Nigeria issued on 1th December, 2020 and signed by the Director-General, Mr.  Zach is appointed in line UN resolution 53/13of Nov. 20, 1997. A quintessential professional and an integrity driven businessman, Chaim Zach, a winner any day has also been conferred with the well deserved Doctorate Degree (D.Sc) Honouris Causa in Leadership and Corporate Governance by the European-America University, Commonwealth of Dominica.  This indeed is a true testament to his impeccable character, leadership and corporate gov...
CBN Boosts Poultry Industry with Disbursement of N12.55bn Credit

CBN Boosts Poultry Industry with Disbursement of N12.55bn Credit

Agriculture
The Central Bank of Nigeria (CBN) has so far released N12.55 billion to support the small, medium and large scale poultry farmers. The CBN explained that the gesture is part of its strategy to boost egg and meat production as well as to create more jobs for Nigerians. Last month, some stakeholders under the umbrella of Poultry Association of Nigeria (PAN) had called on the federal government to intervene in the sector to mitigate the losses occasioned by the restriction of movement of goods and services amidst the spread of the COVID-19 pandemic and the attendant lockdown. President of the association, Mr. Ezekiel Ibrahim, while addressing journalists had raised concerns that unless there was an urgent government intervention, the industry might be forced to shut down by January. ...
Crisis And The Survival Of The  Nigeria Poultry Industry

Crisis And The Survival Of The Nigeria Poultry Industry

Agriculture
The Poultry industry in Nigeria is a rare success story in the commercialisation of Agriculture. It is a completely private sector driven subsector of the Nigeria economy with contribution of over 25 percent to the Agricultural Gross Domestic Product (AGDP) of the national economy. The current worth of the industry is over N10 trillion. It engages over 20 million Nigerians in direct and indirect employment, providing the families with cheap protein sources while sustaining family livelihoods. Over the last eighteen years, the Poultry industry has grown to become the number one Egg producing nation and the number four in broiler meat production in Africa with additional local and foreign direct investments. In the post Covid-19 and the lockdown that followed, the Poultry industry has...

Maize importation: CBN saves Nigeria from food crisis, farmers say

Agriculture
The recent importation of 262,000 metric tons of maize has saved Nigeria from a food crisis, poultry farmers in Nigeria have said. The poultry industry in the country, which reportedly lost about N1.5 trillion to the Coronavirus pandemic, said that the Central Bank of Nigeria (CBN) took the right step by granting import waivers to four companies describing the policy as a commendable way of bridging the shortfall in maize production. The President of the Poultry Association of Nigeria (PAN), Mr Ibrahim Ezekiel Mam told our reporter that the import waiver was a follow up to President Muhammadu Buhari’s intervention when he granted the association 5,000 metric tons of maize from the country’s strategic grains reserve. He said that PAN was in total support of the maize importation as...
Harnessing the ground breaking poultry business

Harnessing the ground breaking poultry business

Agriculture
AGRITED - Unveiling world-class-agribusiness innovative technology in Nigeria While we at AGRITED congratulate Nigeria @ 60, we are committed to making the needed contributions to the country’s success story. - Chaim Zach, Founder/CEO Expanding its operation in Nigeria with the construction of its latest large-scale breeding farm, AGRITED has consolidated and confirmed its role as a major player in Nigeria’s poultry industry and the country’s drive for self-sufficiency. Established in 1991, becoming the most integrated and highly market-driven agribusiness concern, Agric International Technology and Trade (AGRITED) Limited is Nigeria's largest, leading and people friendly supplier of poultry products. Armed with a strong vision and focusing mainly on the poultry breeding, producing...
Sterling Bank to host Africa’s biggest digital agriculture summit

Sterling Bank to host Africa’s biggest digital agriculture summit

Agriculture, Innovation
What comes to mind when you think of Agriculture? The produce, the farmers, investments, tech or the next level? The next level that will propel us into the much-needed transformation with the design and implementation of the right policies, scalable innovation alongside focused and sustained investment. It is no news that the existing frameworks and age-long practices in Africa’s agriculture sector are outdated and need to be improved upon. Transforming the continent’s agriculture sector into a powerhouse that will not only feed the continent’s growing population but will also boost the economy, create decent employment for millions of people and hopefully absorb the shocks from the Coronavirus pandemic. Agriculture is one of the sectors Sterling Bank holds close to its HEART. As one...
Smallholder farmers still lack access to insurance

Smallholder farmers still lack access to insurance

Agriculture
A new study conducted by ActionAid Nigeria, to review farmers’ access to agricultural insurance services has revealed that smallholder women farmers have had extremely low access to insurance services in the last five years. This is against the backdrop of warnings by agricultural experts that Nigeria will be the highest hit by climate change if it doesn’t support agriculture, coupled with increasing flood episodes washing away farm land across the country. The report conducted between the periods of 2014 and 2018, also observed the low budgetary allocation and release to the Nigerian Agricultural Insurance Commission (NAIC). For instance, the report noted that of the N250million allocated to the Commission in 2014, only N100million was released; in 2015, N148million was budgeted...
Farmers in 11 states to get fertilizer at N4,500

Farmers in 11 states to get fertilizer at N4,500

Agriculture
As part of the COVID-19 palliative, about 50,000 farmers across 11 states will get two bags of fertilizer each at a subsidized rate of N4,500 against the current price of N8,000. The Federal Government in partnership with OCP Africa Fertilizer Limited unveiled the distribution of the subsidized NPK fertilizers for selected vulnerable farmers in Abia, Jigawa, Kaduna, Kano, Kebbi, Nasarawa, Niger, Ogun, Sokoto, Bauchi, and Kwara states. The Minister of State for Agriculture and Rural Development, Mustapha Shehuri, said this at the Karshi Market, Abuja. He said the Federal Government’s partnership with OCP Africa is part of the President’s determination to improve the local production of fertilizer in Nigeria, to enhance productivity and household incomes of the targe...