Market News| Africa Business News

Kenya: Uganda Poultry Import Ban Could be Lifted by Next Week

Kenya may lift the import ban imposed on Uganda chicken and eggs in the next one week, after experts from the two countries met to assess the measures taken against an epidemic of bird flu. This will, however, depend on the final tests carried out by a group of experts drawn from the two countries. They will conclude the exercise in the next one week. Agriculture Cabinet Secretary Willy Bett said the two teams are doing a risk.... Read more »

Posted on : Tuesday , 7th February 2017

East Africa: Tanzanian, Ugandan Heads of State to Discuss EU Economic Partnership Agreement

Uganda's President Yoweri Museveni and Tanzania's President Dr. John Magufuli will meet February to agree on East Africa's way forward on the controversial Economic Partnership Agreement (EPA). The EPA is supposed to be negotiated between the EU and member states of the East African Community (EAC). Kenya and Rwanda have already signed the deal but it won't be operational until all the East African Community member states sign the.... Read more »

Posted on : Monday , 6th February 2017

East Africa: UN, EAC Sign Grant Agreement to Boost Agriculture

Arusha — The United Nations' Food and Agriculture Organisation and the East Africa Community have signed a Grant Agreement to promote urban and rural agriculture and agribusiness so as to improve youth employment in Tanzania and other EAC member states. The total budget of the Grant is 1.0 bn/- coming from the US $ 440,000 for one year. The agreement, complements the recently held 28th African Union Summit which ran under the.... Read more »

Posted on : Saturday , 4th February 2017

Expogroup Wins Big at the Tanzania Leadership Awards 2016

On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees. Expogroup, a pioneer in the trade show.... Read more »

Posted on : Friday , 3rd February 2017

Ethiopia: Development Bank Begins Processing Commercial Farm Loans

Loan applications from close to 260 commercial agriculture investors have got the green light to be processed after a year long hiatus on agricultural loans. This was announced by Development Bank of Ethiopia, a major financier of such loans, on January 27, 2016. The Bank announced that it would restart the process of issuing loans to commercial farm investments. Aside from the existing loan applications, the Bank will start to.... Read more »

Posted on : Friday , 3rd February 2017

Africa: How Investing in Africa's Agri-Food Systems Can Benefit the U.S.

The US's incoming administration has an historic opportunity to extend America's global leadership by promoting the economic transformations underway in Africa. An effective US strategy would be based on the fact that Africa's development still greatly depends on the performance of its agri-food systems. Farming remains the primary source of employment for 65% of Africa's population. Poverty rates are in decline. But they remain.... Read more »

Posted on : Thursday , 2nd February 2017

Dangote Eyeing Lucrative Sugar Sector in Ethiopia

Prime Minister Hailemariam Dessalegn conferred with the Nigerian business tycoon Aliko Dangote Friday. During the course of the meeting, the premier assured the African billionaire that his government is fully committed to support the Group in the efforts towards diversifying its investments. He said that government encourages companies such as the Dangote Group to engage in Ethiopia so as to boost employment opportunities and.... Read more »

Posted on : Wednesday , 1st February 2017

Kenya: Farmers Unhappy with Ban on Maize Exports

The government is headed for a collision course with maize farmers in the North Rift after a presidential directive that banned export of the cereal citing the biting shortage. Growers now want the prices of maize increased or they be allowed to sell to the highest bidder given the current supply and demand situation. Farmers are unhappy with the order that restricts them to selling their produce within the country, saying it.... Read more »

Posted on : Wednesday , 1st February 2017

Kenya: Antibiotics in Meat - A Serious Cause for Concern

Fast food chain Burger King has made a commitment to only serve chicken meat from animals that haven't been fed antibiotics in the US and Canada. But the same rules won't apply in Kenya. Eating meat from animals that have been fed antibiotics has been attributed to a rise in resistance to the drugs that treat bacterial germs. The Conversation Africa's health and medicine editor Joy Wanja Muraya asks Sam Kariuki to explain the health.... Read more »

Posted on : Tuesday , 31st January 2017

AU Tells Member States to Prioritise Agriculture, Grow Economies

The African Union (AU) has called on the member states to prioritise agriculture to grow their economies. The AU Commissioner for Rural Economy and Agriculture, Mrs Tumusiime Rhoda Peace , said that experience from elsewhere indicated a positive correlation between development and modernisation of agriculture. She made the remarks Thursday afternoon in Addis Ababa ahead of the Heads of Sates Summit, scheduled for the.... Read more »

Posted on : Monday , 30th January 2017

Tanzania: Focus on Agro Processing Can Save Millions in Raw Crop Exports

Dar es Salaam — Tanzania losses over Sh1.6 trillion annually through exports of raw cashewnuts and importation of sugar, edible oil and milk. This money could be saved if the country focuses on agro processing, agriculture experts who met in Dar es Salaam today have observed. The lost money include $110 million from raw export of cashewnuts and $250 million in sugar importation. There is also $358 million through.... Read more »

Posted on : Monday , 30th January 2017

Kenya to Get Better Trade Deals From UK Post Brexit

Kenya should expect better deals with the United Kingdom once the country completes the process of exiting from the European Union, UK High Commissioner to Kenya Nic Hailey has said. Mr Hailey said with reduced restrictions that come with membership in a trade bloc like the EU, Britain would negotiate better and lucrative agricultural produce deals with Kenya. "Once the process of exiting is complete, the UK will negotiate.... Read more »

Posted on : Wednesday , 25th January 2017