Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities in the region. Over the past decade, Africa’s real.... Read more »

Posted on : Tuesday , 3rd October 2017

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has recorded an annual growth rate of 5 percent over the last decade and is expected to continue this trend in the coming years. Six out of ten fastest growing.... Read more »

Posted on : Wednesday , 23rd November 2016

 Fruits and tea are emerging as money-spinning commodities in Kenya’s export market. This is according to a new report by Maersk Group, a global transport and logistics firm, titled the Maersk Group Trade Report 2016. The report for example states export volumes of avocados from Kenya to Europe and the Middle East in the first three quarters of 2016 grew by 34 per cent. “The inception of controlled atmosphere containers has.... Read more »

Posted on : Wednesday , 23rd November 2016

 JSE listed Pioneer Foods is acquiring a 49.8% interest in UK food processing company Weetabix’s East Africa distributing company.   The Kenya-based company has been in operation for over 40 years and has about 13 brands in its portfolio. Last year, the business invested £1.6-million in a capacity upgrade programme at its facilities, giving it 60% more capacity.   Weetabix East Africa produces about 12 t of cereal,.... Read more »

Posted on : Tuesday , 22nd November 2016

 Department of Agriculture, Forestry and Fisheries provides much needed drought relief assistance South Africa is battling the worst drought since 1992 which has led to seven provinces (Free State, KwaZulu-Natal, Limpopo, Mpumalanga, North West, Northern Cape and Eastern Cape) declaring a provincial state of drought disaster. The Western Cape Province has declared a local state of disaster in three municipalities (Central Karoo, Eden and.... Read more »

Posted on : Tuesday , 8th November 2016

 A coffee festival that seeks to motivate the youth to pay more attention to agribusiness will be held at Namboole on November 4. The second annual coffee festival, which is organised by different organizations, aims to try and place youth as key drivers of the growth of coffee consumption and exports, which have recently dropped. Joseph Nkandu, the executive director of Nucafe, one of the institutions organizing, said the festival could.... Read more »

Posted on : Monday , 7th November 2016

 ZIMBABWE - Nestle Zimbabwe says an US$8 million investment in its creamer business has lifted production by 14%. The growth in output comes after the commissioning of the milk powders and Cremora plant in December last year by Industry and Commerce minister Mike Bimha. “We have invested US$8 million to upgrade our production capacity. We have increased output by 14% in the creamer business,” Nestle MD Ben Ndiaye said on.... Read more »

Posted on : Friday , 4th November 2016

 The Tanzania Minister for Industry and Trade, Charles Mwijage (top) wants sugar producers to increase output from 100,000 metric tonnes to 300,000 mts annually to stabilize fluctuating prices writes DAMAS MAKANGALE.   Speaking at a news conference last week in Dar es Salaam during the announcement of major a industrial exhibition that is due in December, Mwijage asked sugar producers to increase production to meet increasing high.... Read more »

Posted on : Thursday , 3rd November 2016

 Famous Brands reported a 71% increase in headline earnings per share on Monday, as the company continued to build capability and capacity amid its merger and acquisition spree. However, the company said it would withhold paying dividends until 2018, due to a higher gearing that resulted from its acquisitions. The owner of Steers and Wimpy saw revenue increase by 23% to R2.451bn and operating profit by 17% for the six months ended 31.... Read more »

Posted on : Thursday , 3rd November 2016

 TAHA has recently witnessed a surge in the   number of farmers who are making advances   in good farming practices – especially in   transforming farming technologies for   improved productivity.   In just one month alone, new   investments whose value amounted to more   than Tsh460.5 million were recorded. The   investments were mostly in drip irrigation   equipment,.... Read more »

Posted on : Monday , 31st October 2016

 Kenya is pushing to increase its market share for coffee in the United States (US) as a means of improving the global visibility of the local commodity.   The government through the Agriculture, Fisheries and Food Authority (AFA) Coffee Directorate on Tuesday said it is also targeting China, South Korea, Sweden, Norway, Denmark, Poland and Nigeria as emerging markets for the coffee.   “Kenya has embarked on an.... Read more »

Posted on : Wednesday , 26th October 2016

 Western donors, including the Bill and Melinda Gates Foundation, are putting their money and power behind promoting a market-based, pro-agribusiness model for developing countries through a World Bank program, Enabling the Business of Agriculture (EBA), according to the report released earlier this year, titled “The Unholy Alliance: Five Western Donors Shape A Pro-Corporate Agenda For African Agriculture” from the Oakland.... Read more »

Posted on : Tuesday , 25th October 2016