The Ethiopian Commodity Exchange (ECX) broadcasted the increase in food commodities trade, i.e. a total of 44,394 tonnes commodities worth 2.16 billion birrs in the month of October alone. According to a statement it extended to Borkena, the exchange has transacted a total of 21,034 tons of coffee, 9,434 tons of sesame, 1,346 tons of white pea bean, 6,534 tons of soya bean and 6,046 tons of green moong. In the month of October, the.... Read more »

Posted on : Tuesday , 19th November 2019

Africa is currently the second most populous continent in the world, its current population is 1.2 billion. This growing population of Africa could reach 2 billion by 2030 and 2.5 billion by 2050 as per the United Nations projections. This shows that one in five consumers globally will be African. Africa’s agribusiness sector is expected to reach $1 trillion by 2030, so there is certainly cause for optimism. Consumer demand for food in.... Read more »

Posted on : Monday , 18th November 2019

Now no more struggles to feed itself for Africa. The government’s Agriculture Transformation Agency, headed by Khalid Bomba, aiming for widespread commercial farming and food security in 20 years. A former JPMorgan Chase & Co. analyst is using drones and satellites to boost Ethiopia’s agricultural exports and improve food security in a nation once synonymous with famine. Ethiopia’s two main exports are coffee and oilseeds,.... Read more »

Posted on : Saturday , 2nd November 2019

Twiga’s mobile platform connects retailers with farmers and food manufacturers. These makes food economical and more accessible to a region with a growing population and food crisis. This leads to increase $23.75m in equity from Goldman Sachs and existing VC investors the international Finance Corporation (IFC), TLcom Capital, Wamda Capital and Creadev, as well as $6m in debt from OPIC and Alpha Mundi, an announcement on Monday.... Read more »

Posted on : Friday , 1st November 2019

A Kenyan delegation will convene in Addis Ababa, Ethiopia on 22nd to 25th October 2019 on a grain trade mission to explore business opportunities for grain trade and processing between Ethiopia and Kenya. It will help to bridge cross border trade gap and enhance food security. Efforts to increase intra-regional trade between Ethiopia and East African Community countries has seen grain trade between Ethiopia and Kenya grow.... Read more »

Posted on : Wednesday , 30th October 2019

The Corporate Affairs Director at Bakhresa Group, Mr Hussein Sufian, said that the rebranding coupled with the expansive production capacity of 2,750 tonnes per day, guarantees sufficient wheat products for the domestic market and surplus to be exported to the regional markets.   The group operates one of the largest flour mills in Tanzania and exports its wheat flour other markets.   The company has a strong presence in 11.... Read more »

Posted on : Tuesday , 8th October 2019

The planned Coffee Park, which will be built jointly by the Ethiopian and South Korean governments at a cost of 50 million U.S. dollars on 30 hectares of land in Ethiopia's capital Addis Ababa, is likely to "play an vital role towards promoting Ethiopia's coffee to the international community," state-affiliated Fana Broadcasting Corporate (FBC) quoted Hyiru Nuru, market information and control director at the Ethiopian Coffee and Tea.... Read more »

Posted on : Tuesday , 8th October 2019

The government of Kenya has partnered with South Korea on an agricultural mechanisation project that seeks to increase productivity. The governments will work jointly under the Korea Africa Food and Agricultural Corporation Initiative (KAFACI) project, which is targeting small-scale farmers. The project is aimed at lifting the current mechanisation rate of 30 percent to at least 40 percent in the coming years in a bid to cut cost of labour and.... Read more »

Posted on : Wednesday , 21st August 2019

Tanzania coffee production has almost doubled to four years high, thanks to good weather and high crop circle boom this season. Tanzania Coffee Board (TCB), acting Director General Primus Kimaryo told the ‘Daily News’ yesterday that the production boomed from 47,000 metric tonnes in 2 017 / 18 to 6 5 ,5 00 metric tonnes in 2 018 / 19 . He said coffee production was also pushed up by control instituted at cooperative society to keep.... Read more »

Posted on : Wednesday , 21st August 2019

Tanzania will supply one million metric tonnes of maize and flour to Kenya in a period of 12 months to bridge a shortfall of corn that has led to soaring prices of food.   The Deputy Minister for Agriculture and Irrigation, Hussein Bashe told the 'Daily News' yesterday Kenyan officials whom he met in Dar es Salaam yesterday had requested to be supplied with one million metric tonnes of maize and they agreed that amount would be supplied.... Read more »

Posted on : Monday , 5th August 2019

Queens Supermarket, the retail business under the MIDROC Technology Group, has opened a new branch in Keranio, western Ethiopia, after investing US$2.06 million (59.3 million Br). The branch, which brings the total number of outlets that Queen operates to eight, is expected to generate US$2.60 million (75 million Br) a year, and create 50 employment opportunities. “We expect the supermarket will generate almost 50pc of the.... Read more »

Posted on : Monday , 5th August 2019

22nd FOODAGRO AFRICA, Kenya's premier business event for the Food & Agriculture industry was inaugurated today in Nairobi at the Kenyatta International Convention Centre (KICC) by Mr. Roy Otieno, Ministry of Industry, Trade and Cooperatives, Government of Kenya. Running for 3 days from the 01st to 03rd August 2019 the event is co-located with the 22nd Kenya International Trade Exhibition (KITE). The 22nd Foodagro Africa 2019 is expected to.... Read more »

Posted on : Thursday , 1st August 2019