Tag Archives: Agribusiness
Agribusiness: Latest News
Silicon Valley Incubator Funds Nigerian-American Startup To Help African Businesses Find Trustworthy PartnersBy Peter Pedroncelli, 4:29 am
Solving one of the most frequently sited problems in Nigerian agribusiness, Nigerian-American startup Releaf facilitates a business-to-business marketplace that enables Nigerian businesses to find customers and partners that they can trust. The startup, which is currently taking part in Y Combinator, has signed up around 1,000 African businesses since its public launch in Nigeria at the start of August.
Dana Sanchez, 8:48 am
Microbial solutions for pesticides and fertilizer are revolutionizing Western agriculture, but are slow getting started in Africa. There’s an overwhelming need to improve soil health and crop productivity on the continent. Yields have been stagnant for decades for several staple food crops. The bacteria living in roots, leaves and soil that help plants absorb nutrients, fight disease, and resist drought are less toxic than chemical ones, and potentially more efficient for farmers.
Kevin Mwanza, 7:46 am
Poorly developed agricultural policies by many African governments could be the cause of the continent’s perennial food shortage and poverty over the years, a new study published by World Development has said. The study showed that many agricultural programs in the region are leaving out the majority poor subsistence farmers and only targeting large-scale agri-businesses, some funded by global financial institutions.
Dana Sanchez, 8:00 am
These are not your typical private equity investors, says the CEO of The One Thousand & One Voices fund. They are prepared to take long-term views on investments. They already have two agribusiness acquisitions in South Africa and now they want more, despite the drought. They like family-owned businesses that are cash-flow positive. They want to invest between $10 million and $14 million.
Kevin Mwanza, 8:16 am AFKI Original
Duma Works, a Kenyan online and text message based recruitment startup, has created a platform for agricultural firms and rural farmers in the country to connect with prospective qualified employees, the company said on Tuesday. The application is targeted at Kenya’s fast growing agribusiness sectors which account for more than 60 percent of jobs in the country of about 45 million people
Kevin Mwanza, 5:54 am
Tanzania has one of the fastest growing population in Africa, but its land reforms have stalled, hampering the East African nation’s ability to create jobs for its youth and feed its growing populace. The country of about 53 million people, most of whom are below the age of 25 years, is expected to have nearly 300 million people by 2050
Kevin Mwanza, 10:00 am
Over the last decade more and more Asian agricultural companies, lead by China and India, have invested in African countries to help feed a growing number of the middle class back home. On the other hand, American companies, which are the biggest suppliers of food items to Asian countries have invested very little in Africa,
Staff, 1:16 pm
Africa’s agriculture sector struggles to access financing and attract investment. Microfinance organizations remain active in the space. But private equity firms and banks are still slowly coming around to the potential of the agriculture space. Fears over sustainability, education and policy justifiably remain: (1) many African countries do not have an extensive track record of sustained success in the agriculture space.
Makula Dunbar, 2:52 pm
Things are looking up for those involved in agribusiness that sprouts out of Tanzania. According to Tanzania Daily News, $3.4 billion has been injected into the country’s commercial agribusiness sector, largely due to improved ease of doing business. Banks in Tanzania — as well as countries including Liberia, Kenya, Malawi, Ethiopia and Uganda — are more open to the idea of investing in local businesses. Because of this, farmers in Tanzania have better access to equipment and insurance.
Makula Dunbar, 12:30 pm
Leaders of African countries and Turkey met on Friday in the seaside city of Malabo, the capital of Equatorial Guinea, to review the performance of the 1st Africa-Turkey partnership and to endorse projects and implementation modalities on priority areas for the coming five years. African Union Commission Chairperson Nkosazana Dlamini Zuma, Turkish President Reccep Tayyip Erdogan, Mauritanian President Ould Abdel Aziz, who is the current chair of the African Union
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