Tag Archives: Agriculture
Agriculture: Latest News
Peter Pedroncelli, 5:06 am
New York and Nairobi-based agri-tech company, Gro Intelligence, has secured funding from alternative asset firm TPG’s middle market and growth equity platform, TPG Growth. The agricultural analytics business announced Series A-2 financing led by TPG Growth, alongside Data Collective and unnamed strategic family offices. With global investment in food and agribusiness growing fast, demand for insightful, reliable data on the sector has never been greater, and this is where Gro Intelligence comes in.
Peter Pedroncelli, 6:29 am
South African farmers in the Western Cape have found valuable ways to use drone technology to boost their agricultural output and methods, leading to an upskilled workforce and general cost cutting. Elsenburg farmers are using drones to conduct general monitoring flyovers, assess vegetation health, track and monitor animals which may need assistance, as well as to assess stressed zones among crops that require watering and fertilisation.
Peter Pedroncelli, 2:56 am
The World Bank and venture capital firm Nest have announced a call for applications for the Agritech Challenge 2017 in Kenya. The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators with one of the region’s leading agribusiness corporates. The AgriTech Challenge, which is sponsored by the World Bank, aims to spur collaborative innovation within the agricultural sector in Kenya.
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.
Staff, 6:48 am
For decades, the hundreds of dams constructed across central and southern Africa have brought untold benefits to the world’s poorest continent, from electricity for hospitals and schools to water supplies for drinking and agriculture. But all that development has come at a cost: A huge surge in malaria cases.
Staff, 2:30 am
Leaving out agriculture from AGOA is like leaving out sub-Saharan Africa from growing global trade trends, says grad student Udunopa Abalu. Abalu wants U.S. Congress to revise and renew AGOA before it expires Sept. 30, extending preferential market access to sub-Saharan Africa’s agricultural products — they’re the backbone of the region.
Makula Dunbar, 12:28 pm
Finland is stepping up to be a lasting backbone for Zambian agriculture that will ultimately support food security, jobs and farmers’ incomes, a Zambia Daily Mail report said. The Core Support Programme II (CSP) for 2016/2017 will be in its second phase and disbursed in the amount of roughly $4 million (3.8 million euros).
Staff, 6:00 am
The United States Agency for International Development (USAID) on Friday renewed the U.S. government’s commitment to supporting Nigeria in boosting her food production for export.USAID’s Mission Director Michael Harvey said this in a statement by the U.S. Diplomatic Mission in Nigeria at the end of a four-day national workshop on food security.
Dana Sanchez, 8:10 pm
Africa’s future millionaires and billionaires will make their money from agriculture, said Akinwumi Adesina, Nigeria’s Minister of Agriculture and Rural Development. He spoke at the at the launch of a new agricultural transformation project being financed with $170 million from African Development Bank. Adesina was named Forbes African of the Year in December 2013 for his reforms to Nigeria’s farming sector.
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.
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