Heifer International and Rwandan government announce US$10m investment in livestock farmers

RWANDA –  International development organization, Heifer International and the Rwanda Ministry of Agriculture have announced a partnership to invest more than US$10 million in livestock and training for 23,400 smallholder farming households geared towards improving incomes and food and nutrition security in Rwanda’s most impacted regions. In Rwanda, one fifth of the population is food insecure, and the average income per household is approximately US$3.11 per day in the 15 districts in Rwanda’s Northern, Southern, Western provinces where PRISM will be implemented. Through the partnership, Heifer International aims to support…

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Kenyan Twiga Foods secures $29.4m IFC debt funding to assist its farmers

KENYA – Kenya’s Agri-tech startup Twiga Foods has secured US$29.4 million in debt funding from the International Finance Corporation (IFC) to support more than 300 irrigated medium-scale contract farmers to complement Twiga’s seasonal smallholder farmer supply base. Founded in 2014, Twiga Foods is a business to business food distribution company that builds fair and reliable markets for agricultural producers and retailers through transparency, efficiency, and technology. The startup is one of the best-funded on the continent, securing a US$10.3 million Series A funding round in 2017, a further US$10 million in November 2018, and US$34.75…

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World Bank provides US$230m for commercial agriculture in Angola

ANGOLA – The World Bank and the French Development Agency have made available US$ 230 million to support Commercial Agriculture Development Project (PDAC) in Angola. The four-component project will help reduce and, in some cases, do away with obstacles in the country’s agriculture, aimed at speeding up the process of commercialization, said the project’s coordinator, Pedro Dozi. Speaking to Angop, Dozi said that the objective is to help increase aggregate production per standard unit in the selected value chains and support the rise in average gross sales by agricultural /…

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Swiss developmental organization enhances agro-processing in Tanzania with US$430k investment

TANZANIA – Helvetas, an independent Swiss development organization is seeking to inject Tsh.1bn (US$430k) in the construction of agro-industries in Tanzania to be ran by women and youth growers of vegetables and fruits in the country. The initiative undertaken through the Kibowavi project has also received support from the government, with the Mbeya regional authority handing over five acres for construction of 50 small and medium industries. The five acres were handed over to the Tanzania Food Processors Association of Women Entrepreneurs (Tafopa), reports Daily News. Mbeya Regional Commissioner (RC) Albert Chalamila…

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Mozambican oil and gas giant Exxon Mobil invests US$400K for agricultural advancement

MOZAMBIQUE – ExxonMobil Moçambique Limitada (EMML), one of the largest oil and gas producer in Africa is investing US$400,000 to promote agricultural advancement in Mozambique. EMML is undertaking the project on behalf of Rovuma Venture and the Area 4 partners. Rovuma LNG is a world-class development aiming to deliver reliable, affordable energy to customers and create long-term economic value for project partners and the people of Mozambique. The launched project is targeting to work with local farmers in Palma Sede, Northern Mozambique to build horticulture tunnels and provide supplies for drip…

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Microsoft promotes sustainable agriculture in South Africa with US$2.3m investment

SOUTH AFRICA – Microsoft South Africa is set to inject R40 million (US$2.3m) in South Africa’s agriculture sector, to bolster the use of technology to tackle the challenges facing the sector. According to a press-release by the tech-giant, the investment is aimed at driving sustainability for smallholder farmers, who form an important part of the agricultural workforce in the country. Over two million of these farmers help reduce poverty for local communities and establish food systems for South Africa and the wider southern African region. However, they face challenges that prevent…

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EU funded AgriBiz program to support 200 Kenyan women and youth led agribusiness initiatives with US$206m

KENYA – The European Union agribusiness programme dubbed AgriBiz, launched in Kenya to address the key challenges that hinder youth and women from tapping into the immense potential that the agricultural sector has to offer, has selected 200 women and youth led enterprises for the support. The 200 beneficiaries were selected from 2,400 applicants after a rigorous vetting process, who will benefit from the ksh. 22.2 billion (US$206m) financing over the next five years. The program is undertaken by the EU in partnership with the Kenyan government, the Royal Danish Embassy…

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Kenyan coastal county to construct US$5.6m fruit processing plant

KENYA – The coastal county of Kenya, Kwale has broken ground for the construction of the second phase of the sh.600 million (US$5.6m) fruit processing plant in Shimba Hills. According to reports by Kenyan News Agency, the construction of the fruit-processing plant started last year and will proceed in phases until completion next year. The Governor of Kwale County, Salim Mvurya assured the people of Kwale that his administration is committed to accomplish all flagship projects aimed at uplifting the livelihoods of residents. He further urged farmers from Kubo South ward and…

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