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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AGRA launches Deal Room initiative to spearhead investments in Uganda’s agribusiness sector

UGANDA – Alliance of a Green Revolution in Africa (AGRA) has launched an agribusiness initiative dubbed Deal Room, seeking to facilitate ease in financing access, mentorship and market entry solutions by Entrepreneurs. It also seeks to create opportunities for government to present investment opportunities, promote incentives and engage with interested investors to discuss bottlenecks, reports Daily Monitor. Dr John Jagwe, the Agra country manager, said the Deal Room, will allow Ugandans to pitch investment ideas with the aim of attracting investments. Dr Jagwe also said, Agra is working with other agencies led…

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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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