International Organisations invest $10 Million in Kenyan Start-Up

IFC, a member of the World Bank Group, TLcom, and the Global Agriculture and Food Security Program (GAFSP) have announced to invest $10 million in 'Twiga Foods', a Kenyan-based start-up connecting smallholder farmers in rural areas to informal retail vendors in cities. As part of the deal, Wale Ayeni, who leads IFC’s venture capital activities in Africa, and Maurizio Caio, Managing Partner at TLcom will join the board. The Twiga Foods platform uses mobile phone technology to match supply and … [Read more...]

EU provides €191.6 Million to promote Agri-Food Products at Home and Abroad

The European Commission adopted the 2019 promotion policy work programme with €191.6 million to be made available for programmes selected for EU co-financing. The 2019 programmes for the promotion of EU agri-food products will focus primarily on markets outside the EU with the highest potential for growth. €89 million will be allocated to campaigns in high growth countries such as Canada, China, Colombia, Japan, Korea, Mexico, and the United States. Some of the money will be earmarked to the … [Read more...]

SMEs in Turkmenistan benefit from New Initiative of EBRD and EU

EBRD’s Advice for Small Businesses programme initiative funded by the European Union will benefit scores of small and medium-sized enterprises (SMEs) in Turkmenistan. The initiative is part of an effort to help develop the private sector in Turkmenistan and diversify the economy. The EU is providing €5.34 million in support of the programme. The grant was signed in the presence of the EBRD President, Sir Suma Chakrabarti, and the EU Commissioner for International Cooperation and Development, … [Read more...]

USAID launches ‘Agribusiness Competitiveness Activity’ in Tajikistan

A new five-year project "the Agribusiness Competitiveness Activity" has been launched in Tajikistan by the United States Agency for International Development (USAID). Chargé d’Affaires of the U.S. Embassy Kevin Covert and Deputy Governor of Khatlon Rajabov Rajabali welcomed more than 170 participants at the ceremony, including representatives from the Khatlon government, the private sector, and local entrepreneurs and traders. The project, funded by USAID, will work to enhance the … [Read more...]

Albania to launch first Call for Applications for ‘IPARD II’ Programme

On November 30, 2018, the agricultural Ministry of Albania will open the first call for applications for funding under the EU-backed Instrument for Pre-accession for Rural Development (IPARD II) programme. The Albanian government and the EU will co-finance the programme through a 94 million euro ($107 million) fund. IPARD aims to provide assistance for the implementation of the acquis concerning the Common Agricultural Policy and to contribute to the sustainable adaptation of the agricultural … [Read more...]

China and UNDP collaborate to launch Impact of China’s Agriculture Cooperation in Africa

The United Nations Development Programme (UNDP) to launch results of China’s partnership with Guinea-Bissau and Mozambique on agriculture development. With both African countries working to expand agriculture production -- a challenge heightened by climate change -- the two programmes linked local farmers and officials with Chinese knowledge, technology, and market-inclusive systems to boost food production. The report launched today assesses the two partnerships -- the Agricultural Technical … [Read more...]

World Bank approves $172.20 Million Project to support Poor and Marginalized Farmers

The World Bank has approved a $172.20 million project to enhance agricultural productivity, profitability, and climate resilience of poor and marginalized farmers while ensuring that farming continues to remain a financially viable activity. The project will benefit over 200,000 families of poor and marginalized farmers, agro-entrepreneurs, women and other vulnerable groups in Andhra Pradesh, India. It will work with 1000 Small-Scale Community-Based Irrigation (SSCBI) systems spread over an … [Read more...]

NGOs urge Government to frame Schemes keeping Women Farmers in Mind

An umbrella group of more than 40 NGOs have submitted a 12-point representation to the state government, seeking to make farming gender sensitive and frame schemes keeping women farmers in mind. The Working Group for Women and Land Ownership (WGWLO) has demanded a special and separate budgetary provision for women farmers, besides seeking agricultural schemes that are designed from women farmers’ perspective to not only ensure gender equity but also enhance higher yield in … [Read more...]

Green Climate Fund approves Three Proposals from AfDB

Three proposals from the African Development Bank (AfDB) worth US$110 million have been approved by the Green Climate Fund (GCF). The GCF Board, which was co-chaired by Paul Oquist from Nicaragua, and Ambassador Lennart Båge from Sweden, considered 20 funding proposals requesting approximately US$1.2 billion. The Board approved US$67.8 million for the Programme for Integrated Development and Adaptation to Climate Change in the Niger Basin (PIDACC/NB), which will benefit from GCF funds … [Read more...]

USADF and Nigeria sign MoU of $10 Million to support Local Agribusiness

The President & CEO of U.S. African Development Foundation (USADF) has signed a Memorandum of Understanding (MoU) with the Governor of Kebbi State, Nigeria to develop and expand local agricultural enterprises in the northern Nigerian state. USADF and Kebbi State Government have entered into a five-year, $10 million USD agreement, with Kebbi State and USADF each contributing $5 million over the five years to provide seed capital and technical assistance to local agribusinesses. USADF, the … [Read more...]