Browsing: Agriculture

The International Islamic Trade Finance Corporation (ITFC) signed a $200 million syndicated Murabaha financing agreement with the African Export-Import Bank (Afreximbank) to help the agricultural sector in Africa.

The International Islamic Trade Finance Corporation is a member of the Islamic Development Bank (IsDB) Group while Afreximbank is a multilateral financial institution established by African governments and institutional investors.

The facility aims at helping African countries address some of the economic impacts of the pandemic. This syndication is supported by financial institutions and some of the partners who allocated resources to the agricultural sector in Africa.

The agreement which is in line with ITFC’s ongoing commitment in Africa will fund the export of soft commodities such as cocoa, sesame seeds, raw cashew nuts and maize.

Also Read: Kenya to launch Agribusiness programmes to support youth involvement in agriculture

Agriculture being Africa’s continent largest employer and a key driver of SME development, …

There has not been a more demanding time for Africa to adopt modern agriculture methods than now. In the wake of the Covid-19 pandemic, food security in Africa is threatened at all levels and farming activities have nearly been brought to a standstill.

African farmers lost market as borders closed and flights were grounded to curb the spread of Covid-19. As a result the, pandemic severely affected the agriculture value chains from supply of inputs to transporting the end product.

Africa now finds itself more in need of modern farming methods to increase production in a cost effective manner. However, while attempting to increase production, African farmers must also mitigate the effects of climate change by adopting climate smart agriculture.

There is need to use improved seed varieties even in the backdrop of the side effects of using hybrid seeds. Improved seed varieties are more resistant to disease and poor …

After slow production during the Covid-19 lock down,  Zimbabwe’s gold sector has had a drastic come back reporting gold revenue is up almost 50 percent at least one of its major mines.

The total revenue recorded for the second quarter of 2020 clocked and impressive to USD23. 6 million, that is almost double (48 percent) the revenue brought in during the same period last year.

Having topped last year’s production by USD15. 9 million, Blanket Gold Mine that is based in the Gwanda region, increased production all through the first quarter this despite glitches caused by the Covid-19 pandemic.

The mine is owned by the Caledonia Mining Corporation and was proud to announce it had produced 14,233 ounces of gold in the second quarter up from the 11,948 produced during the same period last year.

The production level is very impressive given the fact that other miners could not access …

The Tanzania Horticultural Association (Taha), is reporting an increase in revenue from the export of avocados which until now were not considered key export cash crop.

However growing demand in the US and Europe has seen the sub-sector increase revenue to USD 23 million annually.

Tanzania is the second largest producer of avocado fruit in Africa second only to Kenya. Over the past 5 years, avocado exports have frog leaped from 1,877 tonnes in 2014 to 9,000 tonnes in 2019 and were it not for the COVID-19 outbreak, this figure was expected to go only higher.

Kenya is already doing much better with its estimated annual output is about 190,000 tonnes every year as the country exports an average of 10,000 metric tonnes annually.

In Tanzania, there are about 10000 farmers of the crop who are spread out across the country and of these, now most have turned to the …

While all other agricultural exports are suffering reduced demand owing to the Covid-19 global pandemic, that is not the case for tobacco which has recorded remarkable increase in sales at the beginning of the marketing season.

Reports from Zimbabwe say export of flue-cured tobacco is stable and prices are firm, with tobacco sales having increased more than quadrupled over the cause of the last and the present season. Last season closed with sales of USD232 008 but this season has opened with sales of USD1 598 230 that is a 588 percent increase!

As market season opened at the start of the month, an impressive USD1.6 million was sold. With attractive prices that begun above USD 5 per kilogramme, farmers were more than willing to sell. Only three days after the marketing season opened, farmers had sold almost 700 000 kilogrammes of tobacco.

The country’s Tobacco Industry and Marketing Board …

This article aims to highlight the challenges and implications of COVID-19 in the agricultural sector using current industry trends and outcomes to forecast the impact of the pandemic on agricultural value chains and consumer behaviour in the short, medium and long term.  Most importantly, however, this report proffers actionable innovations and systems that can be adopted and scaled up to negate the effects of the pandemic on food supplies to urban areas and industrial processors in Nigeria.

WHERE WE ARE NOW:

Short term (1-3months)

• Disruption of supply chains due to inter and intrastate border closures. An example being the pileup of trucks on the Kano-Kaduna road due to shutdowns on what is a key route for national grain distribution.
• The stock of grains does not seem to be hampered but there is a risk it will if the current situation persists for a period longer than 3-4 months. The

Tanzania is looking to be the regional leader in production of sunflowers and with it to become the lead producer of edible oils.

To meet this target, Dodoma, the nation’s administrative capital has been selected to grow both sunflower and groundnuts too.

A 4.4bn/- investment is slated to kick start the project while at least one refinery plants valued at 1.5bn/- is expected to produce at least 30 tonnes. While the regional production capacity has not been made public, Dodoma and its vicinities already boasts of over 10 small and medium sized plants.

Experts say the region has the perfect climate for sunflower and groundnuts production. The semiarid climate has in the past worked for the production of groundnuts in large amounts and was the leader in export of the legumes.

Now years later, the region maybe revived to its glorious days. However to achieve this, public private partnership is …

Food security has always been a matter of much concern across Africa, the threat has only been extenuated by the worsening coronavirus outbreak.

With the rest of the World tied up with response to the coronavirus in their own countries, scientists in Africa have to step up to the food security threat on the continent.

Up to the task are Tanzanian scientists who early this week, in the nick of time, announced a breakthrough in maize research that may very well answer the impending food security threat.

The Tanzania Agricultural Research Institute, announced its scientists have developed two genetically modified maize varieties that to a great extent, stand to solve the food security issue in the country and region at large.

First is a maize variety that is much higher in protein concentration than the regular maize types now been grown across the country. This variety will serve to give …

Coffee production in South America is on a sharp increase and the resulting market flood is severely hurting East African coffee growers.

As supply increases, the market price is steadily falling. For trading blocs like the East African Community (EAC) where coffee is traditionally among the leading export commodities, the lower market prices spell a gloomy period up ahead.

In fact, for most of the East African countries, coffee accounts for 76 percent of the value of all agricultural exports put together. So losing the coffee market is a severe blow to economic development in East Africa and across the continent too.

Sector pundits say South America is using improved hybrids that are growing fast, producing better yields and they also have better after harvest storage and transportation facilities which are important to maintain the quality of the grain.

For example, statistics show that Brazil is now the world’s leading …

At Kapiti research station, 70 Km south of Nairobi, scientists based at the International Livestock Research Institute (ILRI) and its Mazingira Centre – a-state-of-the-art environmental and education facility in East Africa is conducting essential climate observations. Collecting actual data on how the climate is changing in Kenya’s Savannahs has remained a challenge. Thus, the data available to show climate variations in East Africa has always needed validation.

The most commonly used method is use of satellite imagery which unfortunately lacks the ability to show actual data for a specific area spanning a couple of kilometers. This data captured by satellite, especially land surface temperature and greenhouse gas emissions might have a certain level of difference with that observed on the ground, commonly referred to as variance. Further, the use of satellite imagery and simulations are often not calibrated to the region where they are applied to and thus have an …