AFRICA - Private equity firms Bamboo Finance and Louis Dreyfus Holding — which have offices in Nairobi — have jointly launched a Sh5 billion fund for agribusiness investments in sub-Saharan Africa.
KENYA - The Alliance for a Green Revolution in Africa (AGRA) has entered into a Sh1.5 billion partnership with KCB Group to train smallholder farmers on using digital channels to improve efficiency and safety in financial transactions.
SOUTH AFRICA - US agribusiness giants are taking advantage of the weak rand and depressed farm economy in SA to expand their footprint through tie-ups with local companies with the expertise and customer networks they need to penetrate promising regional markets.
ETHIOPIA - Oromia Insurance Company (OIC) S.C. paid a claim of 525,000 Br for 300 farmers in Oromia following crop failure related to the ongoing drought.
KENYA - The lender announced last Friday that Kuria Muchiru and Muniu Thoiti will take over as joint receivers with immediate effect from Mr Small and Kieran Day, who took control of the flower firm in February last year.
ETHIOPIA - Fontana Flowers Plc, the largest Indian based horticulture company in neighbouring Kenya will begin operation of its horticulture farm in Ethiopia in the next few weeks at the cost of 11 million dollars.
KENYA - Simba Corp, holders of the SAME Tractors franchise in Kenya, has opened a national mobile after-sales and spare parts support service.
UGANDA - The Technical Centre for Agriculture and Rural Cooperation (CTA) have launched a 4.5 euro multi-year project in Uganda to benefit more than 350,000 smallholder farmers using satellite data to improve production and marketing of three value chains-maize, soya beans and simsim.
ZIMBABWE - The Ministry of Agriculture, Mechanisation and Irrigation Development has tabled a proposal for $543 million under the 2016 national budget to finance priority areas.
RWANDA - Limited access to finance has for a long time remained a big challenge for farmers. However, this is set to change as financial institutions pledge new initiatives to boost lending to farmers.
NIGERIA - Ecobank Nigeria may have unfolded plans to step up its agriculture sector funding, which current loan portfolio stood at N84 billion.
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