The Bank of Ghana is forecasting a supply deficit for the cocoa market in the ongoing 2021/22 season with cocoa prices forecast to average about $2,450 in 2022, before increasing …
Food Production
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AfricaAFRICA NEWSAgricultureBusinessFood ProductionGhanaNewsOil & GasWestern Africa
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AfricaAFRICA NEWSAgricultureBusinessFood ProductionGhanaNewsWestern Africa
MEDA, GSA partner to launch Code of Practice for Ghana’s cashew industry
The Mennonite Economic Development Associates (MEDA) which is implementing the Farmers’ Economic Advancement Through Seedlings (FEATS) Project has developed a Code of Practice for Cashew Planting Material Production in collaboration …
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AfricaAFRICA NEWSAgricultureBusinessEconomyFood ProductionNewsNigeriaWestern Africa
Nigeria incurs N3.5tn post-harvest loses annually, says Minister
The Federal Government of Nigeria on Thursday put the economic cost of post-harvest losses at N3.5 trillion annually in the Agricultural sector. The Minister of State for Agriculture and Rural …
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AfricaAFRICA NEWSBusinessEgyptFood ProductionNewsNorthern Africa
Egyptian food exports rise 2.4% in H1
Egyptian exports of food industries grew by around 2.4% year-on-year (YoY), or $51 million, during the first half of 2022, recording $2.169 billion. This was disclosed in a report by the Food …
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Ghana Exim Bank Launches raw material development project
The Ghana Exim Bank has launched the raw material development project aimed at addressing raw material shortages among companies it is financing. According to the bank, most of the factories …
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BusinessEastern AfricaFinance & ServicesFood Production
KRA Pursues probe of Kakuzi in tax evasion allegations
The Kenya Revenue Authority (KRA) has opened investigations against food producer Kakuzi over allegations of paying less tax as a result of cross-border financial deals with its majority shareholder Camellia …
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AfricaAgricultureBusinessFood ProductionNewsNigeriaWestern Africa
AFDB grants Nigeria a $134 million loan for wheat production
The federal government of Nigeria has announced that it received a $134 million loan from the Africa Development Bank (AFDB) to boost wheat production. The Minister of Agriculture and Rural Development, Muhammad …
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The Capital Markets Authority (CMA) has questioned the chief executive and finance director of listed food producer Kakuzi over allegations of shifting profits abroad and conflict of interest by its …
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AfricaAgricultureBusinessFood ProductionNewsNigeriaWestern Africa
Federal Government of Nigeria sets up Committee to boost Cocoa production
The Federal Government of Nigeria, on Tuesday, launched the National Cocoa Management Committee (NCMC), to tackle some of the challenges in the cocoa sector. Speaking at the inauguration of the …
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BusinessEconomyFood ProductionFood ProductionGlobal NewsNewsWestern Africa
A day of relief for the world as Ukraine’s first grain ship set sail
The first consignment of grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the …