Agriculture News

Aliko Dangote (L) poses for a selfie picture with Director General of BPI Nicolas Dufourcq

Africa's richest man Aliko Dangote to invest $700M to create West Africa's largest sugar plantation

Africa’s richest man, Aliko Dangote plans to invest $500 million in establishing a sugar processing facility in Nasarawa State, Nigeria.

Akinwumi Adesina, President of the African Development Bank. Credit: WSJ

The five keys to a more prosperous Africa: Akinwumi Adesina, President of the African Development Bank

Akinwumi Adesina, President of the African Development Bank, lays out his vision for economic growth and a better life for Africans.

Africa's best-performing hedge fund launches food-focused private equity fund

Africa's best-performing hedge fund launches food-focused private equity fund

Polar Star targets agriculture as food demand outstrips supply. Commodity hedge fund beats peers over five-year period.

Kemi Adeosun, Nigeria's Minister of Finance

Nigeria to tap private capital, boost spending on infrastructure

Nigeria aims to rise the proportion of government spending devoted to infrastructure to 30 percent from 10 percent and to mobilize private capital for additional funding.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote plans rice mill in Nigeria to tap growing demand

Dangote Group, controlled by Africa’s richest man Aliko Dangote, plans to launch a rice mill with a farm scheme in Nigeria to tap growing demand for paddy in Africa’s biggest economy.

EXEO Capital's Sub-Saharan Africa agribusiness Agri-Vie Fund II attracts over $100M in first close

EXEO Capital's agribusiness Agri-Vie Fund II attracts over $100M in first close

EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund, focused on the food and agribusiness sector in Sub-Saharan Africa.

Job Opening - Agro Economist

Job Opening: Agronomist / Agriculture Economist / Agriculture Consultant

A newly formed commercial agriculture venture in Nigeria is looking to hire an Agronomist/Agriculture Economist/Agriculture Consultant.

Aliko Dangote, Founder & CEO, Dangote Group

Dangote & China's Sinotruck partner to build $100M truck plant in Nigeria

Africa’s richest man Aliko Dangote has partnered with China’s heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export.

Dangote Industries cement plant in Dakar, Senegal

Gulf investments in Africa beginning to spread far and wide

Traditionally, investments from the Arabian Gulf into Africa have focused on North Africa, owing partly to closer cultural ties and the Gulf’s focus on western markets. This scenario is slowly changing and so too are the pan-African investment strategies of Gulf investors.

These 6 Sectors of Africa's Economy Are Poised for Growth - McKinsey

These 6 sectors of Africa's economy are poised for growth: McKinsey

In 2011, we published an article in HBR examining the surprisingly rapid growth of African economies and consumer markets.

Buffalo Mall, Naivasha, Kenya

East Africa's second-tier cities hold untapped potential

Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.

Diane Radley, Old Mutual Investment Group

Why Old Mutual is investing millions in Nigeria's property and agriculture markets

This month, South African financial services firm Old Mutual Investment Group announced a partnership with Nigeria’s sovereign wealth fund for the investment of US$700m in real estate and agriculture.

Ada Osakwe, Founder & CEO, Agrolay Ventures

How I moved from the public sector to the private sector: Ada Osakwe, Founder & CEO, Agrolay Ventures

I have a first-class degree in Economics from the University of Hull, UK. I have a Master’s degree in Economics and Finance from the University of Warwick, UK, and an MBA from the Kellogg School of Management at Northwestern University, USA.

Aliko Dangote (Left), Kola Karim, Temitope Balogun (TB) Joshua & Ade Ayeyemi

How Nigeria's top tycoons made their fortunes

Between the politicians and the rich, there is considerable overlap. Running a political campaign is extraordinarily expensive in Nigeria, and many a senator is heard complaining, in private, about how much money is needed to buy a seat.

Mark Okoye, Executive Director & Secretary, Anambra State Investment Promotion and Protection Agency (ANSIPPA)

Invest Nigeria - Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)

In March 2015, Anambra was ranked the most transparent and accountable state in Nigeria, complying with all the set standards in public sector accounting, according to the International Public Sector Accounting Standards (IPSAS).

Olam steps up Nigeria milling business with $150 million investment

Olam steps up Nigeria milling business with $150 million investment

Olam aims to cement its wheat milling stature in Nigeria. The agribusiness company is stepping up its wheat milling business in Nigeria as it invests $150 million in the country.

Sunny Verghese, Co-Founder, Group Managing Director and CEO, Olam

Olam Bets on Africa Reward as On-The-Go Food Demand to Climb

Olam International Ltd., one of the world’s largest food traders, is hunting for more investments in Africa as it looks to benefit from the continent’s increasing appetite for everything from instant noodles to lollipops.

Mitchell Prather, Managing Director, Djembe Communications

We see opportunities in every conceivable sector in Africa: Mitchell Prather, Managing Director, Djembe Communications

We are seeing inquiries from a number of public and private sector entities representing a wide variety of sectors, including financials, agriculture, infrastructure and hospitality, to name a few.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote opens Nigeria tomato factory to vie with Chinese imports

Dangote Group, owned by Africa’s richest man Aliko Dangote, opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at vying for the local market with imports from China.

UK investors eye Africa's burgeoning opportunities

Africa is one of the few bright spots on the global economic horizon, says billionaire investor George Soros

Investor and philanthropist George Soros has described Africa as ‘one of the few bright spots on the global economic horizon’, while consultants McKinsey say that the continent offers higher returns than any other developing region.

Akinwumi Adesina, President, AfDB

Africa growth stays strong even as China slumps: Akinwumi Adesina, President, AfDB

Strong investment flows to Africa will sustain high economic growth on the continent even amid low oil prices and a slowdown in China, African Development Bank President Akinwumi Adesina said.

Deepak Malik, Africa Regional Director, Norfund

Norway fund mulls West Africa expansion with Ghana investments

The Norwegian Investment Fund for Developing Countries is considering investments in financial-services and clean-energy businesses in Ghana as the institution extends its scope to West Africa.

Carolyn Campbell, Managing Director and Founding Partner, Emerging Capital Partners. Credit: avca-africa.org

African private equity - The bright continent: Carolyn Campbell, MD, Emerging Capital Partners

Last year, a record $4bn (€3.7bn) was ploughed into private equity fundraising in Africa.

An Ethiopian coffee farmer (AP Photo/Sayyid Azim)

Commodity exchanges can help unlock Africa's agricultural potential: Paul Boateng, former British High Commissioner to South Africa

With agriculture making up approximately 65% of Africa’s labour force and 35% of the continent’s GDP, the sector’s capacity to help realise major continental development priorities is beyond doubt.

Bamboo Finance and Louis Dreyfus Holding launch Sub-Saharan Africa agribusiness investment fund

Bamboo Finance and Louis Dreyfus Holding launch Sub-Saharan Africa agribusiness investment fund

Bamboo Finance, a private equity firm specializing in investments in developing economies, and Louis Dreyfus Holding, which owns a controlling stake in leading global agribusiness Louis Dreyfus Commodities, recently announced a partnership to launch and jointly manage the NISABA agribusiness investment fund.

Alassane Ouattara, President of Ivory Coast

President Alassane Ouattara sees transformative potential in Ivory Coast's economic comeback

President Alassane Ouattara sees transformative potential in Ivory Coast’s economic comeback — not just for his country, but also for the largely untapped and underserved west African market of more than 300m.

Dow Chemical seeks to triple Africa revenue in five years

Dow Chemical seeks to triple Africa revenue in five years

Dow Chemical Co plans to triple its revenue from sub-Saharan Africa in the next five years and is investing in offices, local staff and manufacturing plants on the continent to meet that target, its head of the region said.

Dominique Lafont, Senior Advisor, KKR

KKR to invest $100M in Africa over the next year and make Nigeria regional base

KKR & Co. L.P. might be turning to Africa as its next hotspot for private equity investments.

Ethiopia aims to grow tourism threefold in five years

Ethiopia aims to grow tourism threefold in five years

Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa’s fastest-growing economies.

Growth: some are taking their sugar expertise to the mainland

Mauritius vies with larger African neighbors to be continental hub

As Mauritius developed into one of Africa’s wealthiest and advanced nations, the island nation’s focus tended to be far beyond the shores of its home continent.

Diane Radley, CEO, Old Mutual Investment Group. Credit: venturesafrica.com

Old Mutual Investment Group follows parent company in expansion beyond South Africa into rest of continent

Old Mutual Investment Group says it is interested in buying property assets in east and west Africa and seeks to invest between $18 million and $37 million acquiring such assets.

South Africa’s bold priorities for inclusive growth - McKinsey Global Institute

5 things South Africa can do to raise GDP by $1 trillion & create 3.4 million jobs: McKinsey Global Institute (Infographics & Report)

In the two decades since South Africans worked together to transform their political landscape and usher in a new democracy, the country has made remarkable progress.

Johannesburg skyline | Source: Shutterstock

South Africa still leads the rest of Africa on foreign investment

Despite an overall deceleration in growth in recent years, South Africa leads as the top destination in Africa for inward foreign direct investment (FDI) and shows clear economic potential, according to new research from fDi Markets.

Akinwumi Adesina assumes office as 8th President of the African Development Bank Group

Adesina assumes office as 8th President of the African Development Bank Group

Former Nigerian Agriculture Minister Akinwumi Adesina formally assumed office as the 8th elected President of the African Development Bank Group (AfDB) on Tuesday, September 1, 2015.

The Africa Competitiveness Report 2015 - WEF, AfDB, OECD & World Bank

The Africa Competitiveness Report 2015: WEF, AfDB, OECD & World Bank (Infographics & Report)

The Africa Competitiveness Report 2015 comes out at an auspicious moment for the continent. Africa’s solid average growth rate of more than 5 percent over the past 15 years bears witness to the region’s impressive economic potential.

Olusegun Obasanjo, former President of Nigeria

Olusegun Obasanjo: My African utopia

Thirty-five years in the life of any human institution should not normally be considered too distant to predict its course of progress. After all, it is only a little over a generation away. What is more, those who will shape and influence what Africa will be by the middle of the 21st century are almost all already born.

Dar es Salaam, Tanzania

Africa Rising: Now is the time to invest in the world's fastest-growing continent - CFA Institute

Ever heard the phrase “Africa is not for sissies”? Having been born and raised in South Africa, I’ve certainly said it many times — we tend to think it takes a certain amount of “toughness” (perhaps a little braggadocio?) to survive and thrive in the world’s second-largest and second-most-populous continent.

Nigeria's ban of foreign currency deposits 'good for economy and Naira'

Nigeria's ban of foreign currency deposits 'good for economy and Naira'

The Central Bank of Nigeria (CBN) has welcomed a decision by national banks not to accept foreign currency cash deposits in a bid to bolster the country’s currency.

Nigeria's Biggest Miller Targets Acquisitions for Growth

Nigeria's Biggest Miller Targets Acquisitions for Growth

Flour Mills of Nigeria Plc, the country’s biggest miller by market value, will seek expansion opportunities in Africa after streamlining its domestic business to focus on food in the continent’s biggest economy.

General Electric Co (GE) CEO for Africa, Jay Ireland. Photographer: Patrick T. Fallon/Bloomberg

GE books $2.5B in African orders from oil to locomotives, beating 2018 target by $500M

General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.

Nigerian billionaire business man Aliko Dangote. Credit: Benedicte Kurzen/NOOR/theafricareport.com

Billionaire Aliko Dangote's smooth landing

With a new government in power, the business magnate is betting on his huge refinery and agriculture projects taking off. Meanwhile, Dangote Cement continues an expansion plan that has left others scrambling to catch up.

Agricultural Growth in West Africa - Market and Policy Drivers: FAO

Huge opportunities for agriculture growth in West Africa: FAO (Report)

New report sees regional integration as high road to making the most of changing food patterns and dynamic populations. West Africa has unprecedented opportunities for agricultural growth, but making the most of them will require more effective regional integration.