Thirteen ventures, including the ones in Africa, are the recipients of around US$13mn in funding from the Powering Agriculture: An Energy Grand Challenge for Development (PAEGC) programme
African agri ventures part of US$13mn global fund
Crops
Mansa Sugar plans sugar factory in Zambia for US$6.6mn
Mansa Sugar Limited is planning a sugar plantation and processing factory in Chembe, Zambia for around US$6.63mn
CBN banks on SMEs to improve agriculture sector in Nigeria
The bankers committee of the Central Bank of Nigeria (CBN) have decided to grant US$1.2bn to Nigeria’s agriculture sector by supporting small and medium enterprises (SMEs)
Olam International acquires ADM’s cocoa business, strengthens presence in Ghana
Ghana’s leading agri-commodity company Olam International has completed the acquisition of Archer Daniels Midland (ADM)’s cocoa business
ADB and AFD sign US$15mn agreement to support Ghana’s rubber initiative
The Agricultural Development Bank (ADB) and Agence Francaise de Developpement (AFD) have signed a US$15.34mn finance agreement for the fourth phase of the Rubber Outgrower Project in Ghana
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