Food Tech Brand Future Farm Raises £42m In Funding

Food Tech Brand Future Farm Raises £42m In Funding

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Plant-based meat producer Future Farm has secured £42 million in Series C funding, as it looks to enter new product categories and advance its technology. Since launching...
Annual Development Effectiveness Report Credits African Development Bank

Great Green Wall Will Turn The Sahel Green Says African Development Bank Chief

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African Development Bank  President Dr Akinwumi A. Adesina has highlighted the importance of stopping desertification in Africa’s Sahel and turning the region green. Adesina spoke...
Kenya’s Twiga Raises $50M To Scale Food Solutions Across Africa

Kenya’s Twiga Raises $50M To Scale Food Solutions Across Africa

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Years ago, Americans spent most of their disposable income on food, but consistent investment in retail infrastructure has changed that. Now, they only spend 6%...
Soybean: High Demand Hampers N640 Billion Oilseed Exports

Soybean: High Demand Hampers N640 Billion Oilseed Exports

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Insecurity and high demand by flour and feed industries have hindered Nigeria from realizing N640 billion ($1.28 billion) from the 1.25 million tonnes of...
Poultry Farmers Groan, Say Soybean Price Rises By 300%

Poultry Farmers Groan, Say Soybean Price Rises By 300%

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The prices of soybean and maize – the basic grains in poultry production – have increased by about 300 per cent and 170 per...
Development Bank Approves $10 Million Equity Investment

Development Bank Approves $10 Million Equity Investment

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The Board of Directors of the African Development Bank  has approved an equity investment of $10 million in the ARCH Cold Chain Solutions East...
Vendease Gets $3.2M To Help Hotels And Restaurants Buy Food Supplies In Africa

Vendease Gets $3.2M To Help Hotels And Restaurants Buy Food Supplies In Africa

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Vendease, an online marketplace that allows restaurants and other food businesses to buy supplies straight from manufacturers and farms, has raised a seed round...
OIKOCREDIT Invest $3.5m in Valency Agro Nig. Ltd

OIKOCREDIT Invest $3.5m in Valency Agro Nig. Ltd

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Cashew processing at Valency Agro Nigeria Ltd have received a boost in capacity with USD$3.5m funding from social impact investor and worldwide cooperative, Oikocredit,...
Food security Dr Akinwumi Adesina Assures Nigeria of Bank’s Strong Support To Achieve Food Security Brandspur

Food security: Dr Akinwumi Adesina Assures Nigeria of Bank’s Strong Support To Achieve Food...

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The President of the African Development Bank Group , Dr. Akinwumi Adesina, received a high-level Nigerian delegation led by the country's Minister of Agriculture...
World Food Day

World Food Day: Time For Global Leaders To Invest In Africa’s Agriculture

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More than six out of every 10 people in Sub-Saharan Africa work in the continent's agriculture sector. We may not realize that what grows...
Low Inventory And Transport Cost Push Price Of Beans To N100,000

Low Inventory And Transport Cost Push Price Of Beans To N100,000

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The price of a big bag of brown beans has skyrocketed to N100,000 as traders lament low inventory and a significant increase in transportation...

Africa Reinsurance Corporation Partners IFC On Agric Insurance

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Developing the  agriculture insurance market in Nigeria has been given a boost as Africa Reinsurance Corporation (Africa Re) and the International Finance Corporation (IFC),...