Acute food insecurity may hit Nigeria, 17 others- UN report
Acute food insecurity is projected to worsen in magnitude and severity across 18 hunger “hotspots,” including Nigeria. This was revealed in a recent report from the United Nations. The report emphasised the immediate need for assistance to prevent femine in Gaza and Sudan, as well as the worsening hunger crises in Haiti, Mali, and South […]
Urgent action needed to tame food inflation
“An old woman is always uneasy when dry bones are mentioned in a proverb.” This is a popular saying from Chinua Achebe’s “Things Fall Apart.” These days, I feel like that old woman in the saying, especially when I see skits where food is wasted and there are too many of them now. I don’t […]
Funding: The U.S. African Development Foundation
The U.S. African Development Foundation (USADF) is inviting applications from African cooperatives, producer groups, and enterprises for grant financing. The grant will support innovative solutions that extend the enterprises’ capabilities to increase revenues, create jobs, improve farmer incomes, and achieve sustainable market-based growth. Selected applicants will receive a grant funding up to US $250,000. Apply […]
Odnaworld 2023 Market Report
Farmers are vital to the agricultural sector and the economy. It is important to support them by providing tools, resources, and assistance. Investing in agriculture ensures food security, job opportunities, and economic growth. Supporting farmers benefits the overall economy, as the industry contributes to GDP and employs millions of people. Access to modern farming technologies […]
Ahead of Nigeria elections, residents stock up on food, essentials
By Abraham Achirga KANO, Nigeria, Feb 24 (Reuters) – At a market in Nigeria’s northern Kano state customers stocked up on Friday on food and essentials, uncertain of the outcome of Saturday’s election to choose a new president and lawmakers, in a country where voting has sometimes been followed by violence. Shortages of cash and […]
Food prices drop in Katsina State as cash crunch bites harder
Prices of grains and other food items have fallen in Katsina State as the current cash crunch continues to bite. A correspondent of the News Agency of Nigeria (NAN) reports that the prices of maize, guinea corn, millet and beans have gone down compared to what obtained about three weeks ago. A grains seller, Alhaji […]
Egyptian restaurant tech startup OneOrder receives US$6.5m from Contact Factoring
EGYPT – OneOrder, Egyptian online one-stop shop that provides food supplies to hotels, restaurants and cafes, has secured a EGP125 million (US$6.5 million) working capital facility from Contact Factoring, a subsidiary of Contact Financial Holding, a leading non-banking financial services company. Founded by leading Egyptian restaurateur Tamer Amer – the founder of Fuego Sushi and […]
Honeywell Flour Mills registers loss in Q1 despite 23% growth in top-line performance
NIGERIA – Leading wheat-based products manufacturer in Nigeria, Honeywell Flour Mills Plc, has reported a 23% rise in revenue to N40.6 billion (US$96.9m) in the first quarter ended June 30, 2022 compared to N33 billion (US$78.7m) recorded in the corresponding period in 2021. Despite the growth in revenue, the company reported a N2.4 billion (US$5.7m) […]
Kakuzi partners with Driscoll’s to venture into blueberries export market
KENYA – Kenyan listed agri-business firm, Kakuzi PLC, has entered into a partnership with Driscoll’s, world’s leading marketer of berries, to grow the local and export volumes of blueberries. Driscoll’s is the global market leader in fresh strawberries, blueberries, raspberries and blackberries. ADVERT With more than 100 years of farming heritage, the international company is […]
How is the international community addressing the third global food crisis in 15 years?
By:Alberta Guerra, Senior Policy Analyst The world is experiencing the third global food crisis in 15 years. The impact of Russia’s invasion on Ukraine is exacerbating the effects of climate change, conflicts, and the Covid-19 pandemic on the poorest communities. The recent skyrocketing of food and fuel prices is a further signal that the current […]