RTI International, a non-profit research and global development institute, has been selected by the United States Agency for International Development (USAID) to lead a new program aimed to sustainably reduce poverty and malnutrition in Senegal through growth in the agriculture sector. The five-year Feed the Future Senegal Value Chain Services Activity will continue and build […]
Kenyan Agtech Startup, IProcure To Expand Across East Africa Following US$10.2m Series B Funding
iProcure, B2B Kenyan agtech start-up supplying agricultural inputs, has announced the close of a US$10.2 million Series B funding round that raised debt and equity from a diverse group of international investors led by Investisseurs & Partenaires (I&P). The funding will support iProcure’s expansion into Uganda and Tanzania, as well as the launch of a […]
Spur Corporation Records Success In Revenue Growth
South Africa headquartered fast–food chain operator, Spur Corporation, has reported 32.5% growth in revenue to R2.4 billion (US$141.3m) in the year ended June 2022. Spur Corporation, whose brands include Panarottis, John Dory, Spur Steak, Hussar Grill and RocoMamas, says easing Covid-19 restrictions helped franchised restaurant sales slightly exceed pre-pandemic levels. The stellar performance was also […]
OK Zimbabwe Seeks To Unbundle Business Into Group Of Companies
Zimbabwe Stock Exchange (ZSE) listed retail outlet, OK Zimbabwe, has hinted at restructuring of the company that would entail unbundling into a group of companies. OK Zimbabwe trades under three highly recognised brands namely OK Stores, Bon Marche, and OK Mart. The retailer sells products in its grocery range under its own home brand; OK […]
Ghana Export-Import Bank Boosts Coconut Production In New US$3.2m Project
Ghana Export-Import (EXIM) Bank has embarked on a GH¢ 30 million (US$3.2m) Coconut for Life project targeted at increasing the country’s coconut production. Under the project, about one million nuts of the Sri Lankan Green Dwarf crossed to the Vanuatu Tall hybrid variety will be produced in the next five years, reports Ghanaian Times In […]
Hello Tractor Gets New Investment To Beef-Up Agri-Mechanization Capacity In Africa
As part of its strategy to boost sales in Africa, Deere & Company, a U.S. tractor maker, has made a minority investment in Hello Tractor, an ag-tech company based in Nairobi, Kenya, Hello Tractor connects tractor owners with smallholder farmers in Africa and Asia through a farm-equipment-sharing app, which allows farmers to track and manage […]
Shoprite Acquires New Trucks For More Efficiency
Giant retailer Shoprite, has beefed up its logistic operations with acquisition of more than 100 of fuel-efficient trucks dubbed Scania Euro V trucks. The trucks, according to the retailer have a proven fuel saving of around 10% along with lower emissions, forming part of the group’s commitment to reduce its environmental impact. “Operational and supply […]
Tanzania To Build Two Avocado Processing Plants To Curb Post-Harvest Loss
The government of Tanzania seeks to channel Tsh 3 billion (US$1.29m) in the construction of two avocado processing plants to curb post-harvest loss and increase export earnings. The processing facility set to be established in the Iringa region in the south of the country is expected to have a processing capacity of 3,600 tonnes of […]
Facts You Didn’t Know About Peanut Butter
Studies have shown that eating peanut butter can help lower cholesterol, aid in weight loss and prevent type 2 diabetes. Bet you didn’t know this either, but peanut butter glows in the dark after it’s exposed to intense light! Peanut butter can also be made to make diamonds! How, you ask? Well, simply put, you […]
Starch In Green Bananas May Slash Risk Of Some Cancers By Over 60%, Study Finds
A study has identified a starch in unripe bananas that can reduce the risk of some cancers by more than 60 percent—and scientists say it’s the first trial that points to a diet supplement that may be able to prevent hereditary cancer. The research involving people with high hereditary risk of a wide range of […]