Many commentators have touted Africa as the future breadbasket of the world, which is plausible given the continent’s large areas of open arable land. Investors, too, are seeing the promise in the agriculture sector. Africa Private Equity News, an industry information service, reported a significant number of agribusiness and food-related investments throughout 2018, and the month of October was no different. Some of the most notable deals that took place are highlighted below
In Uganda, the Yield Uganda Investment Fund committed Ush5.1bn ($1.37m) to Central Coffee Farmers Association Ltd (CECOFA), a farmer-owned primary coffee processor located in the capital Kampala. The fund is managed by Pearl Capital Partners (PCP) and was set up with financing from the International Fund for Agricultural Development (IFAD) and quasi-governmental agency National Social Security Fund Uganda (N... Read more
East Africa Entrepreneurs Association(EAEA) in collaboration with Uganda Investment Authority and the Council for Promoting South - South Cooperation (CPSSC) ) invites you to participate in the China-Uganda Investment and Trade forum scheduled to take place on Tuesday, 27th November, 2018 at the conference hall, Sheraton Hotel, Kampala, Uganda.
The Council for Promoting South to South Cooperation is an organization affiliated to the Ministry of Foreign Affairs of the People's Republic of China whose core mandate is to foster and promote cooperation in the fields of politics, economy, culture, education, science and technology between China and Developing countries.
The objectives of the forum will include but not limited to:-
- Promote trade and Investment cooperation between China and Uganda.
- Create a networking platform for B2B exchanges.
- Provide business leaders with a platform to explore business and
Rwanda Development Board and the Ministry of Agriculture are seeking to attract investments, improve market linkages and enhance resilience in agriculture and agribusiness sector with an aim to increase exports and creating more jobs.
Officials from the two sectors made the commitment last week during an Agriculture and Agribusiness CEO Forum, which brought together policymakers, agriculture and agribusiness stakeholders. Over 200 investors convened under the theme “Agriculture and agribusiness development, a catalyst for economic growth”.
Clare Akamanzi, the Chief Executive of RDB, noted that the private sector continues to play an essential role in boosting Rwanda’s economy.
Deadline: 30 September 2018
The HortInvest project in Rwanda is opening the first window of its Investment and Innovation Fund (IIF) on 6 September. With this fund, HortInvest is able to co-invest with companies and cooperatives that want to invest in business cases and innovations in fruit and vegetable value chains in Rwanda.
The HortINVEST IIF will be an important instrument for the HortInvest project to support companies and farmer cooperatives to mobilise private sector investment and promote innovations in production and marketing of fruits and vegetables. These companies and cooperatives are encouraged to develop innovative business cases that are inclusive of small and medium sized farmers.
The Africa Green Revolution Forum, the world’s most important and impactful forum for African agriculture, pulling together stakeholders in the agricultural landscape, will this year host a Dealroom connecting investors with business owners and projects across the agriculture value chain seeking investments.
We invite all entrepreneurs working along the Agriculture value chain to apply for the AGRF Dealroom. The Dealroom is specially designed for entrepreneurs looking to raise capital and connect, directly, with potential investors and development partners.
Businesses seeking investments between $100k-$5m will be considered. We are seeking companies in the growth development phase and looking for expansion capital to scale up their businesses.
The Center for International Forestry Research (CIFOR) envisions a more equitable world where forestry and landscapes enhance the environment and well-being for all. CIFOR is a non-profit, scientific institution that conducts research on the most pressing challenges of forest and landscape management around the world. Using a global, multidisciplinary approach, we aim to improve human well-being, protect the environment, and increase equity. To do so, we conduct innovative research, develop partners’ capacity, and actively engage in dialogue with all stakeholders to inform policies and practices that affect forests and people. CIFOR is a CGIAR Research Center, and leads the CGIAR Research Program on Forests, Trees and Agroforestry (FTA). Our headquarters are in Bogor, Indonesia, with offices in Nairobi, Kenya, Yaoundé, Cameroon, and Lima, Peru.
The primary responsibilities of this Senior Scientist position a... Read more
According to expert reports, agriculture sector in Africa is the least productive in the world. Small-scale and subsistence farmers, pastoralists, and fishermen produce most of the food consumed in this region, yet they continue to face a number of challenges. Lack of capital for investment contributes significantly to the lowering of small scale farmers’ productivity levels.
How can formal financial institutions provide agricultural credit that meets the unique demands of the entire agricultural?
“Agriculture in African countries is massively under-funded”.
1. Financial inclusion and innovation in Agriculture· Inclusive investment
2. Value chain financing· Building competitive commercial Value Chains
3.Doing Successful Agribusiness in Africa· 1) Enabling farmers to think like business people 2) Important Business initiatives and skills
4.Public-private partnerships· 1) Source of le... Read more
Africa’s agribusiness and food sector registered strong private equity deal activity during the past month of May 2018, according to industry information service Africa Private Equity News.
African and International investors are also getting in on the action. Technology is playing an increasingly prominent role in food production and distribution – and venture capital investors are taking note.
See also [link]
Joseph Magami is an urban farmer based in Kawempe, a Kampala suburb. For over three years, Magami has been planting egg plant and Nakati in his quarter acre plot for home consumption. However, the introduction of Magami to Zucchini (Courgette) eight months ago is changing fortunes for the father of three. He currently reaps over Ush 5million per harvest from his plot thanks to the adoption of Zucchini, a high value crop.
Magami is among a group of innovative farmers in Uganda who are fast adopting the cultivation of courgettes as the demand for the high value crop soars thanks to the fast rising middle class. According to Magami, the only challenge to farmers is exposure to the high value crops that are on demand.
... Read moreApart from market challenges that every farmer grapples with, most of us are not enlightened to better high yielding crops and therefore labour with the traditional maize and beans which at the end fetch so little in the market because they are
Since his days as a marketing executive on radio, he has gone on to become the country sales manager of Harris International, establishing his own media agency, Felma before he quit the high paying job to become a member of parliament and now a farmer. Busujju county Member of Parliament, David Lukyamuzi Kalwanga, is a definition of a hustler.
He is no longer worried about when the rains will fall. Farming in Uganda is so much dependent on the weather but being creative is what matters now the 39-year-old, said
Unpredictable rains are now the norm in most parts of Uganda including the central region that used to be wet most of the year. Most maize farmers are enduring the pain of the army worm attack while coffee is wilting yet other crops do not get enough rain to give a substantial yield.
Lukyamuzi has beaten all this by farming oranges and guavas which can thrive in such dicey weather conditions.
Soil needs to be upg... Read more
Last year, a huge investment of tea by Uniliver, a British-Dutch multinational was launched and is constructing a factory in the southern part of Rwanda but for the Rwandan farmer to get their tea to the factory, they need a good road. So we are involved with World Bank and USAID in constructing good roads to help farmers get acess to the factory which in the long run is also good for the quality of the tea.
What have been your efforts in diversifying the mutual business interests and commercial exchanges for the citizens of the two nations?
Slowly we are getting it with the investment of Uniliver, with the tea investment, and last year there was also the launch of DSM’s Africa Improved Foods, a Dutch multinational at the Special economic zone which has been doing investment in nutritional foods. We are also very happy that there is a company in The Netherlands that now has a deal with a company in Rwa... Read more
I retired from Uganda Investment Authority where I was promoting the agricultural sector through crafting of sub sector profiles in Agriculture and promoting the sub sectors through face to face meeting with both potential and existing investors, workshops and conferences. Now that I have retired from the office my desire is cause investments in the rural areas of Uganda. Mine is to do a demonstration of sinking water underground tank of an ambitious capacity of a one million litres but with a minimum of 100,000 litres from my iron sheets (baati) house. Once water is underground, solar pumps be used to pump water to a tank of of 10,000 litres standing high up 8 metres from the ground to irrigate 11 acres of land starting with 2 acres. This year round project offering jobs, incomes, demonstrations and poverty leaving us in peace. I believe if this project takes I will back to the creator a very happy man. God BLESS.
KAMPALA - The Uganda Development Bank (UDB) is to inject sh6b to empower innovators to enhance their skills, acquire more machines as well as market their innovation products.
This, according to Prof. Samuel Sejjaaka, the UDB board chairman, is aimed at creating more jobs and enhancing economic development.
Sejjaaka, during the I-Growth Accelerator awards for 2017/2018 financial year, said the bank will invest sh5b as equity in viable projects, meaning they will partner with innovators until they break even, while the other sh1b will be venture capital.
Read full story here
Do you own or know any one who has an agro-processing company that has existed for atleast 1 year and having annual turnover of atleast Shs 200,000,000, apply for mezzanine or equity financing of up to Shs 3,000,000,000/=.
Apart from providing patient capital to agro-processing companies, COSEF also provides comprehensive Business Development Services (BDS) and Environmental, Social and Governance (ESG) improvements to enable companies grow.
Visit our website-http://www.cosefuganda.org to read more about our investment criteria and contact information.
Hi everyone, I'm really glad and also excited for joining this network. I'm Dharma, and currently as CEO Vestifarm. We're helping farmers to get capital from investors in the city through a digital platform. We're now one of the most-hyped agriculture investment platform with thousands of investors looking for agriculture project that can be invested every month. I'm hoping to collaborate with anyone of you who are willing to foster agriculture sector in Indonesia. Nice to see you all
Wamis initially secured funding from ILO and FAO which facilitated the mobilization and establishment of a farmer out grower scheme in Chibombo area. However, Wamis faced a major challenge in purchasing the soya seed from the farmers when it was ready. They needed finances to purchase up to 25 metric tonnes of soya seed especially bearing in mind that they had a buyer already identified.
AgriProFocus through the Business linkage function facilitated the linkage to an investor who invested a total of K 225 000 in their business. So far they have purcha... Read more
President of the Bank, Akinwumi Adesina, said this in a speech he delivered at the 50th anniversary celebration of the International Institute for Tropical Agriculture (IITA) in Ibadan, Nigeria.
The African Development Bank (AfDB) will invest US $24 billion dollars in agriculture as part of its Feed Africa programme- a strategy for agricultural development in Africa. President of the Bank, Akinwumi Adesina, said this in a speech he delivered at the 50th anniversary celebration of the International Institute for Tropical Agriculture (IITA) in Ibadan, Nigeria. Adesina emphasized that the goal of the Bank is to “ensure that Africa feeds itself within 10 years, and unlocks the full potential of its agriculture.” The IITA hosted a series of events to celebrate 50 years of excellence in research. Dignitaries attended the event from across the continent. The Institute recognized Adesina’s immense... Read more
The 3 Outward Missions London: 23 - 25 May 2017 | Hong Kong: 21 - 23 June 2017 | New York: 25 -28 July Comprises a number of high level events, including a one day African Agri Investment Discovery Forum programme, matchmaking meetings with a pre-selected investment community and businesses with an appetite in African agriculture, site visits
They are there to facilitate access to key decision-makers in the agriculture value chain and investment community. The African Agri Investment Discovery Forum is an investor meeting during which African delegates will communicate excitement, metrics and aspirations to potential investors. The format of the meeting seeks to capitalize on the presence of financiers and investor figureheads seeking opportunities in Africa.
This is a unique opportunity for African stakeholders to:
Showcase African investment opportunities to a carefully selected audience
Meet with key global investors to... Read more
The Irrigation Development Support Project (IDSP), an initiative of the Government of Zambia financed by the World Bank, will finance and establish irrigated farming developments at multiple sites in Zambia. A procurement process has now begun to select an irrigation manager and commercial farm investor for three priority sites in Chirundu, Mulfira and Chisamba districts.
Read more here , also for contacts at IDSP
Cities in sub-Saharan Africa are among the most expensive in the world for businesses, relative to income levels, and will remain “closed to the world” unless policymakers reform urban land markets and invest in infrastructure, a new report by the World Bank has found.
The number of people living in sub-Saharan African cities is growing rapidly: An additional 187 million people are expected to live in urban areas by 2025, the equivalent of the entire population of Nigeria. However, the economies in these cities are not keeping pace because they are crowded, disconnected and costly, according to “Africa’s Cities: Opening Doors to the World,” a report published today.
These factors make cities such as Lagos in Nigeria, Dar es Salaam in Tanzania, and Kampala in Uganda relatively unattractive to investors and entrepreneurs, meaning they produce few goods and services for trade on global and