World’s top cocoa grower is said to shift to direct sales from auctions
Businessam StaffFebruary 12, 2019
Ivory Coast is moving away from a cocoa-auction system in favor of direct sales to traders, bringing the marketing process in the world’s top producer closer to that of neighboring Ghana, people familiar with the matter said. The West African country is selling beans directly to some of the world’s top traders instead of favoring […]
AfDB reiterates its commitment towards investing $24bn in African agriculture to fight hunger
Justice OkamgbaSeptember 26, 2018
The African Development Bank (AfDB) has reiterated its commitment towards investing U$24 billion in African agriculture over the next 10 years in an effort to lift one billion people worldwide out of hunger. “We are not winning the war against global hunger,” Akinwumi Adesina, president of the bank told an agriculture conference at Purdue University in […]
Nigeria’s agric mechanisation can grow on simple equipment
Temitayo AyetotoSeptember 10, 2018
Zhengzhou Taizy Trading Co. Ltd, is an enterprise integrating research with the development of specialised agricultural equipment such as seeder, trans-planter thresher, cultivator, miller and harvester, among others. It is one the potential firms lured by Nigeria’s efforts at attracting foreign investment in agriculture and was at the China Homelife Fair Nigeria in Lagos to […]
Smart economic policies matter for African green revolution
Temitayo AyetotoSeptember 10, 2018
Great ideas about driving an unprecedented revolution in Africa’s agricultural landscape, especially with regards to infrastructure, increased financing, or feritilizer provision may not materialise except smart economic policies are installed and implemented to support agriculture. In fact, if deliberate government efforts are not channelled towards ensuring that local demand is heavily reliant on local capacity, […]
Nigeria, Germany sign MoU on agric, commerce
Agency ReportAugust 31, 2018
Nigeria and Germany on Friday in Abuja signed two Memoranda of Understanding (MOU) in agriculture and commerce. The first agreement was signed between the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the German-Africa Business Association. The First Deputy National President of NACCIMA, Hajiya Saratu Iya-Abubakar, signed on behalf of Nigeria, […]
CBU Lecture: Audu Ogbeh to discuss adoption technology in agriculture
Businessam StaffAugust 20, 2018
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has accepted to speak at the 19th annual lecture series of the Catholic Brothers United, CBU, scheduled to take place on Sunday, August 26, 2018, at the McGovern Hall, St. Agnes Catholic Church, Maryland. The Minister will be speaking on the theme, “Technology & Agricultural […]
AFEX, Farmcrowdy, Africanfarmer.ng, Yefadot, Probity ruffle old feathers with virtual markets
Temitayo AyetotoAugust 13, 2018
Agric commodities trading Structured system of agricultural commodity trading in Nigeria is not entirely an alien concept as it appears today, with the scarcity of efficient models of exchanges. Different from the informal system or open market method, standard commodity exchanges provide the platform for organised, efficient and transparent trading of selected commodities. But this […]
Nigeria’s minister, Ogbeh, makes case for softer duties on agric machinery
Temitayo AyetotoJune 6, 2018
Nigeria needs to increase its attraction to foreign investment in the agricultural sector by softening import duties on farming machinery and implements considered to be high by many investors, Audu Ogbeh, the country’s minister of agriculture and rural development has said. He said he would present the matter before relevant authorities within the government, saying […]
AfDB trains 733 Nigerians on agro technology
Temitayo AyetotoMay 3, 2018
The African Development Bank (AfDB) said it has trained about 733 people in Nigeria on increased use of technology in agriculture. The AfDB disclosed this in its 2017 Annual Development Effectiveness Review on Thursday in Abuja, saying that the training was part of the Feed Africa project (2016 to 2025) under the high five priority […]
Technology, adequate finance, key to Nigeria’s agro-revolution
Goddey OdinMarch 6, 2018
Ayodeji Balogun, Africa director of Afex Commodities Exchange Limited, asserted that to have revolutionised agriculture sector in Nigeria, farmers must have easy access to finance and the application of technology. Balogun stated this at a one-day workshop themed “CodeCashCrop,” organised by Afex Commodities Exchange Limited in collaboration with Dalberg Global Development Advisors, AgroNigeria, Nigeria Incentive-Based […]