Market News | IFMEX AFRICA 2023

Market News

  • Kenya one of the nations in Africa to gain from Microsoft's Digital Transformation Program for the agriculture industry.

    Posted on :Wednesday , 30th November 2022

    Microsoft established a cooperation with the International Finance Corporation (IFC) to support digital transformation through its Africa Transformation Office.


    The goal of this programme is to give farmers access to real-time data-producing digital technologies.


    IFC will be in charge of overseeing the programme for digital transformation's corporations and. . .

  • Kenya gives Bangladesh a significant amount of agricultural land.

    Posted on :Friday , 26th August 2022

    In light of Bangladesh's considerable success and good experience in the industry, Kenya has invited Bangladesh to utilise the huge farmland of the African nation for food production.


    It also expressed interest in fostering business partnerships, capital investments, and training and knowledge transfers in the fields of agriculture, information technology, women's empowerment. . .

  • EUR 63 million loan, approved by the African Development Bank to boost the production of cereals and oil seeds.

    Posted on :Monday , 8th August 2022

    The African Development Bank Group's Board of Directors has granted a €63 million loan to Kenya to help it increase its production of cereals and oil seeds by more than 1.5 million metric tonnes over the next two years. The increased output will support the country's food security and economic resiliency.


    The loan is a component of the $1.5 billion African E. . .

  • UK's investment initiative to rejuvenate Kenya's agricultural sector

    Posted on :Tuesday , 28th June 2022

    Farmers in Kisumu can now sigh with relief as the County Government unveiled a major agriculture investment programme designed to revive the industry in collaboration with a UK-based company, United Green Group (UG).


    The sustainable agri-food initiative would give the local farmers access to agro-industrial infrastructure, farming services, and sustainable agricultural practi. . .

  • Kenyan potato framers nearing a deal with KFC.

    Posted on :Tuesday , 14th June 2022

    Kenyan potatoes will be on the menu at Kentucky Fried Chicken (KFC) in the coming month. The Kenya Private Sector Alliance (KEPSA), the Agriculture Sector Network (ASNET), and the American fast food company all intervened.


    ASNET chairman Bimal Kantaria said they contacted KFC's leadership and, in collaboration with the Kenya Potato Council, devised a strategy for KFC's utilis. . .


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