As Africa rapidly emerges as a key player in the global economy, the continent presents a wealth of lucrative investment opportunities across a range of high-growth sectors. From agriculture to energy and manufacturing, Africa’s rich resources, expanding population, and progressive economic reforms are making it a prime destination for investors seeking substantial returns. Agriculture: The Next Frontier in Global Food Production Africa ...

Project amount: $2 million Approval date: October 2023 Status: On-going Project Description This project consists of a $2 million partial trade credit guarantee and a $219,000 grant from the Africa Fertilizer Financing Mechanism to Apollo Agriculture Limited(link is external) for the Fertilizer Financing for Sustainable Agriculture Management project in Kenya. The project has four components: ...

A tea farmer shows the freshly picked purple tea leaves at a purple tea plantation in Muranga County, Kenya, on May 6, 2024. (Xinhua/Han Xu) Kenya’s tea export earnings surged by 18 percent in the first half of 2024, driven by increased shipments to key markets, the Kenya National Bureau of Statistics (KNBS) said on ...

NAIROBI, Kenya Sep 25 – Mercy Corps AgriFin, is set to host its 8th Annual Learning Event (ALE) on October 15-16, 2024, under the theme “Enabling Rural Economies: Creating Lasting Impact for the Digital Ecosystem in Africa.” The two-day event will bring together over 400 participants from across the digital agriculture landscape – including digital ...

I,age: File Photo Kenya’s agricultural sector plays a crucial role in the nation’s economy, contributing about 33 per cent to the GDP and employing over 40 per cent of the population, as reported by the Kenya National Bureau of Statistics (KNBS). The export landscape has notably diversified beyond traditional crops like coffee and tea to ...

Dealers of horticulture in Kenya will be required to get licenses to grow, handle, and sell fruits, vegetables, and flowers under a new Bill. The 2024 Horticultural Crops Authority Bill, sponsored by nominated MP Sabina Chege, mandates county governments to keep a list of all marketing agents, nursery dealers, planting material propagators, and mother block ...

Sub-Saharan Africa, Kenya included, has the lowest uptake of agricultural mechanisation in the world. [File, Standard] While agriculture is the economic activity that contributes the most to Kenya’s GDP, a majority of Kenyans have yet to embrace mechanisation. There is also almost zero use of irrigation, with a majority of farmers relying solely on the ...

Dylan Zhang (5th L), sales manager at Sincerity International Group, poses for a group photo with local farmers at a general machine dealer promotion event in Nakuru county, Kenya, July 26, 2024. (Xinhua) NAIROBI, In the heart of Naro Moru, about 173 kilometers from Kenya’s capital, Nairobi, a Chinese-made plough has transformed how farmer Peter ...

Kenyan farmers are abandoning industrial farming methods for sustainable practices to combat increasing soil acidity. According to the Alliance for a Green Revolution in Africa (AGRA), 63% of Kenya’s arable land is acidic. Because of this, farmers across the country are seeing a drop in crop yields. Experts, like soil scientist Priscilla Wakarera, believe this ...

Henry Carlos from Kenya. Photo: Louise Mouton. Henry Carlos, the appointed Eastern Africa Representative for Karoo Livestock Export, attended the recent International Junior Boerbok course on the farm Chandelier, outside Oudtshoorn. The appointed Eastern Africa Representative for Karoo Livestock Export, Henry Carlos attended the recent International Junior Boerbok course on the farm Chandelier, outside Oudtshoorn. ...