Category: Agribusiness
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Injaro exits M&B, Ghana’s leading maize seed producer
Injaro Agricultural Capital Holdings Limited (IACHL), the impact investment fund managed by Injaro Investments, has announced the sale of its 30% stake in seed producer M&B Seeds and Agricultural Services Ghana Limited (M&B), to the founder and other shareholders. This share sale represents a full exit from M&B after a holding period of ten (10)…
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COCOBOD borrows $2 billion in response to improved production by farmers
Better than expected, cocoa production for the 2020-2021 crop year has led the regulator of the sector, the Ghana Cocoa Board (COCOBOD), to borrow extra on the domestic market, to among other things mop up the excess cocoa beans being produced by farmers. COCOBOD has so far sold $2 billion (GHS 11.7 billion) of six-month…
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Ghanaians urged to explore urban gardening as viable option for generating income
Ghanaians have been urged to develop an interest in home gardening as an additional sustainable business that can make them extra income. The Managing Director for Urban Jungle, Selorm Agudu while speaking during the on-air series of the Citi Business Festival said urban or home gardening has the potential of becoming a major source of income…
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Private sector, policymakers must dialogue on growth of local agriproducts – Kwasi Korboe
The Managing Director of Ghana Incentive-based Risk-sharing System for Agricultural Lending (GIRSAL), Kwasi Korboe, has called for greater collaboration and engagement between the private sector and policymakers in a bid to improve the production and processing of agriproducts in the country. Speaking on the third edition of the virtual forum of the 2021 Citi Business…
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Implement stringent measures to curb smuggling of fertilizer – GAWU to government
The General Secretary of the General Agricultural Workers Union (GAWU), Edward Kareweh, believes that the issue of fertilizer smuggling in Ghana can only be dealt with effectively if the Ministry of Food and Agriculture has adequate backing from the presidency as well as the various security agencies. His remark follows the growing incidents of fertilizer…
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Agricultural Development Bank supports agribusinesses in Ghana
Many Ghanaians heaved a sigh of relief when the government introduced the One District One Factory (1D1F) initiative, which is aimed at building strong value-addition-oriented companies as well as reducing the unemployment rate in the country. Although some private companies have received some forms of support under the initiative, many have not received the support…
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Italian cold chain and logistics giants ready for long-term partnerships in Ghana
Perishable goods such as fruits, meats, dairy, and pharmaceuticals need special care during storage and transportation to preserve their wholesomeness and protect consumers’ health. Technologies and expertise for the safe movement of these products are therefore critical in the agribusiness value chain, especially in the post-production processes. With Italy being a global leader in the…
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Fertilizer smuggling seriously affecting rice production in northern Ghana – Peasant Farmers
The Peasant Farmers Association of Ghana is lamenting the growing incidents of fertilizer smuggling in the country. According to the association, the development is affecting the production of various commodities, especially rice. The Head of programmes and Advocacy, Charles Nyaaba, in an interview on the Citi Breakfast Show, said the smuggling is prevalent in the…
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#CitiBusinessFestival: Don’t be absentee farmers – Prof. Sottie cautions agribusiness entrepreneurs
Prospective agribusiness investors in Ghana have been cautioned against deferring the management and supervision of their farms completely to local farmers without frequenting the farms themselves. According to Professor Edmund Sottie, a Principal Research Scientist at the Animal Research Institute of the Centre for Scientific and Industrial Research (CSIR), there is a greater risk of…
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Citi Business Festival enters week 3; focuses on agribusiness
Ghana imports about $2 billion worth of food and food products into the country annually. With a youthful population, swathes of arable land, water sources and favourable climatic conditions, Ghana should be able to produce enough of all its food needs for local consumption and even more for export. Against the aforementioned background, the Citi…