Category “Markets”

Kenya: Commercial Agriculture Grows Farmland Values

Several landowners have placed farms on sale in recent months, with a sneak preview of pricing signalling rising values for upcountry real estate.

Most of the farmland on offer is being sold in blocks, with intention to attract serious commercial agriculture investors, moving away from earlier patterns where land was sub-divided for housing estates.

Growing demand for commercial farming and development [commercial and residential properties] is reflected on the rapidly rising land values countrywide.

For instance, a 41-acre farmland in Ol Kalou, Nyandarua county, has been placed on sale at an asking price of Sh37.5 million. This pegs a price tag of Sh914,635 for an acre, which is relatively high for farmland located 162 kilometres from Nairobi.

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Nigeria: Agriculture, Consumer Goods to Earn Nigeria, S’africa U.S.$2.6 Trillion By 2020

BY year 2020, Nigeria, South Africa, Kenya, Egypt and other sub-Saharan African countries are expected to earn about $2.6 Trillion from resources including agriculture, consumer goods and infrastructure growth.

Although the continent faces significant challenges; opportunities are said to also abound, going by the fact that 60 per cent of the world’s unused agricultural land is in Africa.

Besides, the continent is adjudged to be very rich in a broad range of resources and has large market with increasing disposable income.

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East Africa: Rwandan Farmers Gain From EAX

Kigali — Farmers here will benefit from the recently launched regional commodity exchange market, because it is now possible to trade their produce on a regional platform which can offer higher returns.

“The East African Exchange market serves the East African Community. Rwanda being part of it is very crucial since this will give a chance to farmers to produce quality products compete with other traders on market hence gain more from their trade,” Kadri Alfah, the Chief Operations Officer at EAX said.

“We have started working with different farmers’ cooperatives (about 120.000 farmers) through the Ministry of Agriculture and Animal Resources and these are going to help other farmers bring their produce to our warehouses,” Kadri said.

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South Africa: City Women Generate Food & Income on Tiny Urban Plots

Cape Town — “It’s a lot of work”, says Mama Lulama Jim as she takes respite from the wind in a makeshift container kitchen. She pauses to study her notes made during an early morning inspection of the current crops of cabbage, carrots, spinach, brinjal and spring onion.

“It’s a lot of work, but we manage because we have a passion for farming”. Mama Jim is part of a revival of urban agriculture in the townships of Cape Town. On the back of higher food and commodity prices, micro farmers like Mama Jim are using tiny parcels of land to grown food for their families and to generate an income.

She and three other women, all over the age of 60, run a communal food garden in Gugulethu, a township on the outskirts of Cape Town.

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Africa: Agriculture Cornerstone of Southern Africa’s Economy

Livingstone — Although southern Africa’s growth has been driven by minerals and other natural resources, agriculture offers the greatest potential for transforming the Southern Africa’s economy.

Speaking at the official opening of the 20th Session of the Intergovernmnetal Committee of Experts (ICE) in Livingstone, Zambia, Secretary to the Treasury, Fredson Yamba, representing Minister for Finance, Republic of Zambia, Alexander Chikwanda said that agriculture remains one of the most important source of revenues and foreign exchange earnings for governments in the region contributing an average of 30 percent gross domestic product and about 70 percent of employment in Southern Africa.

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Ethiopia: Trade Barriers Worsen Food Insecurity

Africa is not achieving its potential in food trade. The growing demand for food is increasingly being met by imports from the global market. This, coupled with rising global food prices, is leading to ever mounting food import bills.

Clearly something has to change. Business as usual with regards to food staples in Africa is not sustainable.

Fortunately, there is a solution to this problem within Africa. The potential to increase agricultural production is enormous.

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Nigeria: UK Set to Offer Technical Support to Kwara’s Agriculture Revolution

The United Kingdom Trade and Investment has concluded arrangements to offer technical support on agriculture to Kwara State to enable the state meet best practices for entry into the international market.

The Senior Trade Development Manger of UK Trade and Investment, Miss Judy Melifonwu, disclosed this in Ilorin on Monday during an interaction with the State Governor, Alhaji Abdulfatah Ahmed.

She described Kwara State as the agriculture hub of Nigeria. According to her: “The UK Trade Investment would ensure good agricultural practices to reduce waste of agriculture produce.”

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