AFRICAN & MIDDLE EAST NEWS
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Hope for Kenya as maize farmers anticipate bountiful harvests on the back of subsidized inputs
KENYA – Farmers in Uasin Gishu County, the grain basket of the country, have expressed high expectations that they were set to have a bumper…
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Malawi opts for NFRA over ADMARC in maize purchase deal, disburse US$15.6M
MALAWI – The government of Malawi has given K6 billion (US$15.6M) to National Food Reserve Agency (NFRA), choosing the agency in buying maize for the…
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Foreign currency crunch hits Egypt’s economy creeping payments for wheat imports
EGYPT – Egypt has deferred payments for its large wheat purchases, a move aimed to relieve financial pressures as the country grapples with a shortage…
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AFEX seeks to raise US$65M to drive expansion into 7 new African countries
NIGERIA – AFEX, Nigeria’s first private agricultural commodities exchange player has announced plans to raise US$65 million to fund its expansion plan into seven new…
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Abu Qir Fertilizers to invest US$1.2b in setting up a new ammonia plant
EGYPT – The board of directors of Abu Qir Fertilizers and Chemicals Industries Company (ABUK) has given a go-ahead for the establishment of its subsidiary…