The government has been challenged to allocate more funds to agriculture sector so as to attract multiplying effects on other sectors including industries which could in turn create huge employment opportunities to youths.This was said yesterday at a breakfast meeting that brought together economists, tax experts and bankers in Dar es Salaam.
Organised by Enerst & Young, a global leader in assurance, tax, transactions and advisory, the meeting aimed to discuss on the recent presented 2018/19 budget and whether it meets the demands of the majority. Read More. Source | Daily News
Over 60 smallholder farmers have been trained on tomato processing and packaging, a move which would enable them to make good earnings from their backyard gardens. The week-long training programme was conducted through the northern zone office of the Vocational Education Training Authority (Veta) as part of capacity building for grassroots business groups. Read more. Source | The Citizen
The Agriculture Insurance Scheme has grown to Shs4.5b in terms of premiums, with actual utilisation from the government programmes standing at Shs1.5b, according to the Agro Consortium, which brings together 10 local insurers. Speaking at the National Agriculture and Food Security Forum in Kampala yesterday, Ms Joan Nyangoma, of the Agro Consortium, said over the past two years, the scheme has been able to reach 50,000 farmers across the country. Read more. Source | Daily Monitor
Livestock play important roles in farming systems in developing countries, as it can be a source of food, draught power, bio-fertilizer and fuel, cash income and wealth accumulation. Despite its enormous livestock wealth, the country has not yet tapped it well. As various documents indicate, Ethiopia has over 52.1 m. cattle, 24.2 mln. sheep, 22.6 mln. Goats, 987 thousand camels, 44.9 mln. poultry and nearly 5 mln. Beehives, which makes the nation home to one of the largest livestock population in Africa. Read more. Source | Ethiopian Herald
The African Development Bank Group (AfDB) has set up a Sh300 million trust fund in partnership with the Rockefeller Foundation to support agricultural transformation in various African countries. The “Feed Africa” initiative is a priority programme for the bank as it pursues change to improve people’s quality of life.
Among other things, the Rockefeller Trust Fund will support the “Jobs for Youth in Africa (JfYA) Coding for Employment Programme” with the goal of increasing inclusive employment and entrepreneurship among Africa’s youth within the agricultural and other sectors. Read more. Source | Business Daily
Globally, women’s contribute to agricultural development in various capacities as producers, labourers and marketers. They have an important role to play in agricultural development and food security through entrepreneurship. In developing countries women’s role as agriculture entrepreneurs is not fully explored and well recognized. Women entrepreneurs in agriculture are facing real challenges like access to financial resources, assets and training. Read more. Source | New Times
Agricultural productivity is closely related to increased utilization of inputs, particularly improved seeds and chemical fertilizers which are key inputs in boosting agricultural production. From time to time, the consumption agricultural fertilizer has been increasing in Ethiopia. Supplying agricultural inputs and fertilizer managing its price is an essential task to get better of farmers’ productivity constraints.
Alemayehu Birhanu, Communication Director at Ministry of Agriculture and Animal Resource told The Ethiopian Herald that to increase the production and productivity of farmers, the timely supply of agricultural inputs with quantity, quality, and affordable price is instrumental. It is also important to expand agricultural service delivery. Read more. Source | Ethiopian Herald
During the second Growth and Transformation Plan (GTP II) period Ethiopia aims to register a 29 percent annual increment in foreign trade and secure 14 billion USD by the end of the period (2019/20 fiscal year). Concerning sector’s contribution, the country eyes to secure 7.7 billion USD from agriculture, 4.2 billion USD from manufacturing industry and 2.2 billion USD from mining.
Ethiopia has also given due emphasis to the manufacturing sector such as textile and garment, leather and pharmaceuticals as well as sugar exports as sources of substantial foreign currency. Read more. Source | Ethiopian Herald
Feed the Future, part of USAID has announced that 228 applications were received, mostly from Africa, for the global Fall Armyworm Tech Prize. The Prize aims to find digital solutions to identify, track and protect crops from the pest, which has devastated agricultural produce across the continent.
Over 80% of the entries came from Africa with the five countries with the highest number of entries being Uganda 52, Nigeria 25, USA 23, Ghana 22 and Kenya 21. Read more. Source | The Exchange
US conglomerate Seaboard Corporation has embarked on an intensive campaign aimed at winning shareholders to unlock its quest to take control of Kenyan miller Unga Group #ticker:UNGA.
Seaboard Corporation has placed a bid to buy the Nairobi Securities Exchange-listed firm at the price of Sh40 per share and is required to win the support of investors controlling at least 75 per cent of Unga Group for the deal to sail through. Read more. Source | Daily Nation