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Agri-foodtech VCs assess Covid-19’s impact on the sector and portfolios

[ad_1] As we all “shelter in place” and “socially distance” ourselves, we are learning a lot about what we can live without. And what we can’t. Agri-foodtech investors seem to be collectively counting their blessings in that respect. “We probably have it better than many of our generalist VC peers because the only thing people […]

COVID-19: Senator Aduda Donates Bags Of Rice, Sanitizers to FCTA

[ad_1] Senate Minority Whip, Senator Philip Aduda, Peoples Democratic Party, FCT, yesterday donated 1,000 bags of rice (10kgs) and 150 cartons of hand sanitizers to the Federal Capital Territory Administration, FCTA is to assist in the fight against the dreaded Conoravirus, COVID-19 in the Federal Capital Territory, FCT. Presenting the items in Abuja yesterday, Senator […]

China’s biggest agrifood startup deals of 2019

[ad_1] AgFunder’s China AgriFood Startup Investing Report 2019 with Bits x Bites reveals that Chinese food and agriculture startups raised $3.6 billion last year, down 38% from 2018’s $5.8 billion. Last year didn’t see a repeat of 2018’s outsize transactions, like Meituan Dianping’s $1.5 billion pre-IPO raise. Also contributing to the decrease in investment in […]

Coronavirus: EU plans work scheme, aid for farmers, fishermen

[ad_1] The European Commission will propose, on Thursday, a package of measures to help the EU economy, hit by the coronavirus pandemic. The measures include a short-time work scheme, easier access to funds for farmers and fishermen as well as financing for development projects. The Commission expects the EU to go into a deep recession […]

COVID-19: How markets closure affects dry season farmers

[ad_1] Irrigation farmers in Katsina State have expressed concerns over the shutdown of markets in cities like Lagos, Abuja, Ogun, Kaduna and Kano at the peak of the dry season tomato harvest. The development, according to the farmers, is threatening the market price of the produce in the state. Shu’aibu Sani, a tomato farmer in […]

2020 wet season farmers out of FG’s mechanisation programme

[ad_1] As the 2020 farming commence, wet season farmers will not be part of the Federal Government’s mechanisation programme. This is coming on the heels of the Federal Ministry of Agriculture and Rural Development’s announcement that its mechanisation programme would begin in the next six months; apparently in September, 2020. September usually marks the commencement […]

Why mushroom farmers should expect brighter days

[ad_1] If the current effort to develop lovastatin drugs that can help to control cholesterol levels from a certain mushroom type are intensified, then better days are ahead for mushroom farmers. Cholesterol is a waxy substance found in the blood. Medical experts believe that the body needs cholesterol to build healthy cells, but high level […]

Buhari rice coming to Lagos, Abuja

[ad_1] President Muhammadu Buhari on Wednesday authorised the release of 70,000 metric tonnes of rice from the nation’s strategic grain reserves. The food will serve as part of palliatives for Nigerians living under the lockdown ordered to stem the spread of coronavirus. Boss Mustapha, Secretary of Government of the Federation and chair of the Presidential […]

Rice farmers assure Nigerians of rice supply during lockdown

[ad_1] The Rice Farmers Association of Nigeria (RIFAN) has assured Nigerians that the current lockdown due to the spread of COVID-19 will not affect rice production and supply in the country. President of the association, Alhaji Aminu Goronyo, stated this in a statement to newsmen Tuesday in Abuja. “We have enough rice paddy produced by […]

Indonesian ag marketplace TaniHub banks $17m in fresh funding

[ad_1] Jakarta-based TaniHub Group has raised $17 million in ‘Series A-plus’ funding, following up on its $10 million Series A round in May last year. The latest round was co-led by Indonesia’s Intudo Ventures and Singapore-based Openspace Ventures, both of which participated in the earlier Series A raise. Other investors joining the A-plus round included […]

Institute wants herdsmen, other livestock farmers excluded from lockdown

[ad_1] The Nigerian Institute of Animal Science (NIAS) has said that the current restriction of movement by the government to halt the spread of coronavirus will hamper the value of the livestock industry. The NIAS President, Emeritus Professor Isreal Adu and the Registrar, Professor Eaustace Iyayi, in Abuja said herdsmen/pastoralists should be allowed to graze […]

Military impounds smuggled rice, arrests four suspects

[ad_1] The military has impounded more than 900 bags of 50kg foreign parboiled rice and arrested four suspected smugglers in the ongoing “Operations Calm Waters and Swift Response’’ coordinated by the Nigerian Navy. The Acting Director, Defence Media Operations, Brig.-Gen. Benard Onyeuko, disclosed this in a statement on Tuesday in Abuja. Onyeuko said the Forward […]

Swedish startup woos investors with “algae tech” for the aquaculture sector

[ad_1] The proliferation of algae isn’t typically a good sign, environmentally speaking. Algae blooms, which are worsening with climate change, strangle other freshwater organisms and marine life. But Sofie Allert and Angela Wuff have a vision of how algae can be used to have a positive environmental impact. “Algae are really incredible organisms,” Allert tells […]

Coronavirus: Lockdown won’t affect rice production, RIFAN assures

[ad_1] The Rice Farmers Association of Nigeria (RIFAN) has assured Nigerians that the present lockdown imposed in some parts of the country won’t affect rice production across the country. RIFAN, in a statement signed by the National President, Aminu Goronyo, said they have enough rice paddy produced by their members in Taraba, Kano and Kebbi […]