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Wednesday, 18 October 2017

The numerous attendees of the international Fin4Ag conference in Nairobi, which was held from 14 to 18 July, focused on the funding models likely to instigate a new agricultural revolution in Africa. Focus on the winning trio. Held between 14 and 18 July on the initiative of the Technical Centre for Agricultural and Rural Cooperation (CTA) and the African Rural and Agricultural Credit Association (AFRACA), the international Fin4Ag conference in Nairobi on the funding of agricultural value chains was a full house. Almost 900 attendees from 81 countries travelled there, as well as an impressive assembly of political decision-makers, including the Kenyan Vice-President, William Ruto, and the African Union’s Commissioner for Rural Economy and Agriculture, Rhoda Peace Tumusiime.

In 2007 James Parsons, came to Africa to find land for his company known as Africado Limited that specialized in avocado farming and exporting. With the price of coffee on international marketing dropping over the last two decades, coffee farmers at the foot of Mount Kilimanjaro in Tanzania were at the same time looking for alternative cash crops to grow and the opportunity to deal on avocado came in just in time. Africado harvested its first fruits in 2010 and with support from Norfund (Norwegian Investment Fund for Developing Countries) and African Management Services Company (AMSCO) the company has been able to scale the plantation to more than 40,000 trees covering over 137 hectares and involving over 2,400 out-grower farmers. The company plans to engage a large number of independent farmers as vendors of avocados and employ more than 300 locals when it reaches full capacity.

Rooibos, a red tea unique to South Africa, will receive a protected designation in the European Union, said the South African Minister of Trade and Industry on Monday. “The South African rooibos producers will own the name, and the term will only apply to South African products approved by us,” stated the Minister, Rob Davies, according to SAPA. Often known as “red tea”, rooibos is a plant that does not contain theine. When brewed, it creates a pleasant, slightly sweet drink renowned for its health benefits.

There was a very special atmosphere at the seat of the Court of Auditors on Friday 11 July 2014 for the inauguration ceremony of the Court’s new building. The ceremony was attended by a number of VIPs, including the European Union’s Ambassador to the DRC, Jean-Michel Dumond, the Minister of Finance and national authorising officer of the European Development Fund (EFD), Patrice Kitebi, the President of the Court of Auditors, the representative of the President of the National Assembly, and city officials.

The European Commission is moving today to introduce support measures for the EU peach & nectarine sectors, notably by increasing the volumes of fruit eligible for withdrawal operations and free distribution.   These markets have been hard hit by unfavourable weather conditions, with additional pressure now resulting from the import ban introduced by Russia.

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