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EDITO
Friday, 20 October 2017

Dutch banking giant Rabobank, a leading food and agribusiness financier, has joined the list of Kenya’s Equity Bank Group shareholders. Rabobank will jointly with the Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO and Norfund, own an 11.99 per cent stake in Equity Holdings. The shareholding in Equity Holdings is held through Arise, an investment company focused on the banking sector launched early this year.Arise is in the process of acquiring minority stakes in both NMB (National Microfinance Bank PLC (NMB) a commercial bank in Tanzania) and Equity Bank.

Wednesday, 12 July 2017

The European Union says it will provide $ 17 million to countries in the West African sub-region to enhance fisheries and maritime activities in the region. The programme, covering six years would enable industry operators to organize and cooperate on fisheries management. The European Union Representative, Stephania Marone, disclosed this in Abuja, at a workshop on Regional Policy Dialogue for the Development of ECOWAS Fisheries and Aquaculture. She said that security in the the region will be maintained as the fishery sector is strategic to regional economic stability. The EU assistance could lead to increased fish production and preservation.

Grenada’s Prime Minister Dr. Keith Mitchell and chief executive officer of the CARICOM Development Fund (CDF) Rodinald Soomer have signed a grant agreement aimed at enhancing export capacity and value-added in the island’s spices sector. The immediate beneficiary company, West India Spices, has been awarded a grant of US$244,000. The grant, according to Soomer, will help to increase drying and grinding capacity based on the use of renewable power sources that will facilitate all weather production of value-added nutmeg-based products for export. “It is expected that the project will have the impact of increasing West India Spices’ purchases of raw inputs for producing essential oils on average by 10 percent per year until 2025,” Sommer said at the signing ceremony.

The costs of ingredients of poultry feed highly depend on the country’s production. As a result these costs highly determine the competitive power of the national poultry chains in East Africa. This is concluded in a study conducted by WLR in collaboration with the Netherlands Africa Business Council (NABC). The study shows how poultry chains in Kenya, Uganda, Rwanda and Tanzania increasingly depend on developments in their neighbouring countries. The results of the project ‘Poultry Development in Africa, a regional perspective’ have been presented in the Africa Event of the Dutch Poultry Centre. Feed prices are lowest in the countries that are able to locally produce the main feed ingredients (mainly maize).

Nigeria and other ECOWAS countries will benefit from the 50 million-euro European Union (EU) fund set up to ensure sustainable fisheries development and marine security, an EU official says. Mrs Stefania Marrone, Head of Regional Cooperation Section in the EU Delegation to Nigeria and ECOWAS, said this in an interview with News Agency of Nigeria (NAN) in Abuja on Tuesday. Marrone spoke on the sidelines of the meeting on “Regional Policy Process for the Development of ECOWAS Fisheries and Aquaculture Regional Policy and Strategy Frame Work of ECOWAP’’. She said that the programme would be implemented in various West African countries within a six-year period