MOROCCO - Morocco has reached a new milestone in its blueberry exports, recording significant growth during the 2023/24 season. The country exported an impressive 67,300 tons of fresh blueberries, marking a 25% increase from the previous season. Morocco’s blueberry...
NIGERIA - Nigeria's ginger farmers faced a devastating blow in 2023, with losses totaling N12 billion (USD 7.57 million) due to a severe crop disease outbreak, according to the Federal Ministry of Agriculture and Food Security. During a recent "train the trainer"...
DUBAI - DP World Limited has announced its financial results for the first half of 2024, showcasing a 3.3% increase in revenue to USD 9.33 billion. Despite the rise in revenue, the company's adjusted EBITDA fell by 4.3% to USD 2.5 billion, reflecting the impact of the...
ETHIOPIA - The African Development Bank (AfDB) has approved a significant USD 40 million transaction guarantee facility to bolster trade finance in Ethiopia. This move aims to support Dashen Bank’s financing of small and medium-sized enterprises (SMEs) and local...
IRELAND - Dole's net income soars by 68.4% in Q2 2024, reaching USD 88.1 million compared to the same period last year, despite a slight drop in revenue. Dole plc reported a net income of USD 65.4 million for the first quarter of 2024, representing an impressive...
GERMANY - Bayer Group has announced modest financial results for the second quarter (Q2) of 2024, revealing a rise in sales but a decline in earnings due to a tough agricultural market. For Q2 2024, Bayer's sales grew by 3.1% to €11.14 billion (USD 12.27 billion) when...
NIGERIA - Nigeria is facing a dual challenge of a significant tomato shortfall and soaring prices, which has led to increased efforts to boost production. Despite the country’s strengths in vegetable farming, issues such as pest invasions, post-harvest losses, and...
MOROCCO - Morocco's imports of US tree nuts have reached USD 137.03 million in 2023, marking a dramatic increase and underscoring the strengthening trade relationship between the two countries. This significant rise highlights the growing demand for American tree nuts...
EGYPT - The Agricultural Bank of Egypt (ABE) has taken significant steps to expand its reach and improve services with the recent opening of 10 new branches across six governorates. This expansion increases ABE’s branch network to 1,114, solidifying its status as the...