Cocoa Market Dynamics

Cocoa Prices Dip Amid Rising Nigerian Exports

Cocoa prices experienced mixed pressures this week, driven by increased supply from Nigeria and adverse weather conditions in West Africa. Nigeria’s Cocoa Exports Surge Nigeria, the world’s sixth-largest cocoa producer,…

NSC to Partner with AfCFTA to Boost Intra-African Trade

The Nigerian Shippers’ Council (NSC) has announced plans to collaborate with the African Continental Free Trade Area (AfCFTA) to enhance intra-African trade. This initiative aims to leverage maritime connectivity through…

Ghana’s Agro-Export Push

In a bid to invigorate its agricultural sector and champion the ‘grow in Ghana and export from Ghana’ initiative, Ghana is setting its sights on expanding horticulture and agro-exports to…
Intra Africa Trade Volume

Nigeria’s Path to Competitive Manufacturing Under AfCFTA

Former Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, emphasized the importance of a clear industrialization vision for Nigeria to maximize the opportunities presented by the African Continental Free…

Lagos at the Forefront of AfCFTA Execution: Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos State emphasized the critical role Lagos State plays for Nigeria in tapping into the prospects provided by the Africa Continental Free Trade Agreement (AfCFTA). His…

Merging Finance and Agriculture for Africa’s Growth

At the 2023 World Economic Forum’s Sustainable Development Impact Meetings, global heavyweights converged to emphasize the union of finance and agriculture for Africa’s progress. Kenyan President William Samoei Ruto and…

Nigeria and Ghana Unite for Agricultural Progress

Two major firms, Nigeria’s EGTA Investment Limited and Ghana’s Jospong Group of Companies, recently inked a historic memorandum of understanding (MoU) at the Ghana High Commission in Abuja. This pivotal…
$520m for Nigeria's Agro-Industrial Zones

AfDB Pledges $520m for Nigeria’s Agro-Industrial Zones

The African Development Bank (AfDB) has announced that it will allocate $520 million to Nigeria for the establishment of special agro-industrial processing zones. The President of the AfDB, Akinwumi Adesina,…
Agritech

AI Crop Predictor Enhances Crisis Planning in Africa

Developers have created an advanced AI tool that utilizes satellite remote sensing and machine learning to predict agricultural yields of key crops across Africa. The tool, called Africa Agriculture Watch…
The Single African Air Transport Market (SAATM) and the African Continental Free Trade Area (AfCFTA) should be implemented as soon as possible, the African Institute for Economic Development and Planning (AIEDP)

Remove Barriers to AfCFTA- AIEDP Urges

The Single African Air Transport Market (SAATM) and the African Continental Free Trade Area (AfCFTA) should be implemented as soon as possible, the African Institute for Economic Development and Planning…
Africa's Leading B2B Marketplace

Why You Should Trade on Udua, Africa’s Leading B2B Marketplace

Udua.africa is africa’s leading B2B marketplace platform specifically designed to facilitate seamless business transactions between agro buyers and sellers across the African continent. With its pan-African reach, Udua.africa has emerged…
Acceleration-of-AfCFTA-implementation

Africa Day 2023: Accelerating AfCFTA implementation

Africa Day, which is observed annually throughout Africa and other nations around the world, is a celebration of the accomplishments and promise of the African continent. Its anniversary, May 25,…
Mangoes

Mangoes: Ghana To Export Kenyan Mangoes to the EU

Ghana is considering re-exporting Kenyan mangoes to the EU market during the off-season for mangoes in the western African nation. This action is expected to expand the market for Kenyan…
AfCFTA Logistics

AfCFTA: Africa’s logistics set to deliver results

Africa’s population growth and its thriving private sector have long been challenges for the continent’s logistics. According to recent study, which is going to change, with potentially game-changing results for…
China

China- Africa Relationship: The new focus on agriculture

As agriculture takes front stage in Beijing’s relationship with the continent, more food items like avocados, cashews, sesame seeds, and chili peppers are being imported from Africa. According to Shanghai…
Tech

Tech Advances: Revolutionizing the Agri B2B Industry

As e-commerce expands and technology improves, the opportunity arises to take advantage of marketplaces within a particular industry. Also, the rapid growth of internet access has revolutionized how business operations…
AfCFTA

AFRICANS SHOULD MAKE AFCFTA WORK FOR THEM- KAGAME

The African Continental Free Trade Area (AfCFTA) is the best tool for eradicating the mentality of relying on and producing for the benefit of others, and President Paul Kagame has…
Agro

Eko Agro mechanization scheme launches in Lagos

The Eko Agro Mechanization Program has been launched by the Lagos State Government to improve food security and productivity in the region. By this project, mechanization access would be made…
Cashew

Exporting Cashew Nuts

Nigeria is a significant and expanding player in the cashew sector, increasing its market share of the world’s cashew production by an average of 5% year. Production is expected to…
Agribusiness

Agribusiness ideas Africans can consider in 2023

The Pineapple Business in West Africa Given the rising demand for fresh pineapples and related goods in domestic and international markets, the pineapple sector in West Africa offers numerous commercial…

Top Agro Exports from Nigeria in Q3, 2022

In the third quarter of 2022, Nigeria exported agricultural products worth N84.21 billion. This reflects a 6% gain over the N79.41 billion recorded in the same time of 2021, but…
Food

Modern agriculture will provide food security- NDDC

The Niger Delta Development Commission (NDDC) has stated that its focus on modern agriculture is aimed at ensuring food security for all Nigerians, not only residents of the region. Dr.…
Coconut

$200,000 agreement on coconut development by LASG, FAO

The Lagos State Government and the United Nations Food and Agriculture Organization (FAO-UN) have agreed to a 200,000-dollar Unilateral Trust Fund Agreement (UTF) to enhance the coconut value chain. Ms…
CBN

CBN Revises Anchor Borrowers Programme Guidelines

The Anchor Borrowers’ Programme (ABP) was established by the Central Bank of Nigeria (CBN), in accordance with its developmental functions as enshrined in Section 31 of the CBN Act 2007,…
Farmers

Edo promises increased assistance to peasant farmers

Governor of Edo State, Godwin Obaseki, has called for creativity to address concerns affecting food security, promising additional support to farmers and other stakeholders in the agricultural value chain. In…
Commodity

How the commodity market, exchange can develop agric sector.

Vice President Yemi Osinbajo has stated that focusing on the development of Nigeria’s agricultural value chain, particularly the business of constructing a functional commodity market with logistics, will benefit both…
Nigeria

Why Goods Exported from Nigeria are Rejected- NIWA Boss

Dr. George Moghalu, the Managing Director of the National Inland Waterways Authority (NIWA), has explained why some Nigerian commodities are refused abroad. He also revealed that just roughly 3,000 kilometers…
AfCFTA Logistics

Nigeria’s export to double by 2025 under AfCFTA

Nigeria’s exports might treble by 2025 under the African Continental Free Trade Area, according to stakeholders at Coronation Merchant Bank’s interactive session. They talked at Coronation Merchant Bank’s interactive session…
Africa

Africa Re, an IFC agribusiness insurance partner

Africa Reinsurance Corporation (Africa Re) and the International Finance Corporation (IFC), a World Bank Group member, have signed an agreement to strengthen the Nigerian crop insurance market. Africa Re, a…
Oyo

Agribusiness efforts to empower Oyo youths

Governor Seyi Makinde’s efforts to get teenagers off the streets through the Youth Entrepreneurship in Agribusiness Project (YEAP) have begun to show signs of success two years into his four-year…
Tomato

Agro-allied company backs the FG’s tomato drive plan.

Caraway Africa Nigeria Limited (an Olam Group Company) has reinforced its commitment to strongly pursue backward integration of tomatoes in Nigeria, in order to support the Federal Government’s ambitions for…
NAFDAC

NAFDAC: Seek proper export registration to avoid rejection

To avoid rejection, the National Agency for Food and Drug Administration and Control (NAFDAC) has recommended exporters to always seek formal registration of their products. Prof. Moji Adeyeye, the Director-General…
Youths

Youths key to food system transformation -AfDB

According to the Africa Development Bank (AfDB), active participation of Africa’s youths is critical in scaling up agricultural production and transforming the continent’s food systems. The AfDB stated that involving…
Agritech

Agritech Explained

Technology has been introduced into every aspect of our lives and agriculture has not been left out, hence the tag ‘Agritech’. So what exactly is Agritech? Agritech is the application…
fertilizers

The Importance of Fertilizers in Agriculture

Farmers use fertilizers in order to add nutrients to the soil to promote soil fertility and aid plant growth.  Not applying fertilizers to the soil will lead to reduction in…
Test

IMPORTANCE OF A LAB TEST FOR YOUR AGRO PRODUCE

Ensuring that your agro produce passes the basic quality test is as important as been a successful agro trader. Carrying out a laboratory test will provide you with accurate and…
Cocoa

Cocoa Exportation: What you need to know.

Cocoa is one of the cash crops produced in Nigeria and this agro product is predominantly produced in the Southwest of Nigeria. The largest Cocoa producing state is Ondo followed…
Coffee

Buhari ratifies 2007 international Coffee Agreement 

President Muhammadu Buhari has confirmed and ratified the International Coffee Agreement, 2007. This was done on the 17th of August, 2021 after the Federal Executive Council (FEC) approved Nigeria’s membership…
Demurrage Detention

Difference between Demurrage and Detention Fees

As an exporter or importer, you might have come across the word Demurrage and Detention in shipping. Well, demurrage and detention refer to fees incurred by the exporter and importer…
Agro

Sourcing for local Agro products in Nigeria

If you are into the agro trade business, then you will know that sourcing for agro products that are of high quality is crucial to the success of your business.…
Exporter

How To Succeed As An Agro Exporter In Nigeria

Starting an Agro Export Business in Nigeria offers a lot of unlimited opportunities, and as an agro entrepreneur, you can make a fortune from exporting agro products. Now that you…
Coconut

Nigeria to revive the Coconut Industry

In a drive to revive the coconut production in the country, the Federal Government is committed to supporting farmers’ effort aimed at exploiting the economic benefits of coconut whose global…
Mangoes

Kenya resumes export of Mangoes to the EU

After 8 years of self-ban, Kenya is set to resume exportation of Mangoes to the EU.  Kenya is expected to earn up to $92 million per annum as result this.…
Women

NIGERIA: EMPOWERING WOMEN IN FARM TRACTOR OPERATIONS

Alluvial, an integrated agricultural firm, in partnership with Mastercard Foundation has established the Tractor Operation Training Activity aimed to empower 50 young women in Nigeria. The aid these women in…
AfCFTA

Nigeria: Women Urged To Take Advantages of AfCFTA

The Women’s International Shipping and Trading Association (WISTA) Nigeria has urged women operating in the maritime industry to explore investment opportunities in the African Continental Free Trade Agreement (AfCFTA) Mrs.…
Corn

Top 50 Corn Exporting Countries In 2020

The United States of America tops the list of the largest corn exporters in the world for the year 2020 followed by Brazil, Argentina, Ukraine & Serbia. In 2020, the…
Trade

Trade: Nigeria-Netherlands to boost economic relationship

The Bilateral Working Group (BWG) of the Nigeria-Netherlands have announced that both countries need to develop more economic partnerships through trade to boost the bilateral relationship between Nigerian and The…
CDC GROUP

CDC Group commits USD 100 million to African farmers

United Kingdom government-owned development finance institution CDC Group will be providing a debt commitment of USD 100 million to agricultural conglomerate Export Trading Group. Export Trading Group (ETG), an agricultural business…
Agritech

Africa: The next global hub for Agritech

According to a research by Microsoft, Africa’s agriculture is set to become the global centre of Agritech solutions as there has been rapid growth in e-agriculture solutions. Microsoft is of…
Trade Integrity

Trade Integrity: A necessity in International Trade

Trade integrity is defined as the international trade transactions that are legitimate, properly priced, and transparent. Supporting and implementing trade integrity policies can help government curtail illicit financial outflows so…
Digital

Digital Future of Food and Agriculture

The impact of the Digital Revolution (or “the 5th Industrial Revolution) is reaching every part of society and commerce around the world. Agriculture and food systems are also gradually becoming…

Harmonised System (HS) Code: What you should know

Are you in exporting and importing goods? Then you should be familiar with the Harmonised Commodity Description and Coding System, which is also know as the Harmonised System (HS) or…
Superfoods

4 Superfoods sustaining Agriculture in Africa.

Africa is endowed with rich natural resources ranging from oil, hardwood forests to nutrient-rich superfoods. There are 4 main superfoods that are enhancing sustainable agriculture in Africa. This article will…
Reefer Containers

Reefer Containers | Temperature and Atmosphere Control

  Reefer containers are, simply put, large fridges carried by containerships to move temperature-sensitive goods such as ice-cream, meat or vegetables. Reefer containers maintain the cargo at the required temperature…

Udua Website Launched

We are pleased to announce the launch of the Udua marketplace website. The website will empower buyers and sellers in Africa to trade agricultural and other commodities in a secure…
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