FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Agro-Food Players Chart Post-Harvest Loss Abaters

Sep 23 , 2023


[ssba-buttons]

Over 450 farmers, traders, researchers and policymakers from various parts of Africa convened in Addis Abeba to discuss food waste, particularly post-harvest loss last week. The All African Post-Harvest Congress & Exhibition was held at the African Union Commission headquarters. In the opening remark, Josefa Sacko, Commissioner of Rural Economy & Agriculture of the African Union Commission, indicated that 30pc of the food produced in the continent is wasted while 278 million people are in dire need of food aid. She stressed the need to improve food and nutrition security while applying effective post-harvest laws. Solomon Rutega, the secretary-general at the Inter-African Coffee Organisation with close to 25 coffee-producing countries, said post-harvest management boosts inter-Africa agricultural trade and sustains the coffee industry in the African market. A presentation that focused on the impacts of waste was put forth by Heiko Feuring, president of Buhler Group in the Middle East, Africa and India. Headquartered in Switzerland, Buhler Group is a family-owned business that has been in operation for 163 years. The Company is in a unique position to turn the global concern into a sustainable and profitable business as their equipment indirectly reaches two billion consumers worldwide, according to him. The constraints of agriculture processing in Africa include poor raw material production, climate-related challenges, and unsuitable storage conditions, which will result in low agriculture productivity and significant imports of raw materials to compensate for low local production. While Africa has 65pc of arable land, challenges with postharvest loss stem from limited infrastructure, particularly low cold storage, processing and marketing capacity. Heiko unveiled their plan to reduce post-harvest losses by providing advanced storage facilities such as a controlled atmosphere in partnership with government agencies, non-governmental organisations, and private sectors. The Associate Vice President & General Counsel International Fund for Agricultural Development (IFAD), Katherine Meighan, indicated their focus on financing small-scale producers to realise agricultural transformation.


Radar

Prime Capital Joins ESX, Seeks Securities Dealership Licence

Prime Capital has secured trading membership on the Ethiopian Securities Exchange (ESX) and is pursuing a securities dealership licence to expand its brokerage and investment banking services, according to Head of Business Development and Marketing Fikremarkos. The firm received its trading membership after obtaining an investment banking licence from the Ethiopian Capital Market Authority (ECMA) and meeting all ESX requirements. The licence authorises Prime Capital to execute securities tran...


Radar

Parliament Ratifies Tax Amendment, Assigns PMO to Lead Conciliation, Imposes 10pc Penalty on Late Evidence

The Prime Minister's Office will appoint independent tax conciliators while taxpayers face a 10pc penalty for late evidence under the Federal Tax Administration Amendment ratified by Parliament last week. By shifting the selection of “conciliators” from the tax authority to the PMO, authorities aim to establish a neutral dispute-resolution system to speed up out-of-court settlements. Experts describe the move as a high-stakes reform with notable institutional risks. The legislation, pa...


Radar

ZamZam Bank Registers Shares, Eyes Capital Market Debut

ZamZam Bank has secured approval from the Ethiopian Capital Market Authority (ECMA) to register its shares, becoming the first fully interest-free bank to complete the regulatory process for public trading. The approval covers five million existing shares worth five billion Br and one million bonus shares valued at one billion Br, paving the way for the Bank's future participation in Ethiopia's capital market. ZamZam plans to raise its capital to 15 billion Br and introduce Sharia-compliant i...