TCV (Tanmiya Capital Ventures)’s Post

+15% growth in manufacturing exports in West Africa! The agri-food sector is the driving force 🚀. #AlphaInsight #WestAfrica #Agrifood #Export #EconomicGrowth 📈

Few Excerpts... In this discourse, I address an ongoing initiative focused on preventing/ identifying and rectifying processing errors, streamlining or optimizing supply chain operations, enhancing the customer journey, all while maintaining alignment and conformity with local and export regulatory standards. Additionally, I advocated for constructive and productuve collaboration with both local and central agencies for growth sustainability and adaptability on both international and domestic fronts. #Nigeria #Export #Food #Foodexport #Export #foodprocessing #FCMG #Africa

Brazilian meatpacker JBS said on Thursday it has signed a memorandum of understanding with Nigeria’s government for a $2.5 billion investment plan in the African country, including the building of six new factories. https://lnkd.in/dRRHkJAf #aantelevision

Nigerian Manufacturers' Preparedness, AFCFTA and International Trade Penetration As an independent consultant and promoter of the Nigerian Quality Infrastructure Project, back then, it is imperative to always embrace the basic requirements and credentials for international trade engagement. With China and India pitching their brands around affordable quality and pricing, African institutions are gradually seeing the need to strengthen their locals as well Engagement with stakeholders and UNIDO top consultant in West Africa region then, revealed reason for rejection of lot of #Nigerian agro product on the global stage, (cowpea, been the focus in 2015), was largely trash in Europe, due to zero global #accreditation, #certification and poor #sanity check The same neglect is rapidly ravaging the Nigerian bulk raw material space unnoticed My observation this week, while engaging the big players in the largest chemical market in West Africa and raw materials market within Lagos, raised the need for promoter of #AFCFTA to proactively engage domestic producers and suppliers on how best to tap into the vast business opportunities within the corridor of Africa, most importantly, building overwhelming commitment to continuous improvement and advancement of #accreditation, #certification and basic quality check by Nigerians This commitment should be a non-negotiation culture to all organizations domestically and outside the shore of this nation, if, our bulk raw material actors and policy maker want to capture the vast opportunities in Africa My experience this week: 1. I personally bought 50kg of one of the widely abundant #raw #materials in the nation from three different sources in most popular #chemical #market within Lagos and its environs 2. All three suppliers had no CoA, reason been that production were local 3. They went further to raised a non-disclosure altitude, when asked for where it was mined ( I needed it for traceability and documentation) 4. Weight of Nigerian chemical products bought was 20-30% less of it net weight when scaled in-house 5. Competitive chemical brand from India is well packaged, comes with CoA and has exact net weight Without any iota of ambiguity, other region, especially the North Africa countries are well positioned to benefits far more from the gains of AFCFTA, because of their consistent quest for global competitiveness with enviable commitment to: 1. Robust and wider global certification and accreditation presence 2. Unmatched logistic interconnectivity and infrastructures for bulk raw materials 3. One stop market and hub for accessing, connecting Arab countries and Europe It behooves all concerned institutions to rejig their policy and be more proactive in ensuring every stakeholders are wooed, in ensuring this marriage with other regions on the continent is a big plus to the #extractive sector. Olusegun Awolowo Sola Obadimu Nonye Ayeni #GlobalTrade

New Zealand stands as China’s leading dairy source, bolstered by advancements stemming from the 2008 free trade agreement. As of January 1, 2024, safeguard duties on milk powder have been lifted, signifying full liberalization in the dairy sector. Watch Tractus China Senior Research Analyst Miranda D. delve into the future of domestic manufacturers post-liberalization in an interview with Qiuyi Tan from Channel News Asia. Facing the dynamic Chinese dairy market, international dairy companies interested in entering the market need to first understand the changing consumption trends and the diversified market demand. Tractus has over 25 years of experience advising our public and private sector clients on their market expansion strategies and implementation plans. Contact us now to learn more about how we can help your business achieve success in China. #Tractus #China #NewZealand #Dairy #Milk #MilkPowder #FTA #Liberalization #SupplyChain #Globalization #MarketExpansion #MarketEntry

[📰 GPCCI in the News] EU-PH FTA to benefit agri, garments — business chambers The European and German business chambers in the Philippines lauded the official resumption of negotiations for the European Union (EU) and Philippines’ free trade agreement (FTA) saying the trade deal could unlock a wide range of benefits, including increased market access for Philippine agriculture products, garments, critical raw materials, digital trade, and energy. 🔗 Read the article here: https://bitly.ws/3gnKc #PartnerInThePhilippines

🍅 According to the Monitor of Italian #agri-food districts managed by the Research Department of Intesa Sanpaolo, as of 31 December 2023 the sector's exports recorded a +4.5% compared to 2022, almost reaching €27 billion. 📈 🔍 The result is in line with that recorded by the total Italian agri-food #export, +5.8% in 2023, of which the districts represent 43%. All supply chains concluded 2023 with exports increasing compared to the previous year. 👏 🏦 Intesa Sanpaolo has provided €15 billion for the agri-food sector from 2020 to 2023. Its commitment to supporting and enhancing Italian agriculture is expressed through two dedicated structures: ➡ the #Agribusiness Department, which follows more than 84,000 customers throughout Italy thanks to a network of approximately 250 operating points and the IMI Corporate; ➡ the #Investment Banking Division, active on a financial level with specialist solutions to support strategic initiatives. 💡 Find out more: https://ow.ly/PcsT30sEQqP

Attracting food manufacturing companies is a top priority for South American and Caribbean Investment Promotion agencies and governments. With the food processing and manufacturing industries valued at over $2 trillion globally, it's no wonder why this sector is extremely important for FDI attraction. In fact, these industries comprise over 400,000 businesses worldwide. Here are some useful facts from fDi Intelligence (FDI Institute & FDI Markets) for investment promotion agencies and governments looking to attract food manufacturing companies. #fdi #foreigndirectinvestment #fdiintelligence

The EU-Mercosur trade agreement, finalized on December 6, 2024, represents a landmark development in trade relations, particularly for the food and agribusiness sectors. This report examines the agreement’s implications, focusing on the opportunities it creates and the challenges it presents for both regions. With extensive trade liberalization at its core, the deal is set to transform market access and competitiveness across multiple industries. Via: RaboResearch Food & Agribusiness | Learn More 👇🏻 https://lnkd.in/dm9WH-pi

Attention Rhode Island food exporters! The U.S. Department of Agriculture will lead an agribusiness trade mission to Casablanca, Morocco, Dec. 2-5, 2024. Current and potential U.S. exporters interested in participating should apply for consideration by Aug. 28. Morocco is the second-largest export market for U.S. agriculture in Africa. U.S. sales of farm and food products to the country topped $619 million last year, representing 16 percent of the continent’s market share. American agricultural exports to Morocco have doubled since the U.S.-Morocco Free Trade Agreement entered into force in 2006. During the trade mission, representatives from U.S. companies will participate in business-to-business meetings with potential importers from Morocco, Senegal, Côte d'Ivoire and other West African nations. Participants will also receive in-depth market briefings USDA Foreign Agricultural Service staff and other regional trade experts. Morocco offers a stable market and growing economy and serves as a key distribution hub for the African continent. The country is already a major importer of bulk and intermediate commodities from the United States and it's expanding food processing sector and rising consumer demand are creating new potential for sales of consumer-oriented products. U.S. exporters have opportunities in numerous sectors, including beef and beef products, dairy products, feed grains, live animals and genetics, rice, seafood, seed potatoes, soybeans and tree nuts. For questions, please contact trademissions@usda.gov.