Agroinsurance

NEWS

Nigeria - African fast-food chain to acquire fishing assets as part of blue economy expansion plan

01.01.2025 403 views

The company plans to 'capture significant opportunities' in the fisheries, aquaculture and seafood sectors.

African quick-service restaurant chain Tantalizers Plc has signed a memorandum of understanding to acquire all of the assets of Africa-based marine and fishing company, DanBethel Marine Services Limited. Both companies are located in Nigeria.

The acquisition marks a significant step in the company’s strategic expansion into the blue economy space, specifically focusing on industrial fish trawling, aquaculture, mariculture, seafood supplies and marine operations sector, said Tantalizers in a December announcement.

Adam Nuru, the company's board chairman, said in a statement that over the next five years its fleet will "capture significant opportunities in the largely unexplored Nigerian fishing and aquaculture industry."

Africa is showing increasing promise as a seafood producer. The continent's farmed tilapia production in particular is anticipated to increase by 7 percent in 2025, according to Rabobank, and is the fastest growing aquaculture sector globally.

Source - https://www.intrafish.com

EVENTS

ScaleAgData Stakeholder Engagement Event

22.10.2024

The ScaleAgData project is pleased to invite you to our second stakeholder event. Building on the discussions and connections formed during our first webinar, this event will focus on fostering collaboration among stakeholders, providing updates on our project’s progress, and outlining future opportunities for engagement.

RISK EVENTS

Moldova - May frosts caused heavy damage to fruit orchards

10.05.2026

The first frosty nights of May have significantly worsened estimates of damage to Moldova's fruit sector from spring frosts. According to initial assessments by fruit market operators, between a quarter and a third of the country's total orchard area was seriously affected.

EU’s livestock strategy aims to tackle animal welfare, finance, disease challenges

The European Commission has adopted its first EU Livestock Strategy alongside a Protein Action Plan, setting out measures it says will help the livestock sector deal with economic pressures, animal disease risks, environmental requirements and shifting markets.

08.07.2026

Sri Lanka - Rs. 12 billion in crop damage compensation paid to over 200,000 farmers

The Agricultural and Agrarian Insurance Board has announced that crop damage compensation totaling Rs. 12,341.5 million has been paid to 202,025 farmers affected by last year’s Cyclone Ditwah.

08.07.2026

USA - USDA Introduces More Crop Insurance Options for Forage Producers

The U.S. Department of Agriculture (USDA) is expanding coverage options to add revenue protection for forage producers in 12 states, part of the Department’s efforts to put Farmers First through improved crop insurance.

08.07.2026

Canada - Severe damage reported following weekend storm

A powerful storm that moved through southwest Saskatchewan Sunday night brought heavy rain, strong winds and hail, leaving a trail of crop and property damage in the Swift Current area.

08.07.2026

India - Rain deficit leaves TN’s Vadamalli farmers staring at heavy losses ahead of Onam

A prolonged dry spell and the failure of seasonal rains have left Vadamalli farmers in Tamil Nadu's Coimbatore district struggling to save their crop, with large stretches of flowering plants beginning to wither across Thondamuthur Block.

08.07.2026

Kenya - Fear of crop failure, auction discourages farmers from taking loans- survey

Increasing interest rates and the fears of crop failure and being auctioned are top factors that have reduced the number of farmers taking up loans for agricultural purposes.

07.07.2026

Ukraine - Cold spring delayed soybean development and increased harvest loss risk

The cold spring and low temperatures at the beginning of sowing had a negative impact on the development of soybeans in Ukraine.

07.07.2026

Severe storms drench China, leading to deaths and crop damage

China’s central and southern regions have been lashed by heavy rain that’s led to deaths and crop damage, with more extreme weather expected later this week from a strong typhoon heading toward the country’s east.