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NEWS

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 * SINGAPORE TRADER SECURES US$25M TO SCALE UP AGRI-PROCESSING IN AFRICA
   
   Sep 26th, 2024
   
   Robust International gets new funding to boost sesame and cashew processing
   capacity Robust International, a Singapore-based agricultural commodity
   trading firm has secured a US$25m investment from BluePeak Private Capital to
   expand its processing capacity for sesame seeds and cashew nuts in Nigeria,
   Côte d'Ivoire, Burkina Faso, and Mozambique. BluePeak, an alternative asset
   management firm with offices in Tunis, Nairobi, and London, aims to support
   Robust in adding value to Africa’s agricultural exports. Operating in 10
   African countries, Robust sources a diverse range of agricultural
   commodities, which it then distributes globally. Despite Africa being a major
   producer of raw cashew nuts and sesame seeds, most of its produce has
   historically been exported in unprocessed form to Asia for value addition.
   Robust seeks to change this dynamic by increasing its processing capacity on
   the continent, transitioning from a semi-processor to a producer of edible
   commodities. This investment follows a US$18m loan agreement signed with the
   International Finance Corporation in 2022. The loan was intended to establish
   modern warehouses and processing centres for sesame in northern Nigeria.
   Sesame accounts for 55% of Robust’s operations in Nigeria, while other crops
   include cashew, ginger, gum arabic, pulses, turmeric, and shea nuts. The
   company sources 40% of its raw commodities directly from over 40,000 farmers,
   and 60% from 40 licensed buying agents. Robust conducts primary processing,
   such as fumigation, sorting, and hulling, before distributing to its clients.
   The majority, or 53%, of its commodities are supplied to China, with other
   important markets being Vietnam (37%), Turkey (6%), and India (4%). Nigeria
   is the world's sixth-largest producer of sesame and the third largest in
   Africa, behind Sudan and Tanzania. Most sesame cultivation occurs in the
   drier northern region. Sesame crops account for approximately 25% of
   Nigeria's agricultural export value. In 2023, Nigeria exported sesame seeds
   worth US$428m, with 30% going to China, 20% to Japan, and 13% to India. Yet,
   the industry faces several challenges. Most of Nigeria's sesame cultivation
   is done by small-scale farmers who struggle with low productivity due to
   limited use of mechanised farming techniques and insufficient access to
   improved seed varieties and other essential agricultural inputs.
   Additionally, the country lacks adequate sesame processing facilities, with
   most seeds still being processed manually, leading to reduced quality and
   high wastage. At the 2023 Africa Singapore Business Forum, Robust entered
   into agreements with two other Singapore entities – Adatos, which employs AI
   to improve agricultural yields, and Trames, a digital freight management
   platform – to enhance its operations in Africa. The firm inked a partnership
   with Adatos to leverage its AI expertise for insights into weather patterns,
   yield predictions, and nutrient usage for sesame crops in Nigeria. Meanwhile,
   Trames, a digital freight management platform, will deliver bespoke logistics
   solutions to optimise Robust’s supply chain in Africa and beyond.
   
   
   Source:
   https://www.ntu.edu.sg/cas/news-events/news/details/Singapore-trader-secures-USd25m-to-scale-up-Agri-processing-in-Africa


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Title Pakistan loses its edge in supplying China with sesame seeds - 04/11/2024
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China:Sesame can also be harvested by machine - 15/10/2024 Singapore trader
secures US$25m to scale up Agri-processing in Africa - 26/09/2024 Sesame
exporters achieve breakthrough - 25/08/2024

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