Steve Alabi
African Leaders Vow to Replicate Ethiopia’s Agricultural Transformation in Ensuring Food Security
Addis Ababa, Ethiopia – November 8 2024: Leaders of Sierra Leone and Guinea have vowed to replicate Ethiopia’s success story of agricultural transformation in their endeavors to ensure food security. Following the conclusion of a three-day World Without Hunger Conference, the leaders visited the successful achievements gained in household farms in the East Showa zone of Oromia region. Sierra Leone’s
AfDB grants loan of over €24 million to improve fisheries and aquaculture sectors
Abidjan, Cote d’Ivoire – November 7, 2024: The fisheries and aquaculture sector in Côte d’Ivoire is set to benefit from substantial financial backing from the African Development Bank over the period 2025-2029. The Board of Directors of the African Development Bank Group approved a loan of €24.63 million to Côte d’Ivoire to boost the development of fisheries and aquaculture value chains.
Afreximbank, AfCFTA, WFP sign $2bn MoU to boost agriculture
Favour Okpale Abuja, Nigeria – November 5, 2024: In a move to strengthen Africa’s agricultural sector, Afreximbank, the African Continental Free Trade Area (AfCFTA) Secretariat, and the World Food Programme (WFP) have signed a three-year Memorandum of Understanding (MoU) to support African farmers, agro-processors, and commodity traders with a minimum of $2 billion in financing by 2025. Benedict Oramah, president/chairman
Adesina and Banga lead the charge to end hunger in Africa at 2024 Borlaug Dialogue
Des Moines, Iowa, October 30, 2024. The president of the African Development Bank Group Dr. Akinwumi Adesina and his counterpart at The World Bank Bank Ajay Banga, stressed the need for more global action against hunger, a goal slipping further away due to the combined effects of conflict, economic challenges and climate change. “There is nothing more important than feeding
ECOWAS, ActionAid, others partner on sustainable food sovereignty in W/Africa
Abuja, Nigeria, October 22, 2024 | by Abbas Jimoh The Economic Community of West African States (ECOWAS), Alliance for Agroecology in West Africa (3AO), West Africa Organic Network (WAfrONet) and ActionAid Nigeria (AAN) have reached an agreement to develop a sustainable security system for food sovereignty in West Africa. The organisations at a Stakeholders ‘Forum on Agroecology and Organic Agriculture in
African Development Bank and partners agree to fast-track implementation of Special Agro Industrial Processing Zones program
Abuja, Nigeria October 10 2024 Nigerian ministers gathered in Abuja with state representatives and other stakeholders to push for accelerated delivery of the SAPZ program in Nigeria. October 2024 The African Development Bank Group has reached an agreement with participating Nigerian state governments to speed up implementation of a program designed to develop eight new agro-industrial zones in the country.
Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos
Cairo, Egypt – October 4 2024 African Export-Import Bank (Afreximbank) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos. According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches
AGRA Calls for Increased Investment in Agro-Industrialisation to spur economic growth
Kampala, Uganda The need for Uganda to increase investments in agro-based industries to spur economic growth came into sharp focus at the Regional Industrialization Conference held from 24th to 25th September in Kampala, Uganda. In a keynote address at the conference, the AGRA Uganda Country Director, Mr. David Wozemba, highlighted the important role of agro-industrialization in promoting economic development in
Africa can cut food imports through Common Agro-Parks Programme -CAAPs
By Edward Acquah Accra, Oct. 3, GNA- The implementers of the Common African Agro-Parks (CAAPs) programme, aimed at reducing food imports and fostering innovation in Africa, have called for increased partnerships and investments to enhance agricultural transformation on the continent. The CAAPs initiative, part of the African Union’s Agenda 2063, aims to help Africa reclaim the approximately $50 billion in
Côte d’Ivoire secures USD 28M investment to boost cashew processing industry
Abidjan, Côte d’Ivoire Côte d’Ivoire secures USD 28.7M investment to boost cashew processing industry from three foreign companies, marking a significant step toward boosting local processing capabilities. The investment deals were finalized during the Cashew Sector Investment Forum, held by the CCA on September 23 in Abidjan. TORQ Commodities, a UK-based commodity trader, committed USD 10 million to the project.
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