CAAPs
CAAPs Side Event Highlights Agro-Industrialization at Africa Industrialization Week 2024
Addis Ababa, Ethiopia – December 11, 2024 On the margins of Africa Industrialization Week 2024, a landmark side event titled “Scaling Africa’s Agro-Industrialization through the Common African Agro-Parks (CAAPs): What Role for Green Investments?” brought together high-profile stakeholders to discuss Africa’s agro-industrialization agenda and the transformative role of green investments. Organized by Afreximbank with the support of the Forum for
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
AU’s CAAPs Initiative Drives Cocoa Industry Transformation in Côte d’Ivoire and Ghana
By Benjamin Abugri Kampala, Uganda – 11 November 2024: The African Union (AU) has launched the Côte d’Ivoire-Ghana Cocoa Common African Agro-Park (CIG CAAP) under its Agenda 2063, in a bold and strategic initiative aimed at transforming Africa’s cocoa industry. Senior representatives from Côte d’Ivoire, Ghana, the AU, and other key stakeholders convened in Kampala to inaugurate this collaborative milestone,
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
Extraordinary Session of the Specialized Technical Committee (STC) on Agriculture, Rural Development, Water, and Environment Opens Today
Addis Ababa, October 25, 2024 The Ministerial Segment of the Extraordinary Session of the Specialized Technical Committee (STC) on Agriculture, Rural Development, Water, and Environment (ARDWE) opened today with powerful interventions from African Union leaders and partners, as they gathered to deliberate on the future of Africa’s agricultural transformation. With a strong focus on post-Malabo initiatives, including the Common African
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
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