CAAPs
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
Tête-à-Tête Between CAAPs Coordinator and AfCFTA Champion at Biashara 2024 in Kigali
Kigali, Rwanda, October 2024 On the sidelines of the Biashara Afrika 2024 Forum, Mr. Anselme Vodounhessi, Coordinator of the Common African Agro-Parks #CAAPs Programme, held a high-level discussion with His Excellency Mahamadou Issoufou, Champion of the AfCFTA, on the development of #CAAPs zones in Africa within the AfCFTA framework. During the meeting, His Excellency Issoufou underscored the significance of the
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.
FAO reaffirms support for Africa’s Post-Malabo Agenda
Syracuse, Italy. The Food and Agriculture Organization of the United Nations (FAO) on Thursday reaffirmed its commitment to supporting Africa beyond 2025. The Director-General was invited to participate in a G7 panel session with agriculture ministers in Syracuse, Italy, on how best to support Africa’s post-Malabo agenda. Agreed by African heads of state and government at the 2014 African Union
African Development Bank grants $129 million loan to agricultural project generating decent jobs for young people
Abidjan Côte d’Ivoire. The Board of Directors of the African Development Bank Group on 20 September 2024 approved a $129.71 million loan to Tanzania for the implementation of a youth-focused agribusiness program. The loan will fund the first phase of the “Building a Better Tomorrow: Youth Initiatives for Agribusiness” program, which aims to create business opportunities and jobs for young
Sierra Leone Secures $100 Million AfDB Investment to Transform Agriculture and Tackle Food Insecurity
Freetown, Sierra Leone Sierra Leone is ramping up investments to position itself as a key player in the global food export market. Located near major cocoa-producing countries like Côte d’Ivoire and Ghana, and sharing a similar climate, Sierra Leone has strong potential to become a significant exporter of commodities such as cocoa, cashew, rice, and cassava. However, the country faces
AfDB Approves USD 102.79 Million for Agricultural Development in Guinea, Senegal, and Togo
Abidjan, Côte d’Ivoire The African Development Bank Group (AfDB) has approved $102.79 million in funding for a pioneering initiative aimed at promoting sustainable agriculture across Guinea, Senegal, and Togo. This substantial investment will bolster the Multinational Program for Promoting Sustainable Agricultural Value Chains in Special Agro-Industrial Processing Zones (SAPZ), focusing on areas like climate change adaptation and renewable energy integration.
Ethiopian Industrial parks ordered to begin transition into Special Economic Zones
By Ashenafi Endale, August 31, 2024 The management teams of the country’s industrial parks have been given short notice to transition into Special Economic Zones following the federal government’s policy change. Officials at the Ethiopian Investment Commission (EIC) revealed details of the transition plans during a recent round of discussions with foreign investors operating in the flagship Hawassa Industrial Park
Dr. Henry Musa Kpaka, Minister of Agriculture for Sierra Leone, Welcomes AU and Chinese Delegation for Key Discussions on Rice CAAPs Development
July 16, 2024 Freetown, Sierra Leone Today, Dr. Henry Musa Kpaka, the Minister of Agriculture for Sierra Leone, hosted a high-level delegation from the African Union (AU) and the People’s Republic of China. This significant meeting marks a pivotal step in advancing agricultural development in West Africa, focusing on the integration of Perennial Rice (PR) into large-scale rice production under
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