CAAPs
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
AU Agriculture Commissioner H.E. Amb. Josefa Sacko Hosts FARA Executive Director, Dr Aggrey Agumya for High-Level Meeting
Date: July 8, 2024 Venue: African Union Commission (AUC), Addis Ababa, Ethiopia Addis Ababa, Ethiopia – July 8, 2024: In a pivotal moment for Africa’s agriculture research and innovation, H.E. Amb. Josefa Sacko, the Commissioner for Agriculture, Rural Development, Blue Economy, and Sustainable Environment (ARBE) at the African Union Commission (AUC), hosted Dr. Aggrey Agumya, the Executive Director of the
The International Islamic Trade Finance Corporation endorses CAAPs
July 2, 2024 The Africa Export-Import Bank (Afreximbank), and the Forum for Agricultural Research in Africa (FARA) mark a significant milestone as the Common African Agro-Parks (CAAPs) Project Agreement is officially endorsed at the Tunisia Africa Business Meetings. This groundbreaking collaboration between the International Islamic Trade Finance Corporation (ITFC), Afreximbank and FARA, supports the visionary CAAPs Programme. “Together, we’re set
CLIMATE Agro-industrial regional hubs to address Africa’s $50 billion food import – Janet Edeme
written by Daniel Abugre Anyorigya The Head of Rural Development Division (ARBE) and Chair of the CAAP-TWG (AUC), Dr. Janet Edeme, has reiterated that establishing regional agro-industrial hubs will reduce Africa’s $50 billion yearly food imports. This will also enhance agricultural productivity and stimulate economic growth among African countries, as this aligns with the “broader vision of the African Union to
Technical Engagement at AFREXIMBANK Headquarters Paves the Way for CAAPs Projects
March 19, 2024 – Cairo, Egypt The AFREXIMBANK Headquarters played host to a significant technical engagement on March 15th and 16th, 2024. The event brought together key stakeholders from the Common African Agro-Parks (CAAPs), with a particular focus on representatives from the Zambia-Zimbabwe CAAP (ZimZam CAAP) and the Cote d’Ivoire-Ghana Cocoa CAAP (CIG CAAP). Chaired by Dr. Janet
AFREXIMBANK and AUC Forge Strategic Partnership to Advance the CAAPs Initiative for Africa
Addis Ababa, 16th February 2024 The African Export-Import Bank (AFREXIMBANK) and the African Union Commission (AUC) have formalized a strategic partnership by signing a Memorandum of Understanding (MoU) to implement the Common African Agro-Parks (CAAPs) initiative. This landmark agreement, inked at the 37th AU Summit in Addis Ababa, solidifies the commitment of both entities to catalyze agricultural development and agro-industrialization
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