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Africa Investment Forum roundtable event showcases agribusiness investment opportunities ahead of 2021 Market Days

Africa Investment Forum roundtable event showcases agribusiness investment opportunities ahead of 2021 Market Days

Agriculture, Business, Economy
The  Africa Investment Forum held a roundtable event to preview two agribusiness deals worth nearly $400 million as part of the lead-in to its upcoming 2021 Market Days. The investment opportunities, drawn from the Africa Investment Forum’s pipeline, will be presented in full during the Market Days, to be held from December 1-3 in Abidjan. The virtual roundtable, organized by the Atlantic Council, took place on Thursday 7 October, 2021. During the roundtable, members of the AIF team presented an outline of the deals to investors.  As a sector, agriculture has been under-supported by investment to date, and the Africa Investment Forum’s vision is to be a catalyst for significant investment The first one, which requires $345 million in capital, entails construction and...
Africa Investment Forum to host third Market Days in Abidjan, December 1-3, 2021

Africa Investment Forum to host third Market Days in Abidjan, December 1-3, 2021

Agriculture, Business, Corporate Stories
The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire, from the 1-3 of December 2021. The annual business gathering will showcase transformative investment opportunities across the African continent, many of which hold the potential to drive Africa’s recovery from the Covid-19 pandemic. We look forward to welcoming investors to join us in Abidjan – and virtually around the world – to take the next step in Africa’s growth Invited participants to this third edition, including investors, project sponsors and decision-makers, will be presented with a pipeline of deals that are ready for investment. Market Days 2021 will be held in a hybrid format. There will be boardroom sessions, where deals are agreed among those physically present, while other atten...
Nigeria: Federal and state governors endorse Special Agro-industrial Processing Zones Programme: African Development Bank and partners to mobilize $520 million for Phase 1

Nigeria: Federal and state governors endorse Special Agro-industrial Processing Zones Programme: African Development Bank and partners to mobilize $520 million for Phase 1

Agriculture, Business, Economy
Nigeria’s Federal and State governments have expressed overwhelming support for an initiative to create Special Agro-industrial Processing Zones (SAPZ) - public-private partnerships aimed at developing priority value chains through developing infrastructure in rural areas, focused on finishing and transforming raw materials and commodities. At a high-level briefing session held on Monday, Minister of Finance, Budget, and National Planning Dr. Zainab Shamsuna Ahmed, who hosted the meeting, reaffirmed the Federal Government’s commitment to put in place enabling policies and incentives to attract private sector investment in the Zones, to ensure successful implementation. “The Federal government is committed to successfully implementing the programme to increase agricultural production...
The Southwest Indian Ocean Fisheries Commission Completes its Eleventh Session

The Southwest Indian Ocean Fisheries Commission Completes its Eleventh Session

Agriculture, Business, Economy
The Southwest Indian Ocean Fisheries Commission (SWIOFC) held its 11th session. Eleven out of its ten member counties attended the session, namely, Comoros, France, Kenya, Madagascar, Maldives, Mauritius, Mozambique, Seychelles, Somalia, the United Republic of Tanzania and Yemen. Since the establishment of the SWIOFC in 2005, this is the first time that, the member states hold their regular session virtually. The session was preceded on 3 August 2021 by the Regional Steering Committees for the Southwest Indian Ocean region fisheries projects linked to the SWIOFC, namely, the SWIOFish1 project funded by World Bank and the FAO EAF-Nansen Programme. The Commission acts a regional platform for the steering and collaboration with of fisheries projects. Several other projects and partne...
India Extends up to a Million USD for Climate Resilient Agriculture in Zimbabwe

India Extends up to a Million USD for Climate Resilient Agriculture in Zimbabwe

Agriculture, Business, Economy
The Government of India has contributed almost USD one million to the United Nations World Food Programme (WFP) in Zimbabwe to help affected populations tackle climate shocks. The contribution, provided through the India-UN Development Partnership Fund, will be used to assist more than 5200 smallholder farmers in Chiredzi and Mangwe districts. Working alongside partners, WFP Zimbabwe will provide expertise through its Smallholder Agricultural Market Support (SAMS) programme, to strengthen the resilience and capacity of selected smallholder farmers. The project will promote the cultivation of drought-tolerant small grains and legumes – reducing the negative effects of recurring droughts in Zimbabwe. India played a key role in promoting the adoption of 2023 as the year of millet by th...
International Youth Day: How winners of the Bank’s AgriPitch competition are helping to transform Africa’s food system

International Youth Day: How winners of the Bank’s AgriPitch competition are helping to transform Africa’s food system

Agriculture, Business, Economy, Innovation
As the world observes International Youth Day, Africa is producing a growing number of young entrepreneurs who are adopting new ideas to bring more affordable, quality food from farm to fork. This year’s theme is “Transforming Food Systems: Youth Innovation for Human and Planetary Health”, putting the spotlight on the role of young people in achieving the success of such a global effort. “Africa’s youth play a key role in scaling up the continent’s agricultural production that can transform Africa’s food systems. On International Youth Day, we celebrate Africa’s next generation ‘agripreneurs,’ whose innovations in agribusiness are helping to feed Africa,” said Dr. Beth Dunford, Vice President for Agriculture, Human and Social Development, at the African Development Bank. Iken...
FAO provides cash plus livestock and agriculture packages to cushion vulnerable households from the desert locust invasion

FAO provides cash plus livestock and agriculture packages to cushion vulnerable households from the desert locust invasion

Agriculture, Business
The desert locust invasion in Somalia has significantly affected the country’s food security, with successive generations of swarms destroying vital crops and pastures. Compounding the situation were floods, cyclones, droughts and the emerging socio-economic impact of coronavirus disease 2019. To provide immediate relief as well as sustained access to nutritious food sources for vulnerable households to help them recover from these shocks and withstand future crises, the FAO office in Somalia, under its “Desert locust crisis – Somalia Action Plan”, implemented a project entitled “Protecting lives and livelihoods impacted by Desert Locusts in rural Somalia”. Funded by the Directorate-General for European Civil Protection and Humanitarian Aid Operations (ECHO), the project co...
Strengthening Market-led Digital Agriculture Platforms in Malawi

Strengthening Market-led Digital Agriculture Platforms in Malawi

Agriculture, Business
Searching for markets required money, physical stamina and a lot of time travelling. We used to leave this for men,” Monica Rashid, Msambafumu Network, Lisasadzi Extension Planning Area (EPA), Kasungu. Monica is a smallholder farmer in Kasungu district. She faces challenges in accessing produce markets, extension services, and market information like many other farmers living in remote areas that are far from thriving trading centres.   In this context, the Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Government of Malawi, through the Ministry of Agriculture’s Department of Agriculture Extension Services (DAES), have provided 78 smartphones to smallholder farmers like Monica, to enhance market-led digital extension services. The i...
African Development Bank Group, Ethiopia, sign $118 million in grant agreements to support agro industrial park, youth employment and Ethiopia-Djibouti power interconnection

African Development Bank Group, Ethiopia, sign $118 million in grant agreements to support agro industrial park, youth employment and Ethiopia-Djibouti power interconnection

Agriculture, Business, Corporate Stories
The African Development Bank Group (www.AfDB.org) and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti. The grants fall under the Bank Group’s concessional lending window, the African Development Fund, and will go towards the Productivity Enhancement to Support Agro Industrial Parks and Youth Employment Project worth $47 million, and the $71 million Ethiopia-Djibouti Second Power Interconnection Project, which aims to boost electricity trade between Ethiopia and neighbouring Djibouti. The industrial parks and youth project will see the development of irrigation and water management infrastructure around the Integrated Agro-Industrial Parks, offering opportunities for gr...
African Development Bank, partners, renew commitment to end child stunting in Africa

African Development Bank, partners, renew commitment to end child stunting in Africa

Agriculture, Growth & Insight
Urging unity and action to accelerate nutrition targets amid the global Covid-19 pandemic, representatives of the African Development Bank (www.AfDB.org), the Aliko Dangote Foundation and Big Win Philanthropy renewed their commitment to end child stunting and other forms of malnutrition through the Banking on Nutrition Partnership (https://bit.ly/3wEhp4H). The partners convened during a high-level panel discussion held on 8 July, organized by the African Development Bank. They shared lessons learned, experiences, achievements of the Banking on Nutrition Partnership since its inception five years ago. They also discussed its implementation within the African Development Bank and its Multi-Sectoral Nutrition Action Plan, as well as measures to encourage other organizations and developmen...