Video guest: Josephine Mwangi

September 2017
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EDITO
Saturday, 23 September 2017

Youth employment should be at the centre of any strategy to face economic and demographic challenges in Africa, the Director-General of the UN Food and Agriculture Organization José Graziano da Silva told a joint African Union-European Union meeting, hosted at FAO headquarters in Rome. In 2014 alone, about 11 million young Africans entered the labour market. But many see few opportunities in the agriculture sector and are constrained by a lack of skills, low wages, and limited access to land and financial services. Combined, this makes them more prone to migrate from rural areas. "Fostering sustainable agriculture and rural development is essential to absorb these millions of youth looking for a job," Graziano da Silva said.

The African development bank (AfDB) and Export Trading Group (ETG) have signed a seven-year US$100mn non-sovereign guaranteed corporate loan to finance agricultural projects across Africa. ETG is an agricultural supply chain manager specialising in African commodities. Proceeds from the loan will go towards the company’s five-year Agricultural Investment Programme, which consists of a range of projects to support agricultural production, storage, transport, processing and logistics in 14 countries in Africa. Speaking to GTR, the company’s global head of treasury Anish Jain says the aim of the programme is to “build a bridge between smallholder farmers and international supply chains, as well as promoting intra-African trade”.

Tuesday, 04 July 2017

Government and Unilever today announced a Joint Vision to transform the Twifo Oil Palm Plantation (TOPP) into a state-of-the-art sustainable palm oil plantation. Vice President, Dr Mahamudu Bawumia and Unilever Global CEO, Paul Polman, agreed on a Joint Vision, outlining their support for the development of a sustainable palm oil industry in Ghana. Under this Joint Vision, Unilever and the Government of Ghana will work together to develop the plantation, support smallholder farmers, and help ensure a positive impact on the local economy.Dr Bawumia commended Unilever for the support it has offered the Ghanaian economy over the years through its continuous presence and operations in Ghana.

The European Union (EU), and the National Association of Commerce, Industry, Mines and Agriculture (NACCIMA), have insisted that the imperative of economic integration in West African sub region cannot be over emphasised. The EU Ambassador to Nigeria, Michel Arrion, during a visit to NACCIMA, in Lagos recently, noted that Nigeria plays a vital in the promotion of economic integration in the sub region. According to him, by 2050, Nigeria will be the third largest country in the world after China and India, adding that the EU is ready to work with Nigeria and other Economic Community of West African States (ECOWAS) member countries to promote trade in the region. Noting that the country is also one of the biggest markets in the world, he said Nigeria in ECOWAS is like Germany in Europe - with huge population and the biggest economy.

Monday, 03 July 2017

Belarus is preparing to build a tractor factory in Angola to modernize agriculture, a logistics center and a diverse machinery network for industry. This was said on Monday in the country by the Foreign Affairs Minister of Belarus, Wladimir Makei, at the end of a meeting with his Angolan counterpart, Georges Chikoti, who is paying a working visit to that European country, reads a note from the MIREX that reached Angop. According to Wladimir Makei, the visit of the Angolan official paves the way for the exchange of information on financial, technological, scientific, academic and cultural capacity.

British investors, under their umbrella organization called Made in Africa Initiative, have disclosed that they want to establish two industrial parks in Uganda to deal in export and import substitution with the support of the British Department of International Development. The entrepreneurs made their plans known in a meeting with President Yoweri Museveni yesterday at State House, Entebbe. The British High Commissioner to Uganda, Mr. Peter West, led the delegation that included Ms. Hellen Hai, Chief Executive Officer of Made in Africa Initiative. State Minister for Privatization and Investment, Hon. Anite Evelyn, attended the meeting. The President thanked the British entrepreneurs for coming to visit Uganda and assured them of support to realize the success of their investment project in the country.

The Imaging Technology for Precision Agriculture Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Imaging Technology for Precision Agriculture industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Imaging Technology for Precision Agriculture market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures.

Nigeria has been identified as the 19th most attractive economy for investments flowing in Africa, the latest Africa Investment Index 2016 said on Friday. The publication by Quantum Global, an independent research arm of Quantum Global Research Lab., noted the huge potentials of the economy, saying the country, which attracted a net foreign direct investment, FDI, of $3.1 billion in 2015, was also among the top countries in Africa with potentials to attract an overall FDI of $13.6billion. The report, which ranked Botswana as the most attractive economy for investments flowing into the continent, also identified Morocco, Egypt, and South Africa as the other economies.

Wednesday, 28 June 2017

China stands ready to further cooperate with Mali in its agricultural and industrial development, with a view to helping the West African nation establish an industrial system, visiting Chinese Foreign Minister Wang Yi said here Sunday. Meanwhile, China will also help Mali to nurture capacities in the three major areas of infrastructure construction, human resources, and peace and security. These efforts are aimed at allowing the country to strengthen its capability for independent development and realize economic independence after it had achieved political independence, Wang said during talks with his Malian counterpart Abdoulaye Diop.

Thursday, 22 June 2017

Africa needs to foster partners in the developed world to further boost its international trade and economic growth. This is the consensus at the recent maiden forum on “Belarus-Africa: New Frontiers’’ held in Belarus. The forum, organised by the African Export Import Bank (Afreximbank) and the Belarusian Government brought together government officials and businesses in Belarus and Africa to explore more opportunities on trade relations. Dr Bernard Oramah, the President of Afreximbank, who set the tone of discussion at the forum, said that though the total African trade grew one trillion dollars in 2016, Africa had the potential to grow the trade volume exponentially in the next few years. He said that economic prosperity of the continent was, in the main, being stifled by poor infrastructure, stressing that Africa needed 93 billion dollars annually in the next 10 years to bridge the infrastructure deficit.