Video guest: Josephine Mwangi

July 2017
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EDITO
Thursday, 27 July 2017

A delegation of business executives from the Gauteng Province in South Africa has met with their Ghanaian counterparts to explore investment opportunities in the country. Led by the Premier of the Gauteng Provincial Government, Mr David Makura, the delegation focused on areas of interest, including road infrastructure development, agriculture and agro-processing, energy, rail and ports infrastructure and manufacturing.Subsequently, a business forum was organised by the Ghana Investment Promotion Centre (GIPC) to give Ghanaian businesses the opportunity to interact with the delegation as part of efforts to drive trade within Africa. The forum was on the theme, “Investment and business partnerships: The vehicle for intra-Africa integration and impactful economic development.”

Victus Global Capital and Altree Capital have partnered to launch a US$50mn fund focusing on investment into women-led agribusinesses in Africa. The fund aims to boost African agriculture through the practise of so-called ‘gender lens investing’, which focuses on funding women-owned businesses, companies with a track-record of hiring women, and those that aim to improve the lives of women through their products and services. It is initiated by Bo Masole and Zee de Gersigny – the founders of Victus Global Capital, an investment firm focused on transforming agriculture and empowering women in Africa – and Jenni Chamberlain, CEO of African asset management specialist Altree Capital.

The East African Legislative Assembly (EALA) has passed a $110.1m (Shs396b) budget for the financial year 2017/18, an 8 per cent increase from $101.3m (Shs364b) for the year ending in June. The new budget seeks to prioritise the development and promotion of nine sectors, including regional infrastructure, trade and investment. Presenting the budget to the Assembly in Arusha, Tanzania, last week, Uganda's Ali Kirunda Kivejinja, the chairperson of the Council of Ministers of EAC, said: "The new budget seeks to consolidate the Single Customs Territory (SCT) to cover all imports and intra-EAC traded goods including agricultural and other widely consumed products."

Monday, 05 June 2017

Weeks after President Ellen Johnson-Sirleaf issued Executive Order #84 for the regulation of Liberia's fishing industry, the European Union (EU) has expressed concern over the order. In a letter to President Ellen Johnson-Sirleaf, the EU expressed concern over the implications of Executive Order number 84. It further said it was surprised to learn about the order through the media considering the longstanding cooperation existing between Liberia and the Union which culminated in the signing of the EU- Liberia Sustainable Fisheries Partnership Agreement (SFPA) in December 2015. Through its Ambassador to LiberiaMadam TiinaIntelmann, the EU said based onexperience in other countries, it believes that some of the measuresintroduced under Section 2 of the EO will not lead to sustainable investments.

Tuesday, 30 May 2017

Representatives of the Economic Commission for Africa (ECA) and the Food and Agriculture Organization of the United Nations (FAO) met in Addis Ababa on May 10, 2017 and agreed on a roadmap for the implementation of the partnership agreement signed between the two entities in January 2017. During the meeting, which was held under the theme, "Achieving agricultural transformation in Africa," participants identified and agreed on four key programme areas including, enhancing rural entrepreneurship and employment for youth and women; addressing natural resource degradation and scarcity, conflicts and migration; ending hunger, nutrition and poverty in Africa; and effective response to climate change.

Lack of storage forces farmers to sell their harvest at low prices - but changing that can help them get ahead Surveying his village's stocks of rice, sesame, millet and other food in a storehouse piled high with bags, Amadou Hassane is satisfied - but still a little anxious about the oversupply of baobab leaves. With the rainy season set to start soon in Niger, Hassane and his fellow farmers need buyers for their leaves before the rains come, driving the prices down as fresh leaves sprout and supply surges across the western region of Tillabery. "Life is hard because it is difficult to know when the first rains will come," Hassane told the Thomson Reuters Foundation, holding a list of each farmer's contribution to the village's stockpile.

Africa is undeterred by the failures of the past and the continent is motivated by the incredible energy and talent of its bustling youthful population, according to Acting President Yemi Osinbajo. Mr. Osinbajo spoke Saturday at the G7 Summit special outreach forum on Africa with selected African nations and leaders including Nigeria, Guinea, Tunisia, Niger, Ethiopia and Kenya.According to him, "Africa is confident of the future because we have learnt,... we are investing more in education, insisting on good governance and holding ourselves to account."

The Group of Seven (G7) leaders has in its 'Taormina Communiqué' underscored that "Africa’s security, stability and sustainable development are high priorities". But it has yet to respond to UN Secretary-General António Guterres' specific call for the need to invest in young people, with stronger investment in technology and relevant education and capacity building in Africa. The two-day G7 summit in Italy, in which the leaders of six other industrial nations – Britain, Canada, France, Germany, Japan and the U.S. also took part, concluded on May 27 in Taormina, a hilltop town on the east coast of Sicily, Italy.

ECOWAS agriculture activities cover 15 member states, the main objective is to promote food and nutrition security in all the 15 member states and at the same time, constitute to the process of regional economic integration, and agriculture is central to the economy of all our member states. We have different programmes that cover the 15 member states of ECOWAS. In Nigeria particularly, we have programmes and projects that is being implemented by ECOWAS which includes the West African Agriculture Productivity Programme (WAAPP), it is a joint initiative of ECOWAS and the World Bank which deals with agricultural technology. We have the West Africa Seed Project, the West Africa Fertilizer Project. We have other projects like the partnership for Aflactoxion control in Africa, this programme is looking at how to reduce the harmful effects of Aflactoxion on agriculture and health.

Monday, 29 May 2017

The European Union (EU) and the Ministry of Health and Social Welfare (MOHSW) introduced a food fortification opportunity for nutrition sensitive food system in The Gambia to overcome under-nutrition, at a ceremony held at the Senegambia Beach Hotel on Wednesday. In his remarks, Darrell Sexstone, programme manager for Agriculture Food and Nutrition security, climate change and institutional support at the EU delegates, said the effect of poor nutrition represents one of the most serious and preventable tragedies of the time. He said millions of children survive but grow up stunted with a low height for their age and impaired mental development.