The Department for International Development (DFID) has promised to invest £30million in climate change programme in Nigeria. This is contained in a statement issued by DFID’s Director of Information, Mr Tony Ohaeri on Friday in Abuja. The statement said DFID’s Head of Office, Mr Ben Meller, gave the promise when he paid a visit to the Minister of Agriculture and Rural Development, Chief Audu Ogbeh. “DFID would invest the sum of £30million in climate change programme in Nigeria and we are ready to give financial supports to the rural areas through the Bank of Agriculture. “Challenges such as climate change, finance, infrastructure among others are militating against sustainable growth of the sector.
The European Union (EU) will this year apply 9 million euros to two projects in Angola to support agro-pastoral communities affected by drought in the provinces of Huila, Cunene, Benguela, Namibe and Huambo, said the FAO representative for the southern region of Angola. Matteo Tonini also told Angolan news agency Angop that the funding comes from the European Development Fund (EDF), whose total value for Angola is estimated at 210 million euros.
Nestlé, the world’s biggest food and beverage company that relies on millions of farmers around the world to supply agricultural raw materials needed for its products is set invest in Ghana’s rural communities and agriculture. Farmers are important to Nestlé and globally Nestlé works with more than 695 000 farmers, mainly smallholders, who provide the company with high-quality raw materials. These farmers and farm workers are essential to the ongoing success of the company. Nestlé is committed to contributing to the sustainable development of the rural communities where it sources from.
Earlier this week, the Minister of Finance, Hon Calle Schlettwein signed an agreement with representatives of the German Federal Government and the Kreditanstallt fuer Wiederafbau (KfW) for a Euro30 million concessional loan to continue improvement of the road network, to boost tourism infrastructure in the Zambezi region, and to facilitate land reform. The agreement was sealed shortly before the German delegation departed for a familiarisation tour to the northern regions accompanied by the German Ambassador, HE Christian Schlaga, the Chief Executive Officer of the Roads Fund Administration (RFA), Mr. Ali Ipinge, and the Director General for Africa and the Middle East of KfW, Mr Helmut Gauges.
An expert from Dublin Port Company will join two representatives of the UNCTAD/TrainForTrade programme in the juries that will assess the dissertation deliveries of the 28 middle managers from Ghana Ports and Harbours Authority (GPHA).
Friday as part of the Strategic Plan of Development of Haiti (PSDH), developed by the Haitian government, Vincent Dégert, Ambassador of the European Union (EU) in Haiti accompanied by Jean-Jacques Charles the National Authorising of European development fund in Haiti, in the presence of representatives: from the French Development Agency (AFD), the Ministry of Public Works, Transport and Communication (MTPTC), the Interministerial Committee for Territorial Planning (CIAT) and the Housing and public Building Construction Unit (UCLBP), has gave a positive assessment of the implementation of the Support Programme for Reconstruction and Development of Neighbourhoods (PARAQ)
Accion, the global innovator in expanding access to financial services and economic opportunity in emerging markets, said today that it will help rural Ugandans open formal savings accounts, receive business loans, and access many other financial services that they need to build better lives through its new partnership with UGAFODE Microfinance Limited (“UGAFODE MDI”), one of the fastest growing microfinance institutions in Uganda today
During recent years, the African story has been built around oil, mining and the sale of commodities; as well as foreign direct investment from global businesses, institutional and sovereign investors. Underpinning this has been a hidden but growing logistics sector, forming the backbone for industrial development and becoming a fast-growing industry in itself. Economic growth in sub-Saharan Africa has been driving the demand for world-class transportation and logistics, which is fundamental to the success of businesses, particularly for African entrepreneurs and innovators seeking to ship products and expand their regional footprint.
During the first-ever Programme for Infrastructure Development in Africa (PIDA) Week [13 to 17 November], at the AfDB headquarters in Abidjan, a session was held on ‘PIDA Creating Jobs for Africa’s Youth.’ The session concluded by emphasising that the time to resolve unemployment in Africa is now. The panel highlighted the ways in which infrastructure development could be implemented in a way that creates opportunities for employment for Africa’s growing youth. Sunita Pitamber, AfDB’s Director for Human Development, pointed out that the infrastructure sector offers considerable job opportunities for youths, and that the Bank had already created 8 million jobs through infrastructure development, and had trained 5.5 million youths in the area.
The upcoming week for the Programme for Infrastructure Development in Africa (PIDA), which runs from November 13-17 in Abidjan, the capital city of Ivory Coast, is set to throw this continent into the full gear of infrastructural boom, development experts here say. “If PIDA and what it all entails may be strictly followed by Africa and its leaders, yes, truly the underdeveloped continent may see itself emerging from the era of infrastructural underdevelopment and help the continent attract much needed foreign investors,” Zimbabwean independent economist, Kingston Nyakurukwa, told IPS.