Agriculture: Latest News
Julia Austin, 9:11 am AFKI Original
Coveted by makers of musical instruments and fine furniture, African blackwood can sell for $9,000 a log. Processed timber is $13,000 per cubic square meter. It’s a small tree, and low germination rate plus lack of planning for conservation mean it’s in danger of disappearing in its native habitat. The threat to its survival has driven up the price of the wood. You’ll pay $80 per board-foot for this wood, compared to $4 for birch.
Keren Mikva, 4:50 pm
It’s the fourth-longest river in Africa, and vital to the economies of countries it runs through. The fertile Zambezi river basin plays host to a vast variety of wildlife, including crocodiles, lions, and hundreds of bird species. While some species are protected, hunting safaris are common. But areas once considered protected are also being exploited for mining. Australian-owned company Zambezi Resources received a 25-year license to mine for copper in the Lower Zambezi National Park.
Seeking New Markets: Venture Capital Fund Leaving London, Moving To East Africa. Here’s Who’s Already ThereBy Dana Sanchez, 11:35 am
London’s startup ecosystem is flooded with early stage funding for tech startups, so one of the city’s best-known venture capital funds is planning to move to a much less crowded neighborhood — East Africa. East Africa’s angel investment scene is rising, but slowly. Angel investing in Africa can make a big difference to economies there, said the founder of London VC fund Playfair Capital.
Kevin Mwanza, 5:04 am
Results of a referendum in the United Kingdom on Thursday to leave the European Union shocked markets across the globe, with over $2 trillion wipe out in a single day. African economies were not spared the volatility that the Brexit vote caused on different asset classes. Currencies, stocks and bonds plunged across the continent after the UK’s vote to leave. Africa’s largest economies – that have been struggling with commodity prices rout – were the most affected
What Africa needs, each and every day, are heroes of a different sort – “action heroes” with ideas and vision, ready to respond to challenges that could determine the fate of a continent with a land mass larger than the United States, Western Europe, China and India combined. This is a lot of land, with a lot of potential. Africa’s challenges are well known: A devastating drought is destroying crops in Eastern and Southern Africa.
Kurt Davis Jr., 12:36 am AFKI Original
Overexploitation is the story of a new crisis in Africa — the quick depletion of Africa’s coastal fisheries. At its heart is illegal, unreported and unregulated fishing. This is the case with up to a half of West Africa’s fish catch. A regional registry of fishing vessels should be established. The Port State Measures Agreement’s basic principal is simple: If ports where fish are landed are the checkpoints for the fishing industry, then it more difficult to find a port-side buyer for illegally caught fish.
Julia Austin, 4:13 pm AFKI Original
A South African wine just won the Platinum Best In Show Award at the prestigious Decanter World Wine Awards in the U.K. DeMorgenzon Chardonnay Reserve 2015 (Stellenbosch) is officially one of the best in the world, beating out 16,000 others from France, the U.S. and Australia. South Africa may be staring down a recession, but its wine industry didn’t get the memo. The country’s wine industry had a 5 percent increase in wine exports in 2015. Here are 8 other award-winning South African wines to drink in 2016.
Kevin Mwanza, 9:27 am
Coffee farmers are moving to highlands in an effort to escape climate change, which according to researchers has contributed to increased diseases and pests and shift in growing conditions, the U.S. Department of Agriculture (USDA) said in their first estimates for the season. This, the USDA said, will help keep coffee output from the continent at near it record high despite a production drop of about one million bags from the region’s top producer — Ethiopia, Kenya, Tanzania and Uganda.
Staff, 12:10 am
Kenya, Tanzania and Uganda have hinted that they could open up soon to the use of GMO seeds to increase crop yields. Rwanda says it will not lift a ban on GMOs despite a sharp decline in its crop yields in the face of erratic weather patterns and diseases that affect maize crops. The contribution of agriculture to the gross domestic product of Rwanda has declined in recent years from 35 percent in 2012 to about 33 percent in 2015.
Staff, 12:01 am
In addition to expertise in fighting Islamic terrorism, Israel can give Africa technology in irrigation, agriculture and renewable energy, says Avraham Neguise, Member of Israel’s Knesset and chairman of the Caucus for Israel-Africa Relations. “We can grow food in the desert,” Neguise says. “The best ambassadors for this message are Ethiopian Israelis. The very same young people who filled up our squares with protests about the lack of social and economic opportunity could be trained to advance Israeli business and diplomatic efforts throughout Africa.”
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