Agriculture: Latest News
Makula Dunbar, 11:33 am
An ad hoc ban on the export of staple food crops in the country is one of the major drawbacks in the fight against poverty in rural communities, whose livelihoods depend on agriculture. The ban does not only affect the rural poor, but also hikes prices, which in the end have been demotivating farmers, leading to low production and productivity.
Ann Brown, 4:00 pm
From Reuters Ivory Coast, the world’s top cocoa grower, aims to create 2.4 million new jobs by the end of 2016 though a program of heavy investments in agriculture, a senior government official said. Once the motor for economic growth in West Africa, Ivory Coast is recovering from a decade-long political crisis that split the […]
Makula Dunbar, 6:04 pm
The executive secretary of the United Nations Convention to Combat Desertification (UNCCD), has called at the 11th Conference of Parties (CoP 11) to the UNCCD on international organisations and the business community to provide support to Namibia in addressing the severe drought the country currently face.
Dana Sanchez, 4:11 pm
Warned to diversify its oil-based economy, Algeria has invested heavily in agriculture and now boasts a booming industry that provides more jobs than its oil industry. The Algerian government has been offering cheap loans and concessions to farmers willing to work their farmlands four hours a day before 9 a.m. due to the excessive heat in the desert. Agriculture is being promoted in Southern Algeria despite the harsh conditions of the Sahara desert.
Makula Dunbar, 2:52 pm
In its balance sheet on the 2013 Economic and Social Plan presented on Monday at a session of the Development Observatory, which brings together representatives of the government, civil society and the international community, the document showed that the strongest areas of growth were financial services (23.3 percent), mining (22 percent) and government services (16.2 percent), all well in excess of their annual targets of 17.7, 18.6 and 4.1 percent respectively.
Makula Dunbar, 4:28 pm
There’s plenty of work in resources-rich Angola and Mozambique but non-domestic lawyers and investors find it hard to get a piece of the action. As two of the world’s fastest growing economies and driven by a wealth of natural resources, both Angola and Mozambique are booming, but not everyone is invited to the party. In a bid to protect the local players, foreign investors and lawyers face restrictions.
Dana Sanchez, 1:35 pm
Ugandan Agriculture Minister Tress Bucyanayandi said he has no problem with China growing food in Africa to tackle its own increasing food deficit. A recent study by Standard Chartered predicted that China will have to import 100 million tons of food a year within 20 to 30 years to avoid shortages.
Ann Brown, 7:00 pm
The business community is saying Nigeria is moving too slow on agriculture reform. The country is reforming its farming sector to bolster production and draw investment but companies say more needs to be done to tackle entrenched corruption, poor infrastructure and rogue government agencies, reports Business Day Live. For the first time Nigeria’s annual economic summit […]
Dana Sanchez, 11:14 am
The rebasing could boost Nigeria’s economy from $250 billion to around $350 billion. That brings it closer to South Africa’s current $385 billion economy. With a growth rate of more than 6 percent a year compared with 3 percent in South Africa, Nigeria may eventually overtake its rival to take top spot as Africa’s largest economy
Makula Dunbar, 2:54 pm
The Angolan Foreign minister, Georges Rebelo Chikoti, said Tuesday in Lisbon he wishes for Angolan investments in Portugal, alike the Portuguese investors do in the country, adding this is a due opportunity for businesspeople to find a place on each others side.
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