The AfDB president, formerly a minister of agriculture for Nigeria, said that the policy risks turning the country into an import-dependent nation. July, 2024… Akinwumi Adesina, the president of the African Development Bank, has said the decision by Nigeria’s government to allow large-scale food importation risks destroying the country’s agriculture sector. Akinwumi Adesina …
Read More »DONORS PLEDGE 30 BILLION DOLLARS FOR AFRICA’S AGRICULTURE!
African leaders recommit to increase financing from national budgets to agriculture… KIGALI, Rwanda… James Tasamba… Africa’s development partners committed 30 billion dollars Friday to agricultural development and food sovereignty on the continent during the next five years. The announcement came at the closure of a continental food summit in Senegal’s …
Read More »WHEAT PRICES IN AFRICA UP 60 PCT DUE TO RUSSIA-UKRAINE WAR…
AfDB has developed $1.5B Africa Emergency Food Plan which is pending approval by bank’s top management… James Tasamba… KIGALI, Rwanda… The Russia-Ukraine war has disrupted wheat exports, driving wheat prices up by 60% in Africa, the president of the African Development Bank (AfDB) said Tuesday, warning that the continent will …
Read More »BUILDING AFRICAN ECONOMIES BACK, BETTER AND STRONGER THAN BEFORE…
The COVID-19 pandemic has upended the world economic order as we know it and may be the gravest challenge that Africa’s leaders have faced since independence. Africa, like other regions, is reeling from the pandemic’s economic and social consequences. The global economic downturn is undercutting every sector of Africa’s economy. …
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