Africa Business World 

4G Capital, Citi partner to strengthen financial inclusion in Kenya

– – 4G CAPITAL GROUP Limited (“4G CAPITAL”), a market leader in technology-driven financial inclusion, Citi, U.S. International Development Finance Corporation (“DFC”) and the Ford Foundation have collaborated to expand financial inclusion through the provision of working capital to support the growth of micro-enterprises in Kenya. 4G Capital will receive a KES 285M term loan from Citi that will reach… Read More
Africa Business Ghana Nigeria News and Headlines West Africa World 

Stranded Nigerian traders in Ghana cry out for repatriation

– – Hundreds of Nigerian traders in Ghana have staged a protest demanding their repatriation over what they say is the inhumane treatment from the Ghanaian government. They are crying foul over the refusal of the Ghanaian authorities to reopen their shops months after they were locked up for alleged violation of Ghana’s investment laws. In September, the speaker of… Read More
Development Health Advice 

COVID-19: ‘Little or no’ benefit from trials of anti-virals, says WHO 

 The Solidarity Therapeutics Trial, overseen by the World Health Organization (WHO), shows that medications Remdesivir, hydroxychloroquine, lopinavir/ritonavir and interferon, repurposed to treat new coronavirus infections, “appeared to have little or no effect on 28-day mortality or the in-hospital course of COVID-19 among hospitalized patients”, WHO said in a statement on Friday.  The study, which began in March and spans more than 30 countries, looked at the… Read More
Africa Business Nigeria News and Headlines West Africa World 

Renewable energy and Agric project boost jobs in Niger Delta

– – Asanita Agricultural Processing Company has secured funding to build a renewable energy power plant and a cassava processing to ethanol plant in Southern Nigeria. The project located on a 40-hectare estate in Edo State in the Niger Delta region, will produce 50,000 litres per day of ethanol and deliver electricity for up to 300 homes. By creating hundreds of jobs for illegal migrant returnees and boosting the local economy, it also aims to discourage human tracking and illegal migration. The power plant is designed to reduce carbon… Read More
Africa Investments 

World Food Day 16 October, 2020

To mark World Food Day 2020, we share a message from African Leaders for Nutrition (ALN) Champion H.E. Andry  Rajoelina, President of Madagascar who reflects on the challenges of his own country in fighting hunger and malnutrition. President Rajoelina also emphasises the need for united action to combat stunting. The ALN Secretariat is hosted by the Bank to foster opportunities for high-level engagement… Read More
Africa Investments 

A São Tomé-et-Principe, la Banque africaine de développement contribue à former une nouvelle génération d’agriculteurs et de pêcheurs

Cela fait 30 ans que Paulina Barbosa vend du poisson à São Tomé, la plus grande île de l’archipel. « J’accompagnais ma mère, qui vendait du poisson. J’ai appris avec elle. Elle vendait dans la rue, portait le poisson sur la tête, sans hygiène, se souvient Paulina. À l’époque, il n’y avait pas autant de clients qu’aujourd’hui. » Depuis 2014, la… Read More
Africa Investments 

World Food Day 2020 : Banking on agriculture

Quick facts on the African Development Bank’s Feed Africa High 5: Approvals for the Feed Africa priority totaled UA 884.7 million in 2019. Twenty-nine percent went to non-sovereign operations. The Technologies for African Agricultural Transformation (TAAT) Africa, is an African Development Bank initiative launched in a continent that holds 60% of the world’s arable land; yet we remain importers of… Read More
Africa Investments 

Why COVID-19-impacted World Food Day 2020 is the time to prioritize investments in food systems

World Food Day 2020 marks the 75th anniversary of the founding of the Food and Agriculture Organization, but celebrations this 16 October are muted due to the coronavirus. COVID-19’s multi-sectoral impact should have governments and development institutions rethink investments in food security, healthy diets, and building infrastructure that supports how food is grown, processed, traded, delivered, sold and consumed. COVID-19… Read More
Africa Investments 

World Food Day 2020: He came second place, but Kenyan agripreneur still on winning streak

Kenyan Francis Nderitu’s Raino Tech4Impact cold storage start-up finished second in the African Development Bank’s AgriPitch competition last June, surprising the young man whose company brings farm-grown fish to market. Despite not getting the top prize at AgriPitch, designed to train young African “agripreneurs” in how to pitch investors and scale up their business, the runner-up title turned out to… Read More
Africa Investments 

In Ghana’s north, training and support to farmers drives major livelihood improvements

A 39-year old Ghanaian farmer has broken a record by becoming the first indigenous commercial farmer with over 425 hectares of farmland in a single location in the country’s northern savannah ecological zone. Isaac Papanko, CEO of Idan Agro Ventures Papanko, started off farming maize on 8 hectares and largely credits his success to training provided by the African Development… Read More
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