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Program for Africa’s Seed Systems: Providing the higher-yielding seed farmers need

Program for Africa’s Seed Systems: Providing the higher-yielding seed farmers need

Africa is facing a shortage of quality seeds. Poor seed combined with climate change will exacerbate the already critical food shortage situation in sub-Saharan Africa. Africa’s population has been growing fifty percent (50%) faster than gains in food productivity. Without dramatic action, Africa’s food deficit is projected to increase to…

BP to Invest $85 Million in Mozambique’s Oil, Modernization Projects

BP to Invest $85 Million in Mozambique’s Oil, Modernization Projects

Over the span of five years, oil giant BP will inject an $85 million investment into Mozambique’s gas and facility modernization projects, according to Macauhub. Facilities at two airports will benefit from upgrades. By enhancing production centers, the company will be able to better “meet domestic and regional demand,” Thandi Orleyn,…

AfDB approves guarantee for Kenya’s 300MW wind power project

AfDB approves guarantee for Kenya’s 300MW wind power project

The Board of the African Development Bank (AfDB) approved the Lake Turkana Transmission Line Delay Partial Risk Guarantee for €20 million, the first of the African Development Fund’s Partial Risk Guarantees (ADF PRG). The ADF PRG is a risk mitigation instrument that covers private lenders and investors against the risk…

Afreximbank woos international investors to Africa

Afreximbank woos international investors to Africa

The African Export-Import Bank (Afreximbank) has said it would provide finance and technical aids to any international investor who invested in Africa. A statement issued by the bank on Wednesday said that Mr Jean-Louis Ekra, the bank’s President, made the pledge at a forum in Montreal, Canada. Ekra said the…

Africa: Nigeria Ranked Amongst World’s Poorest Competitive Countries

Africa: Nigeria Ranked Amongst World’s Poorest Competitive Countries

Despite the efforts to diversify the economy and attract investors by the Jonathan administration, Nigeria is still lowly ranked  in the Global Competitive Index (GCI) 2013 -2014 released Wednesday by the World Economic Forum. Nigeria dropped five places from last year’s 115th position to 120th among the 148 countries profiled.…

South Africa Ranks No. 1 For Regulation Of Securities Exchange

South Africa Ranks No. 1 For Regulation Of Securities Exchange

For the fourth consecutive year, South Africa ranked No. 1 out of 148 countries for regulation of securities exchanges and No. 3 for market development by the World Economic Forum Global Competitiveness Report. This indicates the country is still open for business, highly competitive, and remains the market leader in Sub-Saharan…