Africa
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Cooperatives & Communities
CoopStar: Empowering research and the cooperative movement in Africa
NAIROBI, December 7, 2023 – The Cooperatives for a Sustainable Transformation in Africa [ CoopStar ] workshop held in Nairobi, Kenya, from December 3-6, 2023 has marked a crucial step forward in…
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Africa
COP28: Africa could lose US$ 25bln per year as new EU carbon tax comes into effect, warns AfDB President
DUBAI, December 7, 2023 – African Development Bank [AfDB] President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalising…
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Africa
COP 28: AfDB’s US$1bln insurance facility to protect millions of farmers in Africa
DUBAI, December 4, 2023 – The African Development Bank [AfDB] has presented its planned US$1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts…
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Africa
Resource-rich Africa has no excuse to remain poor, says AfDB boss
ABUJA, November 30, 2023 – With US$ 6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse to be…
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Africa
AfDB approves US$ 10mln investment in Kenyan company Dhamana
NAIROBI, November 21, 2023 – The African Development Bank [AfDB] has approved a US$ 10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an…
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East Africa
AFFM commits more than US$ 2mln to improve farmers’ access to fertilisers
NAIROBI, November 20, 2023 – The Africa Fertilizer Financing Mechanism [AFFM] will provide a US$ 2 million partial trade credit guarantee and a US$ 219,000 grant funding to Nairobi-based Apollo Agriculture Limited…
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Cooperatives & Communities
Agribusiness should benefit from the attention of banks and institutional donors, experts say
MARRAKESH, November 14, 2023 – Banks, institutional partners and the private sector should invest heavily in agribusiness in Africa, a sector that suffers from a financing gap just as it becomes the…
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International
Global coffee exports drop 11.6 percent in September 2023
KAMPALA, November 6, 2023 – Global green bean exports in September 2023 were 7.8 million bags, as compared with 8.83mln bags in the same month of the previous year, down 11.6 percent,…
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Africa
Trade with Asia buttresses Africa’s US$ 1trn export opportunity
NAIROBI, November 4, 2023 – Africa’s total exports will reach US$ 952 billion by 2035, supported by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle…
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International
US to remove Uganda, others from AGOA trade programme
KAMPALA, October 31, 2023 – The President of the United States, Joe Biden said on Monday that his government intends to end the participation of Uganda, Gabon, Niger, and the Central African…
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