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Nigeria Becomes World’s Poverty Capital – Report

Nigeria Becomes World’s Poverty Capital – Report

Nigeria has now taken over as the nation with the highest number of extremely poor people, a report by Brookings Institution has shown. Before now, India used to hold the position with a population of 1.324 billion people as against Nigeria’s 200 million. According to the report, the number of Nigerians in extreme poverty increases […]

Smelling the Coffee Gets Harder for Kenyans to Do

Smelling the Coffee Gets Harder for Kenyans to Do

Kenyan legislator Moses Kuria has planned a motion in parliament that will discuss a bill that will ban the export of raw coffee compelling Kenyan companies to process the local produce thereby increasing the sale price and creating employment. The bill according to the MP will sort out the perennial loss of income to small […]

Gabon’s sacred plant ‘Iboga’ under threat of extinction

Gabon’s sacred plant ‘Iboga’ under threat of extinction

Iboga, is one of the world’s strongest psychedelic drugs. Used to induce deep hallucinogenic trances, the plant mostly grown in Gabon is under the threat of extinction. In Oyem, a town located about 372 km from Libreville, a farmer, Hervé Omva has given himself a challenge: to industrially grow this plant, which is used to […]

Ivory Coast Govt Wants Bigger Piece of Chocolate Profits

Ivory Coast Govt Wants Bigger Piece of Chocolate Profits

For many years, Ivory Coast has been the world’s largest producer of cocoa. Most of it leaves the country in bulk and ends up in Europe, where it gets turned into fine and expensive chocolate, fetching up to 50 times the price of the raw cocoa. Chocolate is the world’s favorite comfort food. Two-thirds of […]

Euro 100 Million for Supporting Cotton in Cameroon by the International Islamic Trade Finance Corporation (ITFC)

Euro 100 Million for Supporting Cotton in Cameroon by the International Islamic Trade Finance Corporation (ITFC)

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IDB) Group (www.IsDB.org), signed a EUR 100 million syndicated agreement with the Government of Cameroon and Sodecoton as the Executing Agency for the export of cotton and the import of agricultural inputs. The Agreement was signed by HE Louis Paul […]

Dangote says “Sometimes it is just a matter of communication”

Dangote says “Sometimes it is just a matter of communication”

Financial Times correspondent John Aglionby’s reporting in the fast FT online column that Nigerian businessman Aliko Dangote “accuses ‘Bulldozer’ Tanzanian President of scaring away investors” appears to have caused an overblown row. When Financial Times editor Lionel Barber asked Nigerian business leader Aliko Dangote in a live interview at the FT Africa Summit on Monday […]

New AGCO agribusiness qualification set to develop skills, leadership and strategic expertise to drive African agricultural prosperity

New AGCO agribusiness qualification set to develop skills, leadership and strategic expertise to drive African agricultural prosperity

AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment, is a lead partner in a brand-new training program being established to develop the talent to fill vital junior management roles in African agriculture and the supply chain – currently a major gap in the continent’s skills’ resource. The Company signed a Memorandum […]

Dangote’s new project to create over 15,000 jobs in Nigeria

Dangote’s new project to create over 15,000 jobs in Nigeria

In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote Group (www.Dangote.com) today in Minna, Niger State signed a Memorandum of Understanding (MoU) with the State Government for the establishment of a jumbo $450million state-of–art and fully integrated sugar complex. On completion, according to the […]

Dangote Plans U.S.$4.6 Billion Investment in Farming Over 3 Years

Dangote Plans U.S.$4.6 Billion Investment in Farming Over 3 Years

Dangote Group Dangote Group is planning to invest a total sum of $4.6 billion in farming in Nigeria – $3.8 billion in sugar and rice and $800 million in dairy production, over the next three years as the company seeks to expand its operations in the country. Edwin Devakumar, Executive Director at Dangote’s Industries Unit, […]

Mixed Reaction to Marijuana Legalization Proposal in Zimbabwe

Mixed Reaction to Marijuana Legalization Proposal in Zimbabwe

Zimbabweans on Monday expressed both shock and surprise over government revelations it could soon partner a group of Canadian firms to produce marijuana or mbanje ostensibly for medical purposes. The revelations were reportedly made by Investment Promotion Minister Obert Mpofu at a recent Zimbabwe National Chamber of Commerce annual general meeting in Victoria Falls. Mpofu […]

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