Category “Markets”

East Africa: Rwandan Farmers Gain From EAX

Kigali — Farmers here will benefit from the recently launched regional commodity exchange market, because it is now possible to trade their produce on a regional platform which can offer higher returns.

“The East African Exchange market serves the East African Community. Rwanda being part of it is very crucial since this will give a chance to farmers to produce quality products compete with other traders on market hence gain more from their trade,” Kadri Alfah, the Chief Operations Officer at EAX said.

“We have started working with different farmers’ cooperatives (about 120.000 farmers) through the Ministry of Agriculture and Animal Resources and these are going to help other farmers bring their produce to our warehouses,” Kadri said.

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South Africa: City Women Generate Food & Income on Tiny Urban Plots

Cape Town — “It’s a lot of work”, says Mama Lulama Jim as she takes respite from the wind in a makeshift container kitchen. She pauses to study her notes made during an early morning inspection of the current crops of cabbage, carrots, spinach, brinjal and spring onion.

“It’s a lot of work, but we manage because we have a passion for farming”. Mama Jim is part of a revival of urban agriculture in the townships of Cape Town. On the back of higher food and commodity prices, micro farmers like Mama Jim are using tiny parcels of land to grown food for their families and to generate an income.

She and three other women, all over the age of 60, run a communal food garden in Gugulethu, a township on the outskirts of Cape Town.

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Africa: Agriculture Cornerstone of Southern Africa’s Economy

Livingstone — Although southern Africa’s growth has been driven by minerals and other natural resources, agriculture offers the greatest potential for transforming the Southern Africa’s economy.

Speaking at the official opening of the 20th Session of the Intergovernmnetal Committee of Experts (ICE) in Livingstone, Zambia, Secretary to the Treasury, Fredson Yamba, representing Minister for Finance, Republic of Zambia, Alexander Chikwanda said that agriculture remains one of the most important source of revenues and foreign exchange earnings for governments in the region contributing an average of 30 percent gross domestic product and about 70 percent of employment in Southern Africa.

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Ethiopia: Trade Barriers Worsen Food Insecurity

Africa is not achieving its potential in food trade. The growing demand for food is increasingly being met by imports from the global market. This, coupled with rising global food prices, is leading to ever mounting food import bills.

Clearly something has to change. Business as usual with regards to food staples in Africa is not sustainable.

Fortunately, there is a solution to this problem within Africa. The potential to increase agricultural production is enormous.

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Nigeria: UK Set to Offer Technical Support to Kwara’s Agriculture Revolution

The United Kingdom Trade and Investment has concluded arrangements to offer technical support on agriculture to Kwara State to enable the state meet best practices for entry into the international market.

The Senior Trade Development Manger of UK Trade and Investment, Miss Judy Melifonwu, disclosed this in Ilorin on Monday during an interaction with the State Governor, Alhaji Abdulfatah Ahmed.

She described Kwara State as the agriculture hub of Nigeria. According to her: “The UK Trade Investment would ensure good agricultural practices to reduce waste of agriculture produce.”

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Nigeria: Former Agric Minister Wants FG to Reinvest Oil Wealth in Agriculture

A former Minister of Agriculture, Dr Shetima Mustapha, has advised the Federal Government to reinvest the nation’s oil wealth in agriculture as a way of creating employment for the youth.

Mustapha gave the advice in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. According to him, agriculture is a sector that cannot be exhausted if its potential is properly harnessed.

He said that it was only agricultural sector that had the capacity to absorb the teeming unemployed youths by providing a platform for mass food production for the populace.

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East Africa: EAC Farmers to Be Insured By International Firm

THE International Finance Corporation has signed a 3.9 million US dollar agreement that will offer insurance to closew to one million farmers in East African Community member states in the next two years.

IFC Regional Leader, Mr David Crush told journalists in Nairobi this week that the funds will bring a crop and livestock insurance solution that will enable farmers to cope with weather risks. “In 2014, we will insure at least 500,000 small scale farmers in Kenya, Rwanda and Tanzania,” Crush said during the signing ceremony in Nairobi.

The grant will be issued by the Global Index Insurance Facility, a multi-donor trust fund financed by the European Union, Japan and the Netherlands and implemented by IFC and the World Bank. Last year, over 189,000 small scale farmers were insured in the region under the project.

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