Category “Markets”

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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Nigeria: CADP – Moving Farming to Profitable Business

Impressive progress in agricultural science and food production has helped significantly in feeding the world’s growing population over the past 30 years.

However, major challenges remain. Of the 5.1 billion people who live in the developing world, 1.2 billion still confront the ravages of poverty on daily basis.

According to a report by International Food policy Research Institute (IFPRI), about 800 million are food insecure while 170million children under five are malnourished.

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Malawi: Ntcheu Farmers Asked to Practice Commercialized Farming

Ntcheu — Farmers in Ntcheu have been asked to commercialize their farming practices by making it a business to improve their livelihoods for the better.

Ntcheu District Agricultural Development Officer (DADO) Annily Msukwa said farmers should go beyond farming solely to produce food for their homes only but rather they should appreciate to grow crops for sale to make money to meet their other personal needs.

Msukwa was speaking during a graduation ceremony for 40 lead farmers under Farming Business School at Bilira Extension Planning Area (EPA).

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