Revenue decreased by 14% to R10.4 billion Operating profit decreased by 15% to R684 million Headline earnings per share decreased by 4% to 295 cents Robust financial position with an increase in net cash of over 100% to R1.6 billion Net asset value increased to R10.3 billion Strong growth in volumes in Agriculture and ...

Since colonial times, African trade has been dominated by the export of commodities to more developed countries outside the continent. Raw materials such as petroleum from Angola, lithium from the Democratic Republic of Congo and copper from Zambia are transformed into higher-value products in Europe, Asia and North America. With limited possibilities to turn them ...

African Development Bank Director-General for Central Africa Serge N’Guessan and his deputy Solomane Koné, the Bank’s Manager for DR Congo, actively participated in the Forum with other Bank officials. The Democratic Republic of Congo aims to invest $6.6 billion over ten years in its Agriculture Transformation Programme (PTA) to fulfil its commitment to becoming Africa’s breadbasket. ...

African Development Bank Director-General for Central Africa Serge N’Guessan and his deputy Solomane Koné, the Bank’s Manager for DR Congo, actively participated in the Forum with other Bank officials. The Democratic Republic of Congo aims to invest $6.6 billion over ten years in its Agriculture Transformation Programme (PTA) to fulfil its commitment to becoming Africa’s breadbasket. ...

With its vast territory, agricultural production potential capable of feeding a quarter of the world’s population, climatic diversity, freshwater reserves, hydroelectric potential and a regional market of 260 million consumers, the Democratic Republic of Congo enjoys major advantages. But these assets appear insignificant when it comes to food insecurity affecting 27 million people. Every year, ...

With its vast territory, agricultural production potential capable of feeding a quarter of the world’s population, climatic diversity, freshwater reserves, hydroelectric potential and a regional market of 260 million consumers, the Democratic Republic of Congo enjoys major advantages. But these assets appear insignificant when it comes to food insecurity affecting 27 million people. Every year, ...

Goodwell is pleased to announce its recent investment in Complete Farmer (“CF”) – a digital marketplace that brings together African farmers and international buyers to create a stronger, more efficient agricultural value chain in West Africa. Working in collaboration with long-term partner Alitheia Capital, Goodwell invested USD 2 million in equity via its uMunthu II ...

A man sorts through maize in the village of Yangandi, DRC. Photo by Axel Fassio/CIFOR-ICRAF Gliding west for the first time through the silent waters and noisy forests of the Congo River from Kisangani to Yangambi, in the northern Democratic Republic of the Congo (DRC), I couldn’t help but think that this place was all ...

The BRICS summit in Johannesburg this week is putting Brazil-Africa business co-operation back to the agenda after several years of neglect. During his first two terms in office from 2003 to 2010, Brazilian President Luiz Inácio Lula da Silva visited dozens of African countries for bilateral meetings. But his right-wing opponent Jair Bolsonaro, who served ...

At the Summit for the New Global Financial Deal, which closed on Friday 23 June 2023 in Paris, France, Proparco and the International Finance Corporation (IFC) announced the mobilisation of $1.5 billion as part of the African Entrepreneurship Initiative. The funding is earmarked for climate-smart agriculture and inter-African trade. At the same time, the two ...