New report analyzes trade performance amid pressure points from climate change, water use, and carbon emissions, with recommendations for sustainable practices The latest Africa Agriculture Trade Monitor (AATM) indicates that intra-African agricultural trade has already reached a new high of US$ 17 billion, finally surpassing its previous 2013 peak, which was reached after a tripling ...

British International Investment (BII) has provided a US$10mn loan to NMB Bank Zimbabwe, the development finance institution’s first banking sector debt financing deal in the Southern African country.  70% of the loan will be used for on-lending to NMB Bank’s agricultural exporter clients, enabling them to invest in machinery, operational infrastructure and imports of crucial ...

Nigeria plans to enhance economic ties with South Korea following the export of $2.26 million (N3.4 billion) worth of alloys and unwrought aluminum in Q4 2023, according to the West African country’s Foreign Affairs Minister Yusuf Tuggar. This move comes amid an improvement in bilateral trade between both nations that saw Nigeria import approximately $203 ...

Africa could become the world’s powerhouse, particularly with the African Continent Free Trade Area (AfCFTA) seeking to remove trade barriers. AfCFTA is key to implementing the Agenda 2063 goals, which include healthy citizens and modern agriculture for increased productivity and production. Here are five focus areas to drive the Africa’s agriculture and food production from ...

The Federal Government of Nigeria and the Kingdom of Saudi Arabia have pledged to improve bilateral relations, particularly in agriculture, trade and economic opportunities. This commitment was reaffirmed during a meeting between a delegation from Saudi Arabia, led by its Minister of Environment, Water, and Agriculture, Abdulrahman Alfadley, and Nigerian officials on Thursday in Abuja. ...

KUALA LUMPUR, Malaysia, May 08 (IPS) – Africans have long been promised trade liberalisation would accelerate growth and structural transformation. Instead, it has cut its modest production capacities, industry and food security. Berg helped sink Africa The 1981 Berg Report was long the World Bank blueprint for African economic reform. Despite lacking support in theory and experience, ...

The board of directors of the African Development Bank Group has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The aim of this new CSP is to support ...

In its 2023 report, the European Union underscored the socio-economic benefits of the agricultural agreement with Morocco, particularly for the nation’s southern provinces. The report, a collaborative effort between the European Commission and the European External Action Service (EEAS), noted a significant increase in exports from these provinces to the EU, from around 100,000 tons ...

Africa plans to become a global food exporter by 2050, as the continent currently imports about $50 Billion worth of agricultural products per year. This goal is expected to be achieved through the AfCFTA agreement where Intra-African agricultural trade is projected to increase by 574% after the elimination of Import tariffs by 2030. By the year 2035, the total exports ...

According to EastFruit, Egypt is expanding its export markets for vegetables and fruits, and Brazil is one of the most promising destinations. In 2023, Egyptian exporters doubled their shipments of fresh and frozen fruits and vegetables to Brazil and gained a strong foothold for some products. Over the last five years, Egyptian exports of fresh ...