The World Bank has approved a $500 million concessional loan to support Nigeria’s agricultural transformation, targeting up to one million smallholder farmers and agribusinesses. The funding is expected to play a critical role in addressing food insecurity, improving productivity, and unlocking private sector investment in one of Africa’s largest agricultural economies. The financing, provided through ...

By Brandon Moss The Rockefeller Foundation and the World Bank have announced a major multi-million-dollar initiative aimed at accelerating the use of solar energy across Africa’s agricultural sector, with a focus on improving productivity, reducing post-harvest losses, and expanding access to reliable power in rural areas. The programme will initially roll out across Kenya, Nigeria, ...

The World Bank has warned that the scheduled expiration of the United States’ African Growth and Opportunity Act (AGOA) in late 2025 could significantly threaten African exports, potentially undermining economic growth across several Sub-Saharan African economies at a time when the region’s recovery remains fragile. In its latest Global Economic Prospects report, the World Bank ...

By Brandon Moss In a strategic move to strengthen livestock productivity and rural livelihoods, the government of Yobe State in northeastern Nigeria has pledged ₦80 million (approximately USD 52,000) as its counterpart funding for the Livestock Productivity and Resilience Support Project (L-PRES), a multi-year initiative running through 2026. The announcement was made by Adama Madaki, ...

While Zambia’s economy is still recovering from the COVID-19 pandemic and a previous recession, a new Country Economic Monitor (CEM) report shows pathways that can support the country’s productivity to enhance economic transformation, create better jobs, and deliver sustained and inclusive growth. The new CEM, launched today, titled Unlocking Productivity and Economic Transformation for Better ...