$17 million: Endorsed by the AfDB Board of Directors to the Islamic Republic of Mauritania to carry out the Project for Promotion of Gender-Sensitive Agricultural Value Chains and Women’s Entrepreneurship

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– This project is subsidized under the Global Agriculture and Food Security Programme (GAFSP) and strives to boost productivity and sum up the value of agrarian yields to increase women’s revenue and help female entrepreneurship in Mauritania. The project is a component of the Programme Support Agricultural Transportation in Mauritania which operates to acclimate to climate change and foster inclusion. “This project is an important lever for agricultural transformation in Mauritania. It will help to empower the country’s women by supporting their work in the vegetable production and packaging industry. It will create local market garden production centers and irrigation basins that operate...
Posted On 05 Jul 2024
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Ghana: Has Publicized a Minimum Acquisition Fee in rehearsal for the Nation’s 2024 Mango Season

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Effective May 1st, 2024, indexed to the US Dollar and corresponding with international commodity market rates, intends to stabilize mango farmers’ revenues and protect against currency oscillations. The Tree Crop Development Authority (TCDA), in show with the Federation of the Association of Ghanaian Exporters (FAGE) and the Mango Association of Ghana inaugurated this price model. It factors in production costs and average global mango costs and assures reasonable dividends for growers, enabling translucent marketing across the mango value chain. “This initiative is not just about setting prices; it’s about supporting our farmers, ensuring they receive fair compensation for their hard work,” Yaw Frimpong...
Posted On 04 Jul 2024
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$18 Million: Ensured by the AfDB in Appropriation from the Global Environment Facility (GEF) for two major projects aimed at Boosting Environmental Sustainability and Resilience across Africa

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The foremost project, “Strengthening Zambezi River Basin Management towards Climate Resilience and Ecosystem Health,” wharves an allocated $10.57 million. This ambition strives to enhance the collective management of water, energy, food, and environmental resources within the Zambezi River Basin, which traverses eight Southern African nations: Angola, Botswana, Malawi, Mozambique, Namibia, Tanzania, Zambia, and Zimbabwe. The dual project, the “Global Electronics Management (GEM) program (Horn of Africa Regional Child Project),” has received $7.83 million to manage the unfolding challenge of electronic waste (e-waste) in Somalia, Djibouti, and Ethiopia. GEF endorsed the allotment during its 67th Council...
Posted On 03 Jul 2024
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In a Bid to Support: Private Investment in Emerging Markets in Africa, International Finance Corporation (IFC) has launched $2 billion five-year global bond

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra GHANA- IFC, a member of the World Bank Group, issued a new US dollar global benchmark bond, raising $2 billion to support private businesses in Africa. Support for the new five-year benchmark was strong and the trade attracted orders over $2.79 billion. The deal also attracted the tightest spread over US Treasuries for a five-year sovereign, supranational, and agency (SSA) bond this calendar year. “We continue to see strong demand for our bonds from a diverse investor base, and this bond issue is no exception,” said John Gandolfo, IFC Vice President and Treasurer, Treasury & Mobilization. “Our bond issuances enable us to provide essential financing for private businesses in emerging markets, helping to create...
Posted On 02 Jul 2024
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