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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The Dakar 2 Feed Africa Summit ended on Friday with a $30 billion pledge by the African Development Bank (AfDB) and development partners to finance food and agribusiness on the continent in the next five years. Of the amount announced at the summit held in the Senegalese capital, the AfDB pledged to mobilized billion. Executives that visited the event of The Dakar 2 Feed Africa Summit finished on Friday, January 27th, 2023 called on the African Uno Commission and the AfDB to demobilize additional allotment to add the amount disclosed and account for the comprehensive interest at the February African Union Summit. Smattering 34 African Heads of State and administration, administrators of global and bilateral...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- President Ruto told, Africa has the probable to produce excess food for export remarking that, it cod generate additional revenue and create jobs, particularly for the youth. Speaking during the Dakar 2 Summit – Feed Africa in Senegal on Wednesday, January 25th, 2023 President Ruto said these are the drives that will renovate Africa. “We should not be discussing food 60 years after independence.“ In a panel discussion of ten Heads of State and governments, President Ruto asserted the upscaling of farming in the landmass would compel the right information, technology, improved irrigation and mechanization. “Young people are also critical in the revival of our agricultural activities. The greater the infusion...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s Macroeconomic Performance and Outlook report for the region, released in Abidjan. With a comprehensive regional growth analysis, the report shows that all the continent’s five regions remain resilient with a steady outlook for the medium-term, despite facing significant headwinds due to global socio-economic shocks. It also identified potential risks and called for robust monetary and fiscal measures, backed by structural policies, to address...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- In its first year of undertakings in Uganda, the business intends to attain 10,000 planters and aggregate 15,000 metric tons of commodities, while expanding its accumulation, storage, and financial inclusion services to Ugandan farmers and processors. Continuing its pan-African development agendas, AFEX announces it will be carrying out its scalable criterion that incorporates progressive technology and infrastructure with a personal understanding of Africa’s food systems and local needs to trace its achievements in Nigeria and Kenya to Uganda. Helping nearly with local and international partners, the operation shall concentrate on maize, sorghum, soybeans, barley, and coffee, with maize being the initial...