Mali will benefit from $1.9 million, provided by the USAID’s West Africa Trade and Investment Hub (WATIH). The resource will be channeled through the local agribusiness Mali Shi SA and Yolélé, an African food company based in the U.S. that creates income opportunities for smallholders by connecting them with global markets for traditional climate-resilient ingredients like fonio.
According to available information, the project could generate 13,714 jobs and increase farmers' export revenues by up to $4.5 million. This is a relief for Mali, which is currently boycotted by the regional and international community over delay in elections. Due to conflicts, farmers only have access to 5% of the country’s total cultivable land, estimated at 145.2 million hectares by the IFAD in 2020.
Agriculture is a key contributor to Mali’s GDP, but the sector began to wane with political unrest and reduced funding. Another challenge facing the country is the battle between France and Russia over the Wagner rumor and the announcement of a teachers' strike.
Despite this situation, Frantz Tavares, PPP manager for WATIH, believes that “Mali is full of opportunities to support economic growth through private investment, create long-term jobs for small-scale farmers and increase exports of products such as fonio to the United States.”
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Gulfcam plans to acquire six vessels to strengthen container transport between Kribi and Douala. The company aims to handle up to 50% of freight...
Dangote Cement’s sales in Cameroon fell 14.1% in 2025, dropping to 1.2 million tons. The company links the decline to economic disruption tied to...
MSC has signed a 45-year concession with Nigerdock to develop a container terminal at Snake Island Port in Lagos. The project is part of a...
Benin has approved a national food and nutrition strategy covering 2026–2030. The plan aims to turn national nutrition policy into concrete, funded...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...
Paris exhibition showcases Brazilian painter Gonçalo Ivo’s Africa-inspired works Show runs March 20-July 9 at La Maison Gacha Exhibition...