The President of Niger, Mohamed Bazoum, announced yesterday April 29 his ambition to boost the agricultural sector. In that wake, 15% of the annual state budget will be pumped into the sector over the next five years.
The announcement was made during the virtual summit “Feeding Africa: Leadership to Scale Up Successful Innovations.” The meeting was attended by several heads of state, including President Felix Tshisekedi, current chairman of the African Union, and the presidents of financial institutions such as the African Development Bank (AfDB) and the International Fund for Agricultural Development (IFAD). Former British Prime Minister Tony Blair and Nigerian billionaire Aliko Dangote were also present. The objective was to identify ways to scale up activities, increase funding and strengthen partnerships to better harness technology to transform agriculture in Africa.
President Bazoum reiterated his country’s will to respect the Maputo commitment that each African country should devote at least 10% of its resources to agriculture. Over the past 10 years, more than CFA2,500 billion have been invested in the 3N Initiative (Nigeriens Nourishing Nigeriens). However, the challenge remains.
"Niger needs to undertake agricultural production to replace imports of 800,000 tons of cereals which amount to 302 million Account Units," said the Nigerien leader before inviting his peers to take coordinated action at the continental level to build sustainable and resilient food systems to eliminate hunger and malnutrition.
Mawulolo Ahlijah
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...
DR Congo approves $7 million Kinshasa poultry project with Egg's For Congo Ten-year PPP aims to manage parent farms and industrial...
Nigeria launches $500 million SPIN irrigation and hydropower project Project will rehabilitate 40,000 hectares and improve water...
Middle East conflict disrupts shipping routes, raising costs and delays Major carriers impose conflict surcharges on routes to African ports Detours,...
Standard Bank explores infrastructure investment opportunities in DR Congo Talks focus on transport, energy and economic infrastructure...
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...