Food wastage caused by improper food storage costs Nigeria about N3.7 trillion (About $9 billion) yearly. The figure was recently disclosed by John Onojeharho, chairman of the governing council of the Nigerian Institute of Transport Technology (NITT). This was at the 8th Nigeria Annual Transport Lecture held in Lagos on the topic “Cold Chain Logistics”. “Nigeria is ranked 1 percent in...

In his visit to Rwanda today May 27, French President Emmanuel Macron delivered a long-awaited speech on France’s role in the Rwandan genocide. He looked back on the awful events that took place from April 7 to July 15, 1994, and once again condemned the passivity of his country.  Macron acknowledged France’s responsibilities in the massacres that took the lives of 800,000...

Yesterday May 26, Mali’s President Bah and PM Moctar Ouane resigned. The information was reported by an army official. The two officials announced their resignations to members of the international mediation mission who were dispatched to find a solution to the Malian crisis. "Negotiations are underway for their release and the formation of a new government," said Baba Cissé, special advisor...

The Development Bank of Austria (OeEB) and the European Investment Bank (EIB) launched a €100 million (About $122 million) African private sector COVID-19 resilience investment initiative. This is the first cooperation between both European-based banks. Through this initiative, both banks will provide funding to multiple financial institutions in sectors including agribusiness,...

The Bolloré Group presents the annual review of the philanthropic initiatives carried out, among other actions as part of its Earthtalent by Bolloré programme. By the end of 2020, more than €2.7 million had been collected by the network subsidiaries, and donated to various local charities. A total of 369 social-impact projects were completed in 52 countries, 76% of them on the African...

After raising $61 million in 2020 to finance its deployment in Kenya, the solar home systems supplier d.light is pursuing its expansion across Africa with the aim of reaching 1 billion people by 2030. As part of this strategy, the company has just secured $10 million in financing from French group Proparco. “Proparco’s alignment with our mission and its commitment to job creation...

West African startups have started 2021 on a good note in terms of fundraising operations. Over the first three months of the year, they mobilized a total of $231.7 billion through 34 financing rounds. Figures were revealed in a recent report published by Baobab Insights. Although funding levels have not yet reached those of 2019, before the covid-19 crisis, the mobilization in Q1 2021...

In an interview with France 24, the Ivorian Finance Minister Adama Coulibaly looked back on the recent international summits held in Paris and Rome, respectively on the financing of African economies and global health. The Ivorian official highlights the need to help African countries accelerate their vaccination campaigns against Covid-19. “There is a need to start producing the vaccine on...

A U.K. Treasury -commissioned independent review on the economics of biodiversity has called for a change in the way the world thinks and acts with regard to nature. Africa, alongside the rest of the world, must heed the call to understand that our economies are embedded within nature and are not external to it, participants in a webinar heard. Professor Dasgupta, Frank Ramsey Professor Emeritus...

The Sustainable Energy Fund for Africa (SEFA) has extended a $1 million grant to help accelerate African countries’ transition to flexible green grids and other clean power solutions ahead of the 2021 United Nations Climate Change Conference, COP26, scheduled to be held later this year. The technical assistance grant, sourced through a SEFA Rapid Response Facility, will enable up to five...