African Development Bank (AfDB) plans to mobilize $170 million to fill infrastructure deficit in Africa.  In an information relayed by Bloomberg, the institution’s Chairman Akinwumi Adesina (photo), indicated that the resource will be used to build additional facilities. Through this project which will be implemented over years, many roads, ports, and airports meeting...

The Gauteng Province in South Africa has endorsed the African Development Bank’s November 2018 Africa Investment Forum as a world-class initiative that is uniquely positioned to transform the continent’s development landscape. Gauteng Province will host the Bank’s inaugural forum from November 7-9, 2018 at the Sandton Convention Center in Johannesburg. Speaking after a high-level meeting...

The Burkinabe government published last May 2 the balance sheet of the 2017-18 agricultural campaign, revealing that cereal output dropped by 11% to 4 million tons compared to last season (2016-17). This drop in production which is mainly perceived for crops such as rice and wheat, is the result of a drought spell, armyworms and seed-eaters. Let’s note that this poor performance in production...

In Zambia, corn output is set to fall to 2.39 million tons during the 2017-18 campaign, from the 3.61 million tons last season, representing a decline by 34%. This information, reported by Reuters, was revealed by the government. According to the minister of agriculture, the country is facing at the same time a drought spell that hit several production areas, and armyworms as well as maize...

The International land Coalition will organize the next Global Land Forum (GLF) entitled “United for land rights, peace, and justice” in Bandung (Indonesia) next 22-27 September 2018. The event will bring together relevant actors for participative talks on global land issues. The institution indicates that it organizes the Global Land Forum every two to three years. During this year’s...

The Japanese multinational company Toshiba concluded a Memorandum of Understanding with Malawi’s energy ministry to set a geothermal plant within the country.  According to the agreement’s terms, both entities will jointly implement the plant whose capacity is 1-10 MW. Moreover, it will also allow to enhance the sector’s capacity. “Toshiba is the world's number one supplier of...

Rwanda plans to increase by 15.5% the resource granted for public expenditures during the 2018-19 fiscal year, the finance minister Uzziel Ndagijimana (photo) announced. According to information relayed by Reuters, this amount should stand at $2.85 billion, up by more than $380 million compared to the $2.47 billion last year. This increase in public spending will benefit...

The ASX-listed company Golden Rim Resources published yesterday May 3 a first resource estimate of its Kouri gold project in Burkina Faso. According to the document, the mine hosts 20.8 million tons grading 1.5 g/t of gold, corresponding to 1 million oz of gold. The assessment which was entrusted to RPM Advisory Services was reportedly made at a cut-off grade (minimum grade above which...

The US Company Kelloggs, the global leader in cereal breakfast, announced yesterday May 3 that it would inject $420 million into the Nigerian company Tolaram Africa Foods, its distribution partner in Africa. The Nigerian company also produces noodles and operates a distribution channel allowing it to have access to several other countries such as Ghana, DR Congo, Côte d'Ivoire and...

The Ivorian Government will toughen penalties for smuggling in the agricultural sector, the spokesman Bruno Koné (photo), announced. According to the official who quotes a decree approved yesterday May 3, the smugglers will now face a prison sentence of up to 10 years and a fine of CFA50 million while the smuggled goods will be seized. This decision should make it possible to further...