It is estimated that around 143 million persons could become “climate migrants” by 2050, if nothing is done to combat climate change within  the specified period. This was revealed in a report published yesterday March 19, by World Bank. The major part of these people (86 million) will come from sub-Saharan Africa, the report indicated. This  flow in migration could be as the...

World Bank will grant $27.8 million to Mali to help it protect Niger river. This was revealed by the bank in a statement published on March 16, 2018. The resource is divided into a loan and a donation from International Development Association (IDA) worth $13.9 million each. This grant, which falls in line with the project for Economic and Environmental Rehabilitation of...

In Côte d'Ivoire, the National Agricultural Union for Progress (SYNAP-CI), made of 57, 000 producers, maintains its strike launched a week ago to denounce the blockage of coffee beans in Ivorian ports, reports RFI. “The managers in charge of the regularisation, commercialization, and stabilization must tell us what's amiss. We will continue to put pressure and denounce until the last truck is...

The Dutch banking group Rabobank forecasts a global coffee surplus of 3.2 million bean bags, down 900, 000 from initial expectations (4.1 million bags) for the 2018-19 season. This was revealed in the bank’s quarterly coffee outlook report published last week. According to Rabobank which specified that this surplus will entirely be the Arabica coffee variety, this surplus cut is due to...

The International Monetary Fund (IMF) announced last March 16, that it has reached a staff-level preliminary agreement with Malian authorities on the conclusion of the eighth review of Mali’s economic and financial program supported by the Extended Credit Facility (ECF), and on the 2018 consultation under Article IV of IMF’s statutes. Once this review is approved by the institution’s...

Tokely Justin, the head of Madagascar’s national institute for decentralization and local development (INDD), asked mayors to make further efforts to achieve sustainable land tenure security, L’Express de Madagascar reports. Speaking during the award of certificates of completion to the land tenure office agents in Vakinankaratra region, the authority stressed...

AP Moller Capital, an affiliate of A.P. Moller Holding, has recently announced that the total commitment for its second close for Africa infrastructure fund stood at $215 million. The total commitment for this fund is valued at $865 million, very close to the $1 billion targeted. “We are pleased and proud to announce that six months after the announcement of our Africa...

The African Development Bank granted Burkina Faso $74 million (about CFA39.37 billion) to support Epine dorsale Nord, the Nigeria-Niger-Benin-Togo-Burkina Faso electricity interconnection project. According to the Burkinabe minister of economy and finance, the financing is broken into a $51.3 million loan and a $22.6 million donation. In the framework of this project, a 330 KV...

At the end of the latest Ministers’ council in Benin, the government announced that the limit price per kg of cashew has been increased to CFA650 for the 2017-18 marketing season which began yesterday March 15 and will run till next October 31. This price is up by CFA150 compared to the price during the previous season (CFA500). It is also one of the highest in the West African...

Yesterday March 15, Cote d’Ivoire made a noticeable return on the international financial market by issuing a record €1.7 billion securities on Eurobond. This is the biggest Eurobond issuance ever made by an African country, Bloomberg revealed. It is also the second-largest euro-denominated debt obligation issued by an emerging country this year; Romania being the first with its...