Nigeria’s Central Bank commits to support agriculture, SMEs to stimulate economic development

Nigeria’s Central Bank commits to support agriculture, SMEs to stimulate economic development

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NIGERIA – The Central Bank of Nigeria says it will support the agriculture sector, the Small and Medium Enterprises, and infrastructure development to stimulate the economy. The Deputy Governor (Corporate Services), Central Bank of Nigeria, Mr Edward  Adamu, said this during a…

Nigeria secures key fertilizer production ingredient from Russia to boost local production

Nigeria secures key fertilizer production ingredient from Russia to boost local production

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NIGERIA – The Federal Government on Monday entered into an agreement with a Russian firm, Uralchem, on fertiliser production in Nigeria. The signing which was done under the Presidential Fertiliser Initiative (PFI) will see Russia supply Nigeria potash, a key ingredient for…

Nigeria Aviation Handling Company to build export processing zone in airport to boost agricultural exports

Nigeria Aviation Handling Company to build export processing zone in airport to boost agricultural exports

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NIGERIA – The Nigeria Aviation Handling Company has concluded plans to build an export processing area at the Murtla Muhammed International Airport, Lagos. NAHCO Group Managing Director, Mrs Tokunbo Fagbemi, revealed this, adding that the firm had already secured approval from the…

World Bank jump starts Ghana’s National Development Bank with US$250m Initial Capitalization funds

World Bank jump starts Ghana’s National Development Bank with US$250m Initial Capitalization funds

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GHANA – The Government of Ghana has secured US$250 million from the World Bank as initial capitalization to kick-start the operations of the National Development Bank. Ghana’s Finance Minister, Mr. Ofori Atta revealed this while delivering the 2020 budget statement to Parliament…

Wefarm secures US$13m to expand and diversify its smallholder agricultural ecosystem

Wefarm secures US$13m to expand and diversify its smallholder agricultural ecosystem

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AFRICA – Wefarm, the digital network for global small-scale agriculture, has announced that it has raised $13 million in a Series A financing round led by Silicon Valley venture capital firm True Ventures. Jon Callaghan, co-founder of True Ventures while commenting on…

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to Boost Local Malt Production

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to Boost Local Malt Production

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ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help the company build and operate a malting…