Tag: Agricultural sector
Moves to address smuggling in Nigeria are back on the front burner as experts say various sectors of the economy suffer the adverse effects of the act - particularly the agricultural sector - and are calling for more legal backing. Kofo Olugbesan, Managing Director and CEO of Good Intentions Services joins CNBC Africa to discuss this ways through which the Nigerian law address smuggling effectively.
Rwanda’s Minister of Finance and Economic Planning, Uzziel Ndagijimana is today reading the final 2020/2021 budget, 60 per cent of which will be sourced domestically. Economic Analyst, Ted Kaberuka joins CNBC Africa for more.
What you need to know about this Zambian agriculture business launching an $81 million farmer financing scheme
Zambia’s African Green Resources (AGR) on Sunday launched an $81 million financing programme under which the company and its partners will provide farm supplies and technology to farmers in exchange for grain.
In his New Year speech, Nigeria’s President, Muhammadu Buhari stated that the revolution in the agricultural sector is already a reality in all corners of the country adding that new agreements with Russia and Morocco will fasten transformation in farming. So what areas should Nigeria prioritise to ensure food security this year? Kola Masha, Managing Director at Babban Gona joins CNBC Africa for more.
Nigeria’s agricultural sector grew by 2.28 per cent year-on-year in the third quarter of the year. Meanwhile, in its Monetary Policy Communiqué, Central Bank of Nigeria (CBN) says gross credit to the Agric sector stood at N73.2 billion between the end of May and the end of October this year owing to the bank’s new loan-to-deposit ratio policy. Emmanuel Ijewere, Chairman of Best Foods Farms joins CNBC Africa for this conversation.
Women are the backbone of Africa’s agricultural sector. While their influence on the continent’s growing agribusiness industry is undeniable, more solutions are needed to address the gender-specific challenges they face to boost their participation.
In much of Africa, 60% or more of the working population is employed in agriculture. And yet agriculture only contributes about one quarter of Africa’s GDP, with the continent mainly producing and exporting raw products and importing significant amounts of processed food.
Data from the National Bureau of Statistics (NBS) shows that Nigeria's agricultural sector growth slowed to 1.79 per cent in the second quarter, compared to the 3.17 per cent growth recorded in the first quarter of this year. To discuss the performance of the agricultural sector and what areas Nigeria's new minister of Agriculture should prioritise, Akin Laoye, Executive Director of FTN Cocoa Processors joins CNBC Africa for more.