Tag: agriculture sector
Microsoft through its 4Afrika initiative have signed an MOU with Alliance for a Green Revolution in Africa to support in improving food security for 30 million farming households across 21 countries by 2021. Amrote Abdella, Regional Director, Microsoft 4Afrika initiative joins CNBC Africa for more.
Food insecurity, climate change, and the need to refinance the continent's agriculture sector are some of the major challenges faced but where will this money come from? CNBC Africa spoke to the President of the International Fund for Agriculture Development and former prime minister of Togo, Gilbert Hougbo for more.
Africa’s agriculture sector has remained quite resilient but despite this the continent still grapples with a $35 billion import bill, so could smart agriculture be a solution to the largely subsistence approach happening? CNBC Africa spoke to the President of the International Fund for Agriculture Development and former prime minister of Togo, Gilbert Hougbo for more.
The Central Bank of Nigeria says it aims to curtail inflation to a level conducive for sustainable growth, while its primary objective for monetary policy remains price and financial system stability. This comes just as Nigeria’s President Mohammadu Buhari asked the Central bank of Nigeria to stop issuing foreign exchange for food and fertilizer imports. Joining CNBC Africa to discuss the implications for Nigeria’s agriculture sector is Kola Masha, Managing Director, Baban Gona.
Agriculture employs over 70 per cent of Rwanda’s population but receives relatively low investment as energy and manufacturing accounted for 75 per cent of Rwanda’s investment in 2019. Rwanda Development Board CEO, Clare Akamanzi discusses opportunities and what’s being done to increase investment in the sector.
Nigeria’s agriculture sector grew by 1.58 per cent in the second quarter of the year despite the economic headwinds that led to a 6.05 per cent decline of the non-oil sector economy. Nigeria is targeting smallholder farmers to drive the first phase of the Nigeria Economic Sustainability Plan. Chike Nwagwu, CEO of Novus Agro joins CNBC Africa for more.
In a move by the Kenyan Government to boost the agriculture sector and curb influx of cheap sweetener in the domestic market, the country has banned sugar imports with immediate effect and suspended trading licences. Nick Kwolek, Founder of KwolCo joins CNBC Africa for more.
Industries across the South African economy have been battered by the COVID-19 pandemic. The South African economy recorded its third consecutive quarter of economic decline, falling by 2 per cent in the first quarter of 2020. However, the one sector that has outperformed other sectors is agriculture. Paul Makube, Senior Agricultural Economist at FNB Agri-business joins CNBC Africa for more.