According to an African Development Bank (AfDB) September 2022 press release, Cameroon’s Ministry of Agriculture and Rural Development and the Commercial Bank of Cameroon have signed an agreement for the creation of an Agricultural Sector Development Fund in the country.
EBRD approves $100 million loan to Banque Misr
According to a European Bank for Reconstruction and Development (EBRD) September 2022 press release, the EBRD has approved a $100 million loan to Banque Misr.
IFC to invest $4.5 million in Agro Bar Magen Nigeria
The International Finance Corporation (IFC) is investing $4.5 million in Agro Bar Magen Nigeria to build the country’s first salt and mineral block licks production plant.
Ghana’s AWM project will receive €44.7 million from the EU and the FDA
The Agricultural Water Management Project (AWMP) is one of the interventions government facilitated to mitigate the impact of perennial drought, a significant setback impeding the prospects of the agrarian economy in the five Northern regions of Ghana
A US$ 4 billion (UKAFPA) food security programme has been approved
Geopolitical events over the last few months have had a significant impact on food security in Africa. On 31 March 2022, a $4 billion Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA) was approved by the Board of Directors of the African Export-Import Bank.
Growing opportunities in Ivory Coast’s agriculture
Ivory Coast is the largest producer of cocoa beans in the world. Improving cocoa production requires significant investment in critical infrastructure.
European countries investing in Africa
Africa shows tremendous potential, having the youngest and the fastest-growing middle class in the world. The continent is teeming with the potential for large-scale investments.
ABiQ facilitated more than $280 million in project finance
ABiQ has managed to put forward projects seeking more than $280 million in funding. The projects selected are diverse and cover the agriculture, real estate, energy and renewable energy sectors.
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