First Independent Mena Newspaper
The Russian government will give 260,000 tons of fertilizer to several African countries, including 20,000 tons already donated to Malawi, a step that analysts see as part of Moscow’s effort to win diplomatic support for its war in Ukraine. At a handover ceremony Monday (6 March) at Malawi’s capital, Lilongwe, Russian Ambassador to Malawi Nikolai […]
King Mohammed VI had, on Wednesday at the Presidential Palace in Libreville, a meeting with President Ali Bongo Ondimba of Gabon. This meeting, subsequently extended to the Minister of Foreign Affairs, Nasser Bourita, to the Minister Delegate to the Gabonese Minister of Foreign Affairs, Mrs. Yolande Nyonda and to the Secretary General of the Presidency […]
The Economic Commission for Africa (ECA) and Afreximbank have announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government (B2G) tool to help boost intra-African trade under the African Continental Free Trade Area (AfCFTA). A statement by the ECA on Friday (27 January) also noted that the ATEX platform […]
There is an urgent need for global action to address the fertilizer crisis, most importantly by keeping the fertilizer market open to meet global demand and to avoid a food availability crisis, says a latest study issued by the World Trade Organization (WTO) and United Nations Food and Agriculture Organization (FAO) on 14 November. The […]
An estimated 4 million people, many of them small subsistence farmers, in over a dozen countries in West and Central Africa that have seen their crops decimated by unusually heavy flooding. In northern Cameroon, for example, the latest floods have destroyed the harvest for this season, while nearly 1 million hectares of farmland across the […]
Mali announced Wednesday Russia is set to send 60,000 tons of oil, 25,000 tons of wheat and 35,000 tons of fertilizers worth $100 million through the port of Conakry. “Following our exchanges, a first shipment of goods should arrive in Bamako in a few weeks. These include 60,000 tons of petroleum products, 35,000 tons of […]
The African Development Bank, AfDB, has accorded $80 million credit facility earmarked to enhance food self-sufficiency and security, through securing the supply of soft wheat, barley and fertilizers. The loan deal was signed Thursday between Samir Said, Tunisia’s Minister of Economy and Planning and Mohamed El Azizi, the Director General, Regional Development and Service Delivery […]
The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]
With an estimated 346 million people across Africa being negatively impacted by a severe food crisis, according to the Food and Agriculture Organization (FAO), a fertilizer boom is breaking out on the continent, even as environmental and green farming activists call for caution. Africa has barely used fertilizers, as only 6% of the continent’s cultivated […]
With Russia’s invasion of Ukraine in its seventh month, Nigerians are feeling a harder punch with the scarcity of energy sources, wheat and fertilizer, as well as a worsening foreign exchange scarcity. While oil and gas exports account for 90% of Nigeria’s foreign exchange earnings, falling oil output and demographic growth mean that production is […]