Asia Business Headlines International Morocco

India seeks food security through more Moroccan phosphates supplies

Indian chemicals and fertilizers minister Mansukh Mandaviya will be visiting Morocco this month to seal long-term phosphates supply deal amid surging prices in the international market. Indian media reported that in addition to Morocco the minister, accompanied by Indian firms, will also visit Egypt to set up plants for Diammonium Phosphate (DAP) and Nitrogen-Phosphorus-Potassium (NPK) […]

Africa Americas Business Columns Headlines International Opinions

US-Africa summit: Biden aims to boost trade, investment, food security; are the ambitions too high?

US President Joe Biden will be hosting some 45 heads of state from across the African continent in Washington, DC, on 13-15 December for the flagship US-Africa Leaders Summit, but analysts say that the US president could be much more ambitious in his engagement. The three-day summit — designed to showcase, in US Vice-President’s Kamala […]

Energy

Million livelihoods in DR Congo threatened by planned oil, gas projects — Report

Planned oil and gas exploration in the eastern Democratic Republic of Congo could expose more than one million people to pollution and disease, according to a report released by the environmental group Greenpeace Africa. The planned selling of 30 eastern land blocks that extend into a famous gorilla reserve would also threaten wildlife and food […]

Business Emerging Markets Headlines

Amid escalating food crisis, African agriculture is set for fertilizer boom

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 […]

Business Headlines International

Africa’s food security to be boosted by removing barriers to cross-border trade — IFPRI experts

Pursuing continental self-sufficiency may not be an appropriate remedy for Africa’s weak position in agricultural supply chains, experts at the International Food Policy Research Institute (IFPRI) have warned. African countries must improve their transnational transport infrastructure or risk remaining vulnerable to shocks in global food supply chains, the team of experts have warned following the […]

Blogs Community

Environmental conference in Senegal calls for pan-African response to plastic waste crisis

Environmental disasters, food insecurity and the issue of plastic pollution and the burning of waste — these are the main topics discussed by the more than 50 African environment ministers who have gathered in Senegal this week The African Ministerial Conference on the Environment is taking place in the wake of major flooding and drought […]

Headlines Tunisia

World Bank: Tunisia’s trade deficit continues to widen amid soaring inflation

The trade deficit in Tunisia widened by record 56% in the first semester of 2022, reaching 8.1% of GDP, while the budget deficit, exacerbated by mounting energy and food subsidies, is expected to reach 9.1% in 2022, compared to 7.4% in 2021, according to the World Bank’s latest report. Inflation in this country rose from […]

Business Finance

US grants Madagascar $20m to address food insecurity

The United States has allocated to Madagascar $20 million to help the African country to tackle food security exacerbated by the ongoing Russia-Ukraine conflict. The financing, the US ambassador Claire A. Pierangelo, notes, is within the framework of the US government’s global response to the impact of the “illegal invasion of Ukraine by Russia. The […]

Business Europe Headlines International Morocco

Food Security: Europe forced to turn to OCP to meet its fertilizers needs

One of the few viable alternatives to Russian fertilizer is Morocco, which already accounts for 40% of Europe’s imports of phosphate, said Jacob Hansen, Director General of Fertilizers Europe. Hansen made the remarks to European press as the global battle for fertilizer, a vital commodity for food production, has emerged as one of the by-products […]

Business Finance

Inflation: fears of unrest in SA, Uganda looming large as food prices soar

The rising price of basic foods is worsening South Africa’s food security crisis which could increase social instability and spark a repeat of the devastating July 2021 unrest that spiraled out of control. Meanwhile, in Uganda, people in the eastern city of Jinja have taken to the streets protesting the rapidly rising cost of living. […]