Business Features Finance

Nigeria secures $134 million loan for agriculture

The Nigerian Government has secured a $134 million loan from the African Development Bank (AfDB) to strengthen its agricultural sector amid growing food insecurity concerns. This funding aims to increase seed and grain production and improve food security, according to a statement of the Agriculture ministry on November 14. A recent “Harmonized Framework” report, prepared […]

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Russia-Africa summit: Putin seeks to extend influence, but many African leaders stay away

Only 16 African heads of state have arrived in St. Petersburg to attend the second Russia-Africa Summit — fewer than half of the 43 who came to the first summit in 2019 — a striking disappointment for the Kremlin despite its recent flurry of diplomatic efforts in the continent. Russian President Vladimir Putin is meeting […]

Features Headlines Tunisia

AfDB loans Tunisia $87.1m to finance project in cereal sector

The African Development Bank (AfDB) and Tunisia inked a deal Wednesday for a $87.1-million credit facility for the financing of a project to support the inclusive and sustainable development of the cereals industry (PADIFIC), local reports say. Samir Saied, Tunisia’s Minister of Economy and Planning and AfDB’s Deputy Director General for North Africa Malinne Blomberg […]

Africa Features Headlines International

Putin’s ‘free fertilizer’ for Africa reveals limits of Russian soft power — study

With Russia now considering a withdrawal from the Black Sea grain deal and with its offer of ‘no-cost delivery’ of grains and fertilizers to ‘friendly’ African countries, Moscow seems to be recalibrating its African strategy, says a recent Geopolitical Handbook titled ‘Putin’s African Dream and The New Dawn’ published by Modern Diplomacy. While Russian president […]