AfDB injects $40m into agriculture development in Nigeria, Ethiopia, Mali, others

AfDB

The African Development Bank (AfDB) has injected an aggregate of $40 million seed fund into agriculture development projects in Nigeria, Ethiopia, Mali and 24 other countries, under its Technology for African Agricultural Transformation (TAAT) initiative, Adeniyi Adediran, the TAAT coordinator for Nigeria Livestock Compact, has said at a forum convened by the International Livestock Research […]

Copper, industrial metals slide on trade row

Copper

Copper futures fell more than one percent on Tuesday as an escalating trade row between the U.S. and China rippled through most markets including the industrial metals which were impacted directly, according to multiple reports monitored by business a.m. “China demand-driven commodity futures including iron ore, copper, zinc and aluminium have seen a sharp decline, […]

Precious metals rally, base metals hang on bearish bias

Precious Metals

Gold and silver ended Thursday’s trading session near its day’s highs after the US federal reserve announced a 25 bpd rate hike in a widely anticipated move. Gold traded at 1308.50, up 0.55 percent whereas silver was at 17.15, up 0.97 percent towards the end of trading. While the rate hike was already factored into […]

Lipton, WE partner to empower 80,000 tea farmers in Kenya

Lipton, a global refreshment brand and WE, a charity organization have partnered to empower 80,000 women in tea farming communities across Kenya by providing them access to financial and business skills training. Program participants will learn financial fundamentals from budgeting and cost-pricing to creating business plans and applying for loans in addition to financial literacy […]

Nigeria expands basket of crops with entrance of 13 hybrid varieties

Ahead of June end’s commencement of Nigeria’s exportation of yam tuber to Britain, the country has intensified efforts at culturing hybrid crops with the release of 13 varieties of new high-yield crops for commercial purpose.   The ministry of science and technology which made the announcement listed the new introductions to include two wheat varieties […]

Audu Ogbeh moves for second agric bank in quest for 5% interest rate for farmers

Agiculture, Audu Ogbeh

Nigeria’s effort at keeping food prices within range has culminated in the quest for the establishment of another specialized bank for farmers.  The Federal Government said it is uncomfortable with prevailing high interest rates at which commercial banks in the country extend loans to farmers. To this end, Audu Ogbeh, Nigeria’s minister of agriculture and […]

First batch of certified yam export from Nigeria to reach U.K., U.S. in June

Minister of Agriculture, Audu Ogbeh has announced that the first consignment of yam from Nigeria to the United States and the United Kingdom is set to take place in June. The minister made this disclosure in a statement signed by Olukayode Oyeleye, Special Media and Communication in the ministry of Agriculture in Abuja on Friday. […]