Saturday, July 18

Economic Growth

Global Index Insurance Facility (GIIF),announces the three top winners of the Africa AgTech and Inclusive Insurance Challenge 2022 in Africa. www.theexchange.africa

Rural Farmers Hub will receive financial support worth US$15,000. It is a precision management solution for crop health and soil quality assessment created for small farmers, extensive plantations, and industrial out-growers.

Rural Farmers Hub provides intelligent maps to plan precise fixation of defects in soil and crops and develop various AI algorithms for agricultural application in Africa, showing how data can significantly impact the agriculture sector.

The company works with an extension worker network of over 200 members and have since reached over 25,000 smallholder farmers. They target ten vital corporate customers and an estimated 250,000 smallholder farmers within 24 months.

African governments to attend AIM 2022. www.theexchange.africa

At the Foreign Direct Investments (FDIs) and Foreign portfolio investment (FPIs) Workshops, the countries’ representatives, governments, and cities will gain new insights from renowned industry experts from across the globe that will enrich their experience, thereby enabling them to establish themselves as lucrative opportunities for investment.

At the Foreign Direct Investments (FDIs) and Foreign portfolio investment (FPIs) conference sessions, participants from countries and government departments will be sharing expert insights, best practices, and ideal investment policies. They will also be taking part in the fruitful discussions that specialists from the investment community will lead to explore relevant topics about AIM’s first pillar – Foreign Direct Investment FDI.

At the AIM 2022 exhibition, the best local and international exhibitors across the globe, including the representatives of countries and investors, will gather to achieve economic growth for their respective countries and regions.

The index pointed to a solid improvement in the health of the private sector economy, helped by a recovery in business activity as Covid-19 cases continued to fall across the country.

New business levels at Kenyan companies rose sharply in February, as survey panellists commented on a rebound in customer demand and increased marketing efforts.

The rate of growth was the second-fastest since October 2020.

Export sales rose to a much greater extent than in January, but growth remained weaker than seen in the fourth quarter of last year.

Nigeria to export gas through Equatorial Guinea. www.theexchange.africa

The Nigerian Minister also praised Equatorial Guinea, saying that the Western African country has a massive record of world-class gas processing and liquefaction infrastructure already in Punta Europa and allocating investment funds for development.

Minister Obiang Lima said that Equatorial Guinea was in line to be an essential player in the African energy market.

“New, fast, and competitive sources will be a major determinant of success,” he said. “This strategic collaboration breaks down geographical boundaries and allows gas delivery from Nigeria to Equatorial Guinea’s Punta Europa facilities, extending their life and providing access to the regional and global energy markets.”

Through the agreement, the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners will put into monetary use gas that would have otherwise been stranded offshore due to the absence of infrastructure.

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