Browsing: African Green Resources

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Africa: Fossil Fuels Paradox: Good Intentions, Bad Energy

Industry and Trade
  • African nations are harnessing it's push toward the oil and gas industry despite global push to reduce greenhouse gasses
  • Oil-rich nations are keen to explore and pump out various fossil fuels as the rest of the world moves toward being Carbon Neutral
  • COP 26 focused on resolutions for the world, but that was mainly the developed world, what about Africa?

Part 1: The fuel of modern-day civilization

The backdrop of modern-day development as embodied in Europe, America, Asia and the Arab Peninsula all lies in fossil fuel, crude oil, black gold. It is the burning of fossil fuels that runs our engines and powers our economies.   Indeed, we owe our modern civilization and advances to fossil fuel.

Great!  What is not so great is the cost that comes with burning fossil fuels.   The primary cause of current climate change, altering the Earth's ecosystems and causing human and environmental health problems

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maize field

African Green Resources launches $81 million farming scheme in Zambia

Countries

African Green Resources (AGR) in Zambia launched an $81 million financing programme on Sunday, whereby the company and its partner are slated to provide farm supplies and technology to farmers in exchange for grain

According to information from Reuters, the company chairperson Zuneid Yousuf said in a statement that, AGR plans to invest $150 million in the country, for projects including a 50-megawatt solar farm and irrigation dam, AGR will target 120 commercial farmers and 250,000 small and middle farmers with the new programme to boost food security in Zambia and the surrounding region.

However, the scheme—will cover 60,000 tonnes of fertiliser for wheat and soya farming worth $55 million and $26 million for projects such as the expansion of grain storage silos.

Hence, the scheme will be financed through regional and global banks, with the money repaid from the produce the programme yields

This scheme could be one of …