Browsing: China – Africa Development Fund

As the world observes International Youth Day, Africa is producing a growing number of young entrepreneurs who are adopting new ideas to bring more affordable, quality food from farm to fork.

This year’s theme is “Transforming Food Systems: Youth Innovation for Human and Planetary Health”, putting the spotlight on the role of young people in achieving the success of such a global effort.

“Africa’s youth play a key role in scaling up the continent’s agricultural production that can transform Africa’s food systems. On International Youth Day, we celebrate Africa’s next generation ‘agripreneurs,’ whose innovations in agribusiness are helping to feed Africa,” said Dr. Beth Dunford, Vice President for Agriculture, Human and Social Development, at the African Development Bank.

Ikenna Nzewi is one of those agripreneurs. The Nigerian-American is CEO of Releaf, a Nigeria-based smallholder farmer food procurement company focusing on industrializing food processing in Africa. In keeping with this year’s …

For over two months now, companies in Tanzania are holding back contractors and supplier payments blaming it on a lack of funds due to the global coronavirus crisis.

Chinese companies are particularly in the spotlight with suppliers complaining of delayed payments for goods delivered and services done. In an exclusive with this paper, an aggregate mine operator (name withheld) said payments due to the company from Chinese companies are still pending two months down the road.

This is the exact scenario that the government tried to evade when it throughout the Central Bank, Bank of Tanzania, it released a stimulus package to cushion the economy to ensure business stay liquid and are able to make all due payments.

It is not far fetched to think companies are taking advantage of the ongoing health crisis not to pay their debts or even government taxes and fees. I mean, non performing loans …