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According to the Central Bank of West African States (BCEAO), growth should accelerate in the WAEMU economic region in the medium term. The increased production in the tertiary and secondary sectors remains crucial. These sectors should benefit from controlling the current health crisis in the Union and the continued implementation of the NDPs.
Growth in the Union is expected to drop from 6 per cent in 2021 to 5.9 per cent in 2022 before settling at 7.2 per cent in 2023. The contribution to growth from the tertiary sector should stand at 3.5 per cent in 2023, up by 0.3 points compared to 2022. The contribution of the secondary sector should grow by 0.9 points between the two years to settle at 2.6 per cent in 2023.…
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A recent index report showed that Tanzania’s agro sector is mechanizing rapidly on the back drop of value addition mini-factories, the revolution is not unique to Tanzania, it is happening continent wide and North Africa is leading.
Evidence to this fact lies in the pages of the Africa Industrialization Index (AII) report that show more than 35 of Africa’s 52 countries have become more industrialized over the span of the last decade.
The multi-stakeholder report, prepared by the African Development Bank, the African Union and the United Nations Industrial Development Organization (UNIDO), attests to an ongoing industrial revolution in Africa.
The Africa Industrialization Index (AII) uses 19 indicators to rate each country’s level of industrialization ranging from performance of its manufacturing sector, capital, labor to a country’s business environment, its infrastructure and even its entire macroeconomic status.…
- The Nigerien Authorities and the Staff of the International Monetary Fund (IMF) have reached an agreement at the staff level on the first review of Niger’s economic programme under the Extended Credit Facility (ECF)
- This year’s growth is anticipated to pick up to a healthy 6.9 per cent from where it was at the beginning of the year
- To foster robust and inclusive economic growth, it is more important than ever to maintain the execution of reforms to increase domestic tax mobilisation, the quality of public expenditure, openness, and the fight against corruption
Niger is receiving approximately US$276 million over the course of a three-year. The loan was granted by the International Monetary Fund (IMF) in December. This loan is intended to assist Niger in recovering from the consequences of the Covid-19 pandemic.
According to a statement released by the IMF on Tuesday, The International Monetary Fund (IMF) and Niger
Zimbabwe Tobacco Farmers have collectively earned US$90,4 million from the sale of tobacco since its marketing selling season started as prices continue to firm.
Since the start of the 2021 tobacco selling season, farmers have sold 35,3 million kg worth US$90,4 million at an average price of US$2,56 per kilogram.
Comparing to the last season sale for the same period last which was an average price of US$2,25 per kg showed tremendous growth.
So far, 475 338 bales of the crop have been sold compared to 264 885 during the same period last year.
The bulk of the crop, as has become the norm, has been sold through the contract floors.
Contracted growers have sold 32,6 million kg worth US$783,6 million while 2,6 million kg worth US$6,8 million were sold through auction sales.
The substantive chief …
While Nigeria is the largest exporter for Sesame seeds, there’s still a lot of untapped potential of the lucrative export business this even as the seeds demand increases globally.
According to United states market based research report known as Hexa Research the Global sesame seeds market size is expected to hit $17.77 billion by 2025.
The fueling market demand was associated with its Increased application of the product as an anti-oxidant in various pharmaceutical formulations.
With the world production of Sesame seeds estimated to be 4. 8 million tonnes, ten  countries accounts for over 80% of it which includes Myanmar, India, China, Tanzania, Sudan, Ethiopia, Nigeria, Burkina Faso, Uganda, and Niger.
Africa, accounts for over 45 per cent of the crop, and in the last 10 years has become as a fast-growing supplier of sesame seed in the world market.
Of the Sesame seeds global production, over two million …
The African Development disbursed $5.6 million to Niger to implement its Africa Disaster Risk Management Funding Programme (ADRiFi).
The funds are from the African Development Fund (ADF-15) as technical and institutional support to strengthen the country’s resilience and response to drought-related disasters.
The project will be co-financed by the Bank’s group concessional rate loan window and the Pan-African mutual managed fund, a risk contribution of $1 million and by the Nigerien government $1.4 million.
Africa Disaster Risk Management Funding Programme (ADRiFi) aims to strengthen Niger’s resilience and response to climate shocks by improving its disaster risk management and adaptation to climate change.
ADRiFi will therefore provide financial and technical support to the Niger’s government through capacity building in terms of drought risk assessment, prevention of drought-related food crises and development of contingency plans. It will also support through transfer of sovereign risk through the subscription of insurance against drought risks …